Tuesday October 20, 2020

Crunch debt talks with ECB at advanced stage

Intense discussions are continuing between the government and the ECB on the restructuring of the promissory note used to bail out Anglo Irish and Irish Nationwide.

9th December, 2012

Intense discussions are continuing between the government and the European Central Bank (ECB) on the restructuring of the promissory note used to bail out Anglo Irish Bank and Irish Nationwide. While it proved impossible to tie up a deal before the budget, it is believed proposals to restructure the repayment schedule on the note is at an advanced stage of negotiations. However, a successful conclusion to the talks remains uncertain.

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