Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

54. To ask the Minister for Finance the State’s current exposure to Greek government debt; and if he will make a statement on the matter. [4198/15]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

Since 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.

The National Treasury Management Agency has advised that none of the Exchequer cash and related financial asset investments are invested in Greek sovereign debt.