Sunday November 29, 2020

Boardroom: The deal is done, but the ECB still matters

What are we to make of the latest mutterings from Frankfurt, with Bundesbank president Jens Weidmann appearing to express some reservations about our promissory note deal?

17th February, 2013
The deal is done. IBRC cannot be unliquidated. The promissory note is not going to be pulled out of the bin and stuck back together.

What are we to make of the latest mutterings from Frankfurt, with Bundesbank president Jens Weidmann appearing to express some reservations about the Irish promissory note deal (in customary roundabout language) and European Central Bank president Mario Draghi saying the whole thing would be examined again? Is there a danger of the whole thing being picked asunder? Or is this just some post-deal PR manoeuvre?

Well, of course, nobody knows - perhaps not even the...

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