TODAY’S SUNDAY INDEPENDENT describes a “furious row” that broke out at last week’s Cabinet meeting between two senior ministers over the discussion on Ireland’s promissory notes.
It describes discussions between Michael Noonan and Pat Rabbitte – who last Sunday said Ireland would not make its next €3.06 billion repayment – with Noonan reportedly telling Rabbitte that the promissory note discussions were none of his business.
The report illustrates the tensions within government about securing a deal with the ECB to restructure the notes, changing the current system which will see Ireland pay a total of about €48 billion over the next two decades as a hangover from emergency loans to Anglo Irish Bank.
Talks have been ongoing for over a year now, so this morning we ask: Do you think the government will secure a deal with the ECB to restructure Ireland’s promissory notes?
To embed this post, copy the code below on your site
have your say