Crunch talks on promissory note
Talks on restructuring the promissory note used to bail out Anglo Irish Bank and Irish Nationwide are believed to be approaching a crunch point.
Talks on restructuring the promissory note used to bail out Anglo Irish Bank and Irish Nationwide are believed to be approaching a crunch point, with the government pushing for agreement before December's budget.
Sources say that significant progress has been made in the talks, but that it is not yet clear whether the European Central Bank (ECB) will provide enough leeway to persuade the government to sign up to a restructuring programme.
While talks on...
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