Euro Area Loan Facility (Amendment) Act 2013
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Amendment of section 2 of Act of 2011. |
2.— Section 2 of the Act of 2011 (as amended by the Act of 2012) is amended— | |
(a) by substituting the following for subsection (1): | ||
“(1) The references to the Loan Facility Agreement in the Euro Area Loan Facility Act 2010 include— | ||
(a) the Amendment to the Loan Facility Agreement of June 2011, | ||
(b) the Amendment to the Loan Facility Agreement of February 2012, | ||
(c) the Amendment to the Loan Facility Agreement of December 2012, and | ||
(d) any subsequent amendments to the Loan Facility Agreement which have been approved by Dáil Éireann pursuant to Article 29.5.2° of the Constitution, | ||
and that Act shall be construed accordingly. | ||
(1A) Where Dáil Éireann has approved, pursuant to Article 29.5.2° of the Constitution, an amendment to the Loan Facility Agreement, the Minister for Finance shall, as soon as may be thereafter, cause notice of such approval to be published in Iris Oifigiúil.”, | ||
(b) in subsection (2) by substituting the following for paragraph (b): | ||
“(b) the Loan Facility Agreement, as amended by the amendments to which subsection (1) relates.”, | ||
and | ||
(c) in subsection (3) by inserting the following definition after the definition of “Amendment to the Loan Facility Agreement of February 2012” (inserted by the Act of 2012): | ||
“ ‘Amendment to the Loan Facility Agreement of December 2012’ means the Amendment to the EUR 80 000 000 000 Loan Facility Agreement done in Brussels on 19 December 2012 and in Athens on 18 December 2012 entered into by— | ||
(a) the Hellenic Republic as borrower and the Bank of Greece, as agent to the borrower, on the one part, and | ||
(b) the other Member States of the Euro Area represented by the European Commission (acting as agent for those Euro Area Member States, other than the Federal Republic of Germany) and KfW (acting in the public interest, subject to the instructions of and with the benefit of the guarantee of the Federal Republic of Germany) as lenders on the other part, | ||
the text of which (including the Annexes) is set out in Schedule 4;”. |