Fears raised about Irish bailout funding

EUROPE’s main bailout fund — the European Financial Stability Facility (EFSF) — may struggle to raise the remaining €9.5 billion in aid it is due to deliver to Ireland, according to a new report.

Out of Ireland’s estimated €90bn funding requirement for the period between 2011 and 2013, about €17.7bn is set to come directly from the EFSF; with the remainder coming from the EU, IMF and bilateral loans with other European countries.

To date, the EFSF has distributed nearly €7bn of its funds to Ireland.