Brussels, 19/03/2014 (Agence Europe) - On Tuesday 25 March, the European financial stability mechanism will grant Portugal €1.6 billion and Ireland €800 million.
This will be the final raising of cash on the money markets by the EFSF for Ireland, because its aid programme ended in December 2013. It will be the penultimate raising of cash for Portugal, which will exit its aid programme in May (see EUROPE 11039). The yield on these ten-year bonds is below 2% and the funding costs will be...