Noonan says promissory note deal by March may be "feasible"

Finance minister Michael Noonan said the government aims to reach a deal by March to refinance promissory notes used to rescue former Anglo Irish Bank.

8th October, 2012
Noonan says promissory note deal by March may be "feasible"
“The policy position as set out by the heads of state of government on June 29th is the policy that prevails,” Michael Noonan said.

Finance minister Michael Noonan said the government aims to reach a deal by March to refinance promissory notes used to rescue former Anglo Irish Bank.

“On the promissory notes, the political timeline is to get a new arrangement put in place by March,” Noonan told reporters in Luxembourg today. “I hope the March date is feasible.”

The government wants the European Union to help refinance €30 billion of promissory notes. It...

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