News | Latest Breaking News Stories & Headlines

The ECB says the Government's moves raises concerns, though EU treaties were generally respected

Prom note deal 'raises serious concerns' - ECB

The liquidation of IBRC, and the subsequent replacement of the Anglo promissory note with long-term Government bonds, raises serious monetary financing concerns, according to the European Central Bank.

Business • 07 Apr 14

Joan Collins challenged the payments on the grounds that they were not authorised by the Dáil

Collins loses promissory note challenge

United Left Alliance TD Joan Collins has lost her challenge to the Government's promissory note payments.

News • 26 Nov 13

Eamon Gilmore said the next Budget would try to boost the domestic economy

IMF distances itself from Ashoka Mody's comments

The International Monetary Fund has rejected a call by its former chief of mission to Ireland for a significant reduction in austerity in the country.

Business • 22 Jul 13

Michael Noonan said the upcoming Budget would be tough despite the promissory note deal

Noonan warns of 'tough' Budget ahead

Minister for Finance Michael Noonan has warned October's Budget will be tough, even if the Government decides to use all of the proceeds from the promissory note deal to reduce the level of cuts and tax increases.

News • 01 Jul 13

The Government is aiming to save €300m in the pay and pension bill this year

Government to attempt to restart Croke Park talks

The Government is to make another effort to reach agreement with unions on cuts to the public service pay and pensions bill.

News • 23 Apr 13

Fitch said the deal would have 'limited impact on Ireland's debt stock'

No rating change despite 'positive' deal - Fitch

Ireland’s deal on the Anglo Irish Bank promissory notes is a “positive surprise”, according to ratings agency Fitch, however it will not lead to any change in the country’s rating in the short-term.

Business • 08 Feb 13

The group claims the Government's negotiating strategy on the issue is in imminent danger of leading to humiliation

Government rejects call not to pay promissory note

The Government has rejected calls for Ireland to refuse to pay the next instalment of the promissory notes, due at the end of March.

News • 05 Feb 13

Michael Noonan said he was confident of a deal on the Anglo promissory note

Paying €3.1bn for Anglo note 'difficult' - Noonan

Minister for Finance Michael Noonan has told the Dáil it would be "difficult" for Ireland to pay the next €3.1 billion installment of the promissory notes due at the end of March.

Business • 30 Jan 13

Bloomberg reports that the idea for a long-term bond was put forward by Patrick Honohan

ECB rejected plan to fund Anglo note for 15 years

The European Central Bank rejected a Government plan that aimed to fund the Anglo Irish Bank promissory note for at least 15 years, according to sources close to the talks.

Business • 28 Jan 13

The Government has proposed converting the promissory note into long-term bonds

ECB dismisses reports it rejected Anglo note plan

The European Central Bank has dismissed reports that Ireland's preferred option on the promissory note deal had been rejected, saying negotiations were still under way and conclusions on their outcome were premature.

News • 28 Jan 13

Eamon Gilmore, Herman Van Rompuy and Enda Kenny at Dublin Castle

Govt to focus on Anglo deal during EU presidency

Taoiseach Enda Kenny has said the Government's "immediate focus" during Ireland's presidency of the EU would be to secure a deal on the Anglo promissory notes.

News • 10 Jan 13

Michael Noonan said: 'Because a deal is likely, (the Government) is unlikely to pay'

Anglo promissory notes deal likely - Noonan

Minister for Finance Michael Noonan has said a deal on the Anglo promissory notes is "likely" before the end of March, when the next €3.1bn instalment falls due.

News • 13 Dec 12

Enda Kenny said he expected a deal would be reached on the next promissory note payment

Kenny says Govt 'focused' on promissory notes deal

Taoiseach Enda Kenny has said the Government is focused on avoiding the next payment of the €3.1bn promissory note.

News • 11 Dec 12

Draghi says no change to promissory note contract

ECB President Mario Draghi has said the existing terms of the contract for Anglo Irish bank promissory notes will not be changed.

News • 26 Apr 12

Joerg Asmussen is a member of the ECB's executive board

ECB official warns Irish banks on debt

A senior ECB official has said household and mortgage debt is a serious issue for Irish banks.

News • 12 Apr 12

Promissory note deal could be reached in May

A long-term solution to the Anglo Irish Bank promissory notes could be reached as early as mid-May, just two weeks before the referendum on the fiscal treaty.

News • 03 Apr 12

Promissory Note