Irish, Portugal May Get Rescue-Loan Extensions, Noonan Says
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Euro-area finance ministers will consider extending the maturities of rescue loans to Ireland and Portugal, Irish Finance Minister Michael Noonan said.
European authorities will examine whether to give Ireland and Portugal more time to repay loans from the European Financial Stability Facility, a euro-area bailout fund, and also loans from the European Financial Stabilization Mechanism, under which the European Commission can borrow with an implicit European Union budget guarantee.