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Ireland to ask for Anglo note delay

Notes talks "complex" and "sensitive", says Taoiseach
Notes talks "complex" and "sensitive", says Taoiseach

The Government is to try to re-schedule a €3.1 billion promissory note payment to finance IBRC, the former Anglo Irish Bank. The payment is due to be made at the end of March.

The Department of Finance has declined to comment, but it is understood the rescheduling is to be requested by the Irish Government. Any deal would need to be agreed with the troika.

Earlier, the Taoiseach told the Dáil that discussions on the promissory notes were going on among officials at a European level, but he could not comment on any deal as the issue was complex and sensitive. Enda Kenny said no deal had been done yet, and he could put a timeline on any deal.

Earlier, Minister for Communications, Energy and Natural Resources Pat Rabbitte also said negotiations were continuing with the troika on the issue.

Since last September, the Government has been talking to the bail-out lenders on a possible deal on repayment of the notes.

Mr Rabbitte declined to comment on reports that negotiations are at an advanced stage, but said a positive outcome would be good news for Ireland.

Meanwhile, Taoiseach has said the Government has yet to make up its mind on a date for the EU Fiscal Treaty referendum.