Dáil Éireann Debate, Tuesday - 26 November 2013
196. Deputy Pearse Doherty asked the Minister for Finance the planned date on which Ireland will no longer be subject to post-programme surveillance having repaid at least 75% of the financial assistance it has received from other member states, the EFSF and other sources based on the current lending maturities and notwithstanding any potential changes to EFSM maturities. [50721/13]
View answerBased on the current lending maturities of Ireland’s EFSM loans, the NTMA has calculated that Ireland will have repaid 75% of peak EU (EFSF & EFSM) and bilateral loans combined by the third quarter of 2032. This timeframe does not take into account the effect of the maturity extension of the EFSM loans, which will not be known until the existing loans mature. It is therefore, as I said in my reply to your similar question last Wednesday, 20 November 2013, not possible to give a definitive date on which Post-Programme Surveillance will end.
