‘Follow-up funds hinge on terms’

Estonian finance minister Juergen Ligi says that the possibility of follow-up financing for Ireland after it exits the bailout this year would depend on aid conditions.

A precautionary credit line “has been talked about”, even as Ireland has a funding cushion of about 15 months, Ligi, who took part in the eurozone finance ministers’ meeting in Luxembourg this week, told reporters yesterday.

Even so, follow-up financing for either Ireland or Spain, which is also due to exit an aid programme for its banks this year, wasn’t discussed at the latest meeting, he said.