Ireland, Portugal seek delay on loan repayments

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Eurozone ministers have met in Brussels to discuss how Portugal and Ireland can return swiftly to borrowing from the capital markets.

Both bailout countries have been seeking a delay on repaying their loans; both of them hit by a deep recession and high unemployment rate.

Michael Noonan, the Irish finance minister, said Dublin is seeking a 15-year extension to its EU and IMF loans.
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http://www.euronews.net/

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