Noonan seeking to slash Anglo bill

Finance minister Michael Noonan said he is seeking to cut billions of euros off Ireland’s bill for bailing out Anglo Irish Bank by restructuring promissory notes used to recapitalise the lender.

26th September, 2011
Noonan seeking to slash Anglo bill
Minister for Finance Michael Noonan

Finance minister Michael Noonan said he is seeking to cut billions of euros off Ireland’s bill for bailing out Anglo Irish Bank by restructuring promissory notes used to recapitalise the lender.

“The next piece of renegotiation that has to be done is to use all our persuasive powers and ingenuity to get the burden of the debt down,” Noonan said in an RTE interview. He said it would be “imprudent” to impose losses...

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