EFSF
# efsf - Saturday 23 March, 2013
IMF approves latest round of bailout loans for Ireland
The approval of nearly €1 billion in new lending means the IMF has handed over about 89 per cent of the total loan.
# efsf - Saturday 16 March, 2013
Eurozone ministers: We’ll change repayment date for Ireland’s bailout loans
The Department of Finance says the move will make it easier for Ireland to emerge from the bailout programme.
# efsf - Tuesday 5 March, 2013
EU finance ministers confirm deal to delay Ireland’s bailout repayments
Ministers have asked the Troika to come up with a proposal on the best options for extending the maturities of Irish loans.
Deal could delay repayment of Ireland’s EU bailout loans
The detail of extended loan repayments on the EU portion of Ireland’s bailout is still to be worked out but could save the State significant amounts of money in the coming years.
# efsf - Saturday 28 July, 2012
Germany rejects notion that Europe’s bailout fund could buy Spanish debt
Despite promises, no green light has been given to any specific action.
# efsf - Thursday 26 July, 2012
Column: Ireland has no option but to play hardball. So why aren’t we?
Economic commentator Anthony Phillips paid a visit to the Department of Finance. This is what happened…
# efsf - Friday 22 June, 2012
Brussels made 17 errors translating the ESM Treaty into Irish
Dáil approval was needed this week to correct 17 grammatical mistakes, and typos, in the Irish version of the Treaty.
# efsf - Wednesday 20 June, 2012
Dáil approves Ireland’s ratification of new Eurozone bailout fund
TDs vote by 114 to 22 to have Ireland participate, a move which will require €1.27bn in cash payments before 2014.
Explainer: Have Spain and Italy been ‘bailed out’?
Germany has reportedly relented and will allow the ESM to buy bonds directly, which could save Spain and Italy.
The 9 at 9: Wednesday
Nine things to know this morning…
# efsf - Monday 18 June, 2012
Brussels says report on Troika loan proposal is “simply not true”
The European Commission flatly denies an RTÉ report saying the Troika are considering extending the schedule for repayments.
# efsf - Wednesday 13 June, 2012
Spanish bailout: what we know so far
An essential round-up of the details to date of the Spanish bailout, from interest rates to lending conditions.
# efsf - Saturday 9 June, 2012
Noonan welcomes Spanish request for banking bailout
But will Ireland have to contribute to the bailout?
# efsf - Tuesday 8 May, 2012
Honohan calls for EU-wide ‘banking union’
The Central Bank governor also said Irish banks should be recapitalised with EU funds – and without running up our national debt.
# efsf - Thursday 26 April, 2012
Column: If Ireland votes no, how would we finance the country? Here’s how
The debate about what would happen if Ireland votes no is based on worst case scenarios. We should focus on real alternatives, write Michael Taft and Tom McDonnell.
# efsf - Sunday 1 April, 2012
German central bank ‘to stop taking Irish bonds as collateral’
A German newspaper report says the Bundesbank won’t take Irish, Greek or Portuguese bonds from banks any more.
# efsf - Friday 30 March, 2012
EU finance ministers meet to decide on size of bailout fund
The 17 eurozone finance ministers will meet in Copehagen for two days of discussions concerning the size of the bailout fund available to countries.
# efsf - Tuesday 13 March, 2012
Noonan closes door on amendments to EU bailout treaty
The finance minister says it makes sense that countries seeking bailout funds must first apply “sensible budgetary policies”.
# efsf - Wednesday 29 February, 2012
The 5 at 5: Wednesday
5 minutes, 5 stories, 5 o’clock.
# efsf - Tuesday 21 February, 2012
Borrowing costs for eurozone bailout fund fall after Greek deal
The EFSF issues a new round of 6-month bills – with interest rates significantly lower than at the same time last month.
# efsf - Tuesday 24 January, 2012
Noonan to hold talks with ECB chief Mario Draghi
The Finance Minister will try to get a better deal on Ireland’s bailout as he holds talks with the European Central Bank president today.
# efsf - Friday 20 January, 2012
Could EU fiscal treaty go through with just 12 states on board?
Dow Jones/Wall Street Journal team says it has seen a draft of treaty.
# efsf - Tuesday 17 January, 2012
EU bailout fund overcomes downgrade with successful bond auction
The EFSF sells six-month bills with an average interest rate of 0.2664 per cent – despite being downgraded yesterday.
# efsf - Monday 16 January, 2012
Bailout costs likely to rise after S&P downgrades EU fund
Standard & Poor’s downgrades the European Financial Stability Fund, meaning our future loans will probably cost us more.
# efsf - Friday 13 January, 2012
# efsf - Tuesday 10 January, 2012
Brussels says discussion of second Irish bailout is ‘not helpful’
Ireland’s first bailout is performing well, says a spokesman for Olli Rehn – so it’s “not particularly useful” to discuss a second one.
# efsf - Monday 9 January, 2012
Ireland should negotiate ‘standby second bailout’, says Citi chief
Citigroup’s chief economist Willem Buiter says Ireland should have a second funding deal wrapped up before the first one runs out.
# efsf - Thursday 5 January, 2012
The Daily Fix: Thursday
In tonight’s fix: Warnings over mortgage interest relief, Phil Hogan’s website woes, Vita Cortex owner “can’t move money” – and a solution to modern dinner part complaints?
EU fund issues new bonds to pay for Irish bailout
The European Financial Stability Fund says it issued €3bn in three-year bonds, at a rate over four times cheaper than we’d get.
# efsf - Tuesday 13 December, 2011
Belgium, Spain and bailout fund perform better in bond auctions
There’s little respite for Greece, though, which is asked to pay a higher yield on an experimental auction of short-term bonds.
# efsf - Wednesday 30 November, 2011
Kenny tells Dáil: ‘I have an answer to the euro problem’
The Taoiseach says the only way to solve Europe’s debt crisis is to tap the European Central Bank’s “infinite capability”.
# efsf - Tuesday 29 November, 2011
Eurozone finance ministers hold talks amid fears of euro breakup
US president Barack Obama has weighed in with a call for EU countries to find a solution to the spiralling debt crisis.
# efsf - Monday 28 November, 2011
Eurozone ‘has ten days to save itself, or collapse’ – analyst
Wolfgang Münchau, associate editor of the Financial Times, believes catastrophe is coming if a deal is not struck by December 9.
# efsf - Thursday 17 November, 2011
Taoiseach says ECB can provide ‘ultimate firepower’ to solve euro crisis
Enda Kenny met with German chancellor Angela Merkel in Berlin yesterday and there was plenty to discuss.
# efsf - Thursday 27 October, 2011
EU leaders strike ‘comprehensive’ debt deal after hours of talks
Greek debt will be written down by 50 per cent, with the EU bailout fund boosted to around €1trillion.
# efsf - Wednesday 26 October, 2011
EU leaders approve banking bailout plan, while Greek talks continue
Leaders agree to recapitalise weak banks by next summer, though it is reported that talks on Greek haircuts have hit a snag.
# efsf - Tuesday 25 October, 2011
Italian government – and Eurozone – on the brink over debt deal
Silvio Berlusconi’s coalition is divided on implementing reforms demanded by the EU, leading to the cancellation of some of tomorrow’s summits.
# efsf - Monday 24 October, 2011
Enda Kenny: New hope for deal to tackle EU crisis
The Taoiseach has said EU leaders were “focused on fundamentals” for the first time as they met in Brussels.
# efsf - Sunday 23 October, 2011
The 9 at 9: Sunday
Nine things you should know this morning…






















































