Push for interest deal on bonds with ECB

Some €500 million a year in interest payments on Irish debt could be returned to the exchequer if the government secured an EU deal like that given to Greece last year.

24th February, 2013

Some €500 million a year in interest payments on Irish debt could be returned to the exchequer if the government secured an EU deal like that given to Greece last year.

Finance minister Michael Noonan will this week come under pressure from the Labour Party to ask the Eurogroup of finance ministers for the return of interest paid on Irish bonds to eurozone central banks and the ECB.

The ECB revealed for the first time...

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