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Troika to suggest loan extension options for Ireland and Portugal and resume aid talks with Cyprus

At the press conference ending the two-day Eurogroup meeting on Tuesday EU Commissioner for Economic and Monetary affairs Olli Rehn assured that the the Troika would resume bailout negotiations with Cyprus as soon as possible, with an aim of reaching the final deal at the end of March.

As far as the extension of bailout loan maturities for Ireland and Portugal is concerned, Rehn said that it had been agreed that the Troika should consider establishing a new debt repayment schedule for a part of the loans. The final decision would be announced in April at the next Eurogroup meeting in Dublin.

The question of restricting bank bonuses, supported by all Eurozone officials except for UK Chancellor George Osborne, will be further examined from the side of technical details and put to vote in the nearest future.

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