Council Implementing Decision of 11 October 2011 amending Implementing Decision 2011/77/EU on granting Union financial assistance to Ireland

‘1 The Union shall make available to Ireland a loan amounting to a maximum of EUR 22,5 billion, with a maximum average maturity of 12,5 years. The maturity of individual tranches of the loan facility may be of up to 30 years.’;

‘5 Ireland shall pay the cost of funding of the Union for each tranche.’.

Article 1(1), first sentence and Article 1(5) of Implementing Decision 2011/77/EU, as amended by this Decision, shall also apply to the tranches of the loan that have been disbursed before the entry into force of this Decision.

This Decision is addressed to Ireland.