Dublin, 15/04/2013 (Agence Europe) - The average maturity of the loans to Ireland and Portugal from the eurozone bailout funds will be extended by seven years.
The Ecofin Council took this decision on Friday 12 April 2013 for loans from the European Financial Stabilisation Mechanism (EFSM), after the Eurogroup decided to do the same for loans from the European Financial Stability Fund (EFSF) (see EUROPE 10826).
By spreading out the repayment of loans that were initially due by 2010, the...