Troika paper says Anglo payments may be suspended

Avoiding €3.1bn annual payment would ease pressure; troika also examines tracker mortgage move; prospects of a deal still in the balance.

11th March, 2012

Ireland could be allowed to suspend the annual repayments of €3.1 billion on Anglo Irish Bank's debt, under proposals currently being considered by the troika, *The Sunday Business Post* has learned.

The long-awaited technical paper from the EU/ECB/IMF troika on the restructuring of the Anglo Irish Bank promissory note will suggest that the payments could be suspended, possibly for a prolonged period, and replaced by an obligation to repay a long-term loan from the Central...

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