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Extension on Bailout Loan is seen as a critical step forward

The Tánaiste  says the decision to look at extending the maturities on part of Ireland’s bailout loan is one of a number of critical decisions being made to make our debt more sustainable.

Eamon Gilmore made the comments after Eurozone Finance Minister’s agreed last night to reschedule the loans made to Ireland by the EFSF.

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The Tánaiste  also says negotiations on the Anglo Irish Bank promissory note payments are at a critical stage.

Eamon Gilmore says extending the maturities on the EFSF loans is a welcome development:

 

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