Memo: Ireland: Commission completes eighth Programme review

The European Commission has completed its eighth review of the EU-IMF financial assistance programme for Ireland and has published the technical report by the Directorate General for Economic and Financial Affairs (ECFIN) which assesses programme implementation by the Irish authorities.

The completion of the review enables a disbursement of EUR 0.8 billion from the European Financial Stability Facility / European Financial Stabilisation Mechanism, bringing total disbursements from the EU, IMF and bilateral partners to EUR 56.6 billion. This represents 84% of the total international assistance of EUR 67.5 billion available under the programme. Through EFSF/EFSM, the EU contributes some 60% of this funding.

• Primary Source

European Commission: SPEECH/13/64: The future of Europe: towards a genuine Economic and Monetary Union http://europa.eu/rapid/press-release_SPEECH-13-64_en.htm

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