Thursday April 9, 2020

Cabinet nerves frayed as long wait for a deal drags on

Labour ministers feel the heat as talks on promissory notes prove tricky, and deadline for payment approaches, writes Pat Leahy.

3rd February, 2013
Tánaiste Eamon Gilmore: attended the EU/Latin America summit to push Ireland's case. Photo: Getty

The question of whether an acceptable deal can be secured from the European Central Bank on the Anglo Irish Bank promissory note now hangs over the government like the sword of Damocles.

The countdown to March 31, when the government is due to pay this year's instalment of €3.1 billion, is well and truly on. Nothing is more important for the coalition. Many senior people at the heart of the administration believe that, if no...

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