Michael McGrath (Cork South Central, Fianna Fail)
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I welcome the Minister and his officials and thank him for that comprehensive opening statement. I will focus on the Irish dimension of some of the issues the Minister outlined.

Following on from the informal ECOFIN meeting in April in Dublin, where the Minister secured political agreement on the extension of the loan maturities under the EFSF and EFSM, what are the mechanics of having that decision formally implemented for Ireland?