Noonan: ECB and Government have a "coalition of interests"

Finance minister Michael Noonan said in an interview published today that a plan to move tracker mortgages is on the table and that any debt restructuring plan must benefit Ireland.

6th April, 2012
Noonan: ECB and Government have a "coalition of interests"
Michael Noonan: an ongoing study by Ireland’s bailout partners into the promissory notes issue must benefit Ireland, otherwise “we have no interest in it.”

The Government’s plan to move tracker mortgages out of AIB and Irish Life & Permanent is “on the table,” the Minister for Finance Michael Noonan has said.

He told the Irish Times in an interview published today that the aim of the move is to make the banks more valuable so that the Government can start the process of selling them.

Noonan said in the interview that there is a “coalition...

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