Tuesday October 20, 2020

Boardroom: Finding a bypass round Frankfurt's vast roadblock

The government and the troika have been working for months now on the restructuring of the promissory note.

7th April, 2012
2
'All the ECB cares about is its own patch; it has zero interest in Ireland.'

The government and the troika have been working for months now on the restructuring of the promissory note. So how did the deal announced ten days ago end up as such a hastily cobbled together stop-gap?

Two things happened. First, it became clear that an overall deal was not possible in the short term and so an interim one to delay the repayment due last weekend was put on the table. (In the event, the...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 9 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 5 years ago