Deal moves us in the right direction

Credit where it is due. The deal done between the government, the ECB and the Central Bank of Ireland was an important step forward.

Credit where it is due. The deal done between the government, the European Central Bank (ECB) and the Central Bank of Ireland to restructure the repayment burden from the bailouts of Anglo Irish Bank and Irish Nationwide was an important step forward.

The ECB may have presented the deal as a purely Irish financial shuffle but, in reality, every comma of this was negotiated with Frankfurt. By stretching out the repayments over a ...