Slovakia to lend EUR 180 million to Ireland
Slovakia has received its part of the bill to help clean up Ireland’s economy. As part of the European Financial Stability Fund (EFSF) mechanism, Slovakia agreed to participate in the loan for Ireland, and so now will have to find EUR 180 million to help the Emerald Isle recuperate.
The figure was quoted at a press conference yesterday by finance minister Ivan Miklos, and represents Slovakia’s 1% or so of the EUR 17.7 billion to be transferred from the EFSF. In total Ireland is requesting an EUR 85 billion bailout loan.