Supreme Court adjourns promissory note appeal as TDs seek to join case
David Hall says his case concerns issues wider than that of the €3.06 billion payment due in March that now appears unlikely following the liquidation of IBRC overnight.
View ArticleDraghi says ECB “took note” of IBRC liquidation
The European Central Bank President said that no decision has been taken on the IBRC promissory note.
View ArticleTDs question lack of debate on promissory notes
Deputies Micheál Martin and Peadar Tóibín both criticised the lack of facility for debate on the issue in the Dáil today.
View ArticleIn full: ‘The annual promissory note payments are gone’ – Enda Kenny
The Taoiseach’s full speech to the Dáil on the revised promissory note arrangements which will see the IOUs replaced with long-term government bonds.
View ArticleKenny: First payment on new Government bonds in 2038
The final payment of the bonds that replace the promissory notes will take place in 2053.
View ArticleAs it happened: Michael Noonan and Brendan Howlin on promissory note deal
The two Ministers will be holding a press conference from 4pm about the promissory note agreement. Let’s see what they have to say.
View ArticleBonds: Fianna Fáil’s ‘qualified welcome’, Sinn Féin says it will cost people...
Sinn Féin’s Pearse Doherty said there will be €1 billion of interest on the bonds every year.
View ArticleCentral Bank says ECB deal will ‘contribute to financial stability’
The independent body, which takes over ownership of the promissory notes in the deal, welcomes the moves.
View ArticleHere’s how the IBRC deal takes €1bn off next year’s Budget
The Department of Finance has put together these figures to illustrate the benefit to Budgets 2014 and 2015.
View ArticleBusinesses and financial institutions hail promissory notes deal
Danske Bank Markets said it now expects rating agencies to upgrade Ireland’s status while businesses say the deal will improve consumer confidence.
View ArticlePoll: Did the government get a good deal on the promissory notes?
The government argues that swapping the €3.06 billion annual payments for long-term bonds is the best we could have got, but others argue we’re still paying the debt. What do you think?
View ArticleGilmore: Change in promissory note terms is “very, very significant”
The Tánaiste said that
View ArticleIreland’s cost of borrowing falls as NTMA formally issues new bonds
The body that manages Irish debt has formally issued new bonds to replace the promissory notes.
View ArticleTimeline: The 24 hours that secured the promissory note deal
It was dramatic, chaotic, uncertain and very confusing as Ireland struck a deal to tear up the promissory notes and repay Anglo’s debts over a longer period. Here’s how it unfolded…
View ArticleColumn: Promissory note deal sees Fine Gael come out on top
The response to the promissory note deal has ranged from muted in the case of Fianna Fáil to outrage from Sinn Féin and the Independents – so what does this deal mean for Fine Gael, asks Gary Murphy.
View ArticleCentral Bank Governor says ‘deal’ will not unravel
Patrick Honohan said Ireland’s debt is now more sustainable than it was.
View ArticleConsumer spending power to stabilise this year, improve in 2014
Working households with mortgages will see the greatest growth in spending power while unemployed households will fare worst.
View ArticleUnion meeting with IBRC liquidator over future of 800 jobs
The contracts of some 800 workers in Ireland were essentially terminated when the government decided to liquidate the bank last week.
View ArticleS&P improves outlook for Irish credit rating after prom note deal
Exchanging promissory notes for long-term bonds “should reduce the government’s debt-servicing costs and lower refinancing risk.”
View ArticleOireachtas agenda: Promissory notes, eco-cars and horse meat
Simon Coveney will take ministerial questions in the Dáil today as the horse meat controversy rages on.
View ArticleGovernment yet to decide how €1bn prom note windfall will be spent
Enda Kenny says it’s only six weeks into the year – and too early to predict the promissory note impact on Budget 2014.
View ArticleOireachtas agenda: WW2 pardon, promissory notes and obesity
The Operation Transformation team meet the Health committee this morning to discuss Ireland’s obesity problem.
View ArticleThe 9 at 9: Sunday
Good morning. Here are nine things to know before you start your day.
View ArticleGerman central bank says promissory note deal is ‘problematic’
In its monthly report the Bundesbank says the deal illustrates problematic overlaps between fiscal and monetary policy.
View ArticleDraghi: ECB hasn’t yet considered whether Irish deal is legal
Mario Draghi tells MEPs that the European Central Bank only checks ‘monetary financing’ operations once a year
View ArticleVaradkar: Promissory note saving ‘is not €1bn more we have to spend’
The Transport Minister says that talk that the government has €1 billion more to play with in the next Budget “gave me bad memories of Charlie McCreevy”.
View ArticleSupreme Court rejects TDs application to join promissory note challenge
Five Deputies applied to join businessman David Hall’s challenge to the payment of promissory notes, saying it was in the public interest for the case to go ahead.
View ArticleNoonan hints €1bn IBRC savings will go to repay debts
Michael Noonan thinks it would make more sense not to use the promissory note proceeds to ease the next Budget.
View ArticleRehn: Budget 2014 should not be eased after promissory note savings
The European Commissioner says the €1 billion savings should be used to eliminate Ireland’s deficit as soon as possible.
View ArticlePoll: Do you feel more positive about Ireland’s economic situation?
With the Bank Guarantee set to end next month, is Ireland’s economy finally stabilising?
View Article‘All we’re looking for is a fair deal’ – An IBRC worker on the impact of...
Since the bank formerly known as Anglo Irish Bank was liquidated last month ordinary workers have been left in the dark as to their fate and that of redundancy packages they’d agreed prior to...
View ArticleThe IMF wants Budget 2014 to ignore the promissory note deal
The Washington-based fund says we’ve completed our tenth quarterly review under the bailout, with a mixed outlook.
View ArticleColumn: Our crisis was caused by too little democracy – not by too much
One TD has launched constitutional challenge seeking to reassert the right to vote on state spending – here’s why, Vincent P Martin writes.
View Article‘I didn’t sleep very well last night’ – State to pay 75% of costs in prom...
The High Court ruled it was an exception al case which merited a departure from the normal rules on legal costs.
View ArticleHonohan told to ‘stand up to the ECB’ as Frankfurt puts the pressure on last...
In it’s annual report published yesterday, the ECB says that, “liquidation of the IBRC raises serious monetary financing concerns”.
View Article‘Greece should drop the euro – and so should Ireland’
Ballyhea Says No began marching against the Irish bailout in 2011.
View Article22 things we’ll still have, even if the ECB takes everything
These are Ireland’s REAL assets.
View ArticleJoan Collins says the Supreme Court "sided against the Irish people" in...
Earlier, the State’s highest court rejected the independent TD’s challenge to the decision to use public money to aid institutions like Anglo Irish Bank in 2010.
View Article
