Dáil Éireann Debate, Tuesday - 3 February 2015
234. Deputy Pearse Doherty asked the Minister for Finance the amounts in which and the dates on which Ireland's contribution to the EU loans to Greece will be repaid; and if he will make a statement on the matter. [4395/15]
Amharc ar fhreagraSince May 2010, the euro area Member States and the International Monetary Fund (IMF) have been providing financial support to Greece through an Economic Adjustment Programme in the context of a sharp deterioration in its financing conditions. The Eurogroup agreed to activate stability support to Greece via bilateral loans centrally pooled by the European Commission. At year-end 31 December 2014 the total amount owing to Ireland on the Greek loan facility was €347,437,121.03.
Currently Ireland is in receipt of interest paid quarterly based on the 3 Month EURIBOR rate plus a margin of 0.5%. Capital repayments will be repaid quarterly beginning in June 2020 with the final capital repayment scheduled for June 2040.
