Wednesday August 5, 2020

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
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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

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



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



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 | 7 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 | 4 years ago