COMMENT: Promissory note deal will be done

While we're still awaiting confirmation of a delayed repayment of the €3.1 billion repayment due this weekend, the deal will be done, writes Cliff Taylor.

27th March, 2012
COMMENT: Promissory note deal will be done
Cliff Taylor: deal will be done.

A deal will be done to allow a delay on the repayment of €3.1 billion by the state at the weekend on the by-now infamous promissory note.

Not only are Irish politicians saying it, but Eurogroup president Jean-Claude Juncker said this morning: "Coming to Ireland, there are good reasons to ease the debt burden."

And Central Bank governor Patrick Honohan said this afternoon at an Oireachtas committee hearing that it now was "likely" that an...

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