Pearse Doherty (Donegal South West, Sinn Fein)
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234. To ask the Minister for Finance the amounts in which and the dates on which Ireland's contribution to the EU loans to Greece will be repaid; and if he will make a statement on the matter. [4395/15]

Michael Noonan (Limerick City, Fine Gael)
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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.

Currently Ireland is in receipt of interest paid quarterly based on the 3 Month EURIBOR rate plus a margin of 0.5%. Capital repayments will be repaid quarterly beginning in June 2020 with the final capital repayment scheduled for June 2040.