The Government is planning to repay €8 billion in loans received during the financial crisis ahead of schedule. The proposed repayments relate to loans provided under the European Financial Stabilisation Mechanism (EFSM) as part of the country's EU-IMF bailout programme. Tánaiste and Minister for Finance Simon Harris brought a memo to the Cabinet this week, which will allow the State to make early repayments on the State's loans, in a move that.