Troika deal could move tracker mortgages to IBRC - Noonan
The minister for finance tells RTÉ that loss-making mortgages could be taken off the books of AIB and Permanent TSB,
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The minister for finance tells RTÉ that loss-making mortgages could be taken off the books of AIB and Permanent TSB,
The Finance Minister has confirmed negotiations are underway on a major restructuring of Ireland’s banking debts.
The Tánaiste said discussions with the troika are ongoing as the Government seeks to secure an agreement.
The ECB president also expects Ireland to vote Yes to the fiscal compact, praising the government’s efforts in the fiscal crisis.
Mario Draghi will give a press conference at 1:30pm following a meeting where Anglo’s promissory notes were up for discussion.
The ECB’s monthly meeting of central bank governors will give Patrick Honohan a chance to explain the need to strike a deal.
The Department of Finance however said it is too early to speculate on the outcome of ongoing discussions.
Tourism minister Leo Varadkar says it would be “foolish” to assume that Ireland could get EU bailout funds without a Yes vote.
The IMF’s mission chief for Ireland said there was “a lot of consensus” among the troika for a possible reduction of the promissory note payments.
The Libertas founder said he would be choosing which side to campaign for based on the actions of EU leaders.
Eamon Gilmore appears to undermine comments of Joan Burton by insisting that progress on the Anglo notes is totally separate.
In an interview in the Financial Times, the social protection minister openly calls on the EU to restructure the promissory notes.
In today’s Fix: household charge campaign; health service ‘reduction’; and the best way to get onto a crowded bus…
Oireachtas Committee for Finance has heard that Ireland should cancel or defer the repayment of promissory notes.
Former government minister Eamonn Ryan also criticised the government’s action plan for jobs and called for a new green investment plan.
Alan Dukes, chairman of the bank formerly known as Anglo, also said Enda was ‘unwise’ with some pre-election promises.
The nine stories you need to know this morning, including: Anglo, ministerial Mercs, and Eircom customer data…
The government is set to pay €3.1 billion in promissory notes to Anglo Irish at the end of next month but a senior government minister reckons we won’t have to do it.
However, the Department of Finance could not confirm or deny reports that the State had asked to defer €31 billion worth of Anglo loans.
As the government prepares to pay unsecured Anglo bondholders over a billion today, we’re asking: what would you do with the money?
With the country in dire straits, we’re handing the equivalent of Ireland’s entire primary school budget to bondholders. This must end, writes Andy Storey.