Michael McGrath (Cork South Central, Fianna Fail)
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To ask the Minister for Finance if he expects discussions to take place in the near future at European level on extending the maturity of loans drawn down by Ireland from the EFSF and EFSM; if he has discussed the situation with his Portuguese counterpart; and if he will make a statement on the matter. [9518/13]

Michael Noonan (Limerick City, Fine Gael)
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Ministers have discussed the extension of Ireland’s and Portugal’s loans at Ecofin and Eurogroup meetings. We agreed to refer the issue to senior officials for further consideration, and that work is continuing. Once these considerations have been completed, the issue will then return to Ecofin and Eurogroup. I meet my Portuguese counterpart on a regular basis during the monthly Eurogroup and Ecofin meetings. In that context we have discussed the extension of maturities issue.