Euro zone to give Portugal, Ireland more time to repay loans: Dijsselbloem

Reuters

Euro zone finance ministers will probably agree on Friday to give Ireland and Portugal seven more years to repay loans from the European Union, a senior official said on Thursday.

"The intention is very positive," Jeroen Dijsselbloem, the chairman of the euro zone finance ministers, told a news conference. "I hope that we will be able to finalize that tomorrow," referring to the meeting of finance ministers on Friday in Dublin.

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The extensions aim to ease the return to full market financing.

(Reporting by Conor Humphries; writing by Robin Emmott)