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9th December, 2012

The big story

Believers in Michael Noonan's efforts to relieve Ireland of the burdens of the **Anglo Irish promissory note** got an unwelcome splash of cold water in the face last Thursday when Mario Draghi indicated that any change to the terms of the bust bank's debt financing could break ECB rules. The president of the Frankfurt-based bank suggested a deal on the note - which has to be serviced with €3.1 billion in annual...

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