Statement by the Eurogroup and Ecofin Ministers

The Eurogroup and Ecofin Ministers discussed on the 12 April 2013 the state of play of the adjustment programmes in Ireland and in Portugal.

It was agreed, in principle, that both countries would be granted an extra seven years to pay back their emergency bailout loans.

• Primary Source

BBC News, 12.04.13: Cyprus to appeal to EU for extra bailout funding http://www.bbc.co.uk/news/business-22116270

EUObserver, 12.04.13: Austria attacks UK, as EU finance talks get ugly http://euobserver.com/economic/119781

ESO: Background information: Ireland and Portugal set for debt deferral http://www.europeansources.info/record/ireland-and-portugal-set-for-debt-deferral/

ESO: Background information: Statement by EC, ECB and IMF on the ninth review mission to Ireland http://www.europeansources.info/record/memo-statement-by-ec-ecb-and-imf-on-the-ninth-review-mission-to-ireland/

Irish Times, 15.04.13: Bailout exit likely to lack comfort of ESM clarity http://www.irishtimes.com/news/politics/bailout-exit-likely-to-lack-comfort-of-esm-clarity-1.1360644

Irish Times, 15.04.13: EU ‘making progress’ in response to crisis http://www.irishtimes.com/business/eu-making-progress-in-response-to-crisis-1.1360672

---