Eurozone Extend Maturity Bailout For Portugal-Ireland

The EU finance ministers are discussing ways to boost growth and create jobs.As reported by the Washington Post, Saturday (13/04/2013), this step they are doing in the middle of the economy stagnant and unemployment is at a high level.In a meeting in Dublin Castle, Ireland's Finance Minister Michael Noonan said the ministers will focus on unemployment among the young. This is because the number of unemployed youth in several European countries reached 50 percent.
Ireland which currently holds the presidency for six months in the EU, the leader of the meeting. Noonan said the finance ministers will also discuss ways to unlock access to financing for businesses in the market rather than bank.
It is important, he added, because many small and medium enterprises in the EU have access to capital.While Analisadaily, Monday (04/15/2013) The euro zone finance ministers have agreed to provide an additional seven years for Ireland and Portugal to pay back bailout loans them. It was reported by the group leader Jeroen Dijsselbloem on Friday (12/4).

Dijsselbloem, who is also finance minister Netherlands, said in a press conference in Dublin that the maturity extension bailout was decided by all 27 EU finance ministers when they meet later in the day.
commissioner Olli Rehn, who handles economic affairs European Union said that the issue is a very important step towards the return of the full market financing both countries. European finance ministers and their central bank governors gather for informal meeting of ECOFIN in order to discuss the economic and financial problems at the moment. The meeting has also been passed by the meeting of the Eurogroup previous morning.Maturity extension to Ireland and Portugal are the main agenda for the two-day meeting. Other issues that participated discussed in the agenda the creation of a banking union of Europe and strengthen financial stability in the euro zone.