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Dublin: 12 °C Friday 18 April, 2014

Promissory notes

# promissory-notes - Tuesday 8 April, 2014

From Business ETC Honohan told to ‘stand up to the ECB’ as Frankfurt puts the pressure on last year’s deal Serious Concerns

Honohan told to ‘stand up to the ECB’ as Frankfurt puts the pressure on last year’s deal

In it’s annual report published yesterday, the ECB says that, “liquidation of the IBRC raises serious monetary financing concerns”.

# promissory-notes - Thursday 27 February, 2014

From TheJournal.ie ‘I didn’t sleep very well last night’ – State to pay 75% of costs in prom note case Banks

‘I didn’t sleep very well last night’ – State to pay 75% of costs in prom note case

The High Court ruled it was an exception al case which merited a departure from the normal rules on legal costs.

# promissory-notes - Monday 14 October, 2013

From TheJournal.ie Column: Our crisis was caused by too little democracy – not by too much Opinion

Column: 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.

# promissory-notes - Tuesday 18 June, 2013

From Business ETC The IMF wants Budget 2014 to ignore the promissory note deal Bailout

The 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.

# promissory-notes - Friday 22 March, 2013

From TheJournal.ie ‘All we’re looking for is a fair deal’ – An IBRC worker on the impact of liquidation Opinion

‘All we’re looking for is a fair deal’ – An IBRC worker on the impact of liquidation

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 ‘promnight’. Here, an employee speaks out…

# promissory-notes - Wednesday 27 February, 2013

From TheJournal.ie Poll: Do you feel more positive about Ireland’s economic situation? Your Say This post contains a poll

Poll: 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?

# promissory-notes - Monday 25 February, 2013

From Business ETC Rehn: Budget 2014 should not be eased after promissory note savings Promissory Note

Rehn: 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.

# promissory-notes - Friday 22 February, 2013

From Business ETC Noonan hints €1bn IBRC savings will go to repay debts Promissory Note

Noonan 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.

# promissory-notes - Wednesday 20 February, 2013

From TheJournal.ie Supreme Court rejects TDs application to join promissory note challenge Promissory Notes

Supreme 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.

From TheJournal.ie Varadkar: Promissory note saving ‘is not €1bn more we have to spend’ Budget 2014

Varadkar: 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”.

# promissory-notes - Monday 18 February, 2013

From TheJournal.ie The 5 at 5: Monday 5 At 5

The 5 at 5: Monday

5 minutes, 5 stories, 5 o’clock…

From Business ETC Draghi: ECB hasn’t yet considered whether Irish deal is legal Promissory Notes

Draghi: 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

From Business ETC German central bank says promissory note deal is ‘problematic’ Promissory Notes

German 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.

# promissory-notes - Sunday 17 February, 2013

From TheJournal.ie The 9 at 9: Sunday 9 At 9

The 9 at 9: Sunday

Good morning. Here are nine things to know before you start your day.

# promissory-notes - Thursday 14 February, 2013

From TheJournal.ie Oireachtas agenda: WW2 pardon, promissory notes and obesity Leinster House

Oireachtas agenda: WW2 pardon, promissory notes and obesity

The Operation Transformation team meet the Health committee this morning to discuss Ireland’s obesity problem.

# promissory-notes - Tuesday 12 February, 2013

From TheJournal.ie Government yet to decide how €1bn prom note windfall will be spent Budget 2014

Government 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.

From TheJournal.ie Oireachtas agenda: Promissory notes, eco-cars and horse meat Leinster House

Oireachtas 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.

# promissory-notes - Monday 11 February, 2013

From TheJournal.ie S&P improves outlook for Irish credit rating after prom note deal Credit Ratings

S&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.”

From TheJournal.ie Union meeting with IBRC liquidator over future of 800 jobs Promissory Notes

Union 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.

From Business ETC Consumer spending power to stabilise this year, improve in 2014 Spending

Consumer 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.

# promissory-notes - Sunday 10 February, 2013

From TheJournal.ie Central Bank Governor says ‘deal’ will not unravel Promissory Notes

Central Bank Governor says ‘deal’ will not unravel

Patrick Honohan said Ireland’s debt is now more sustainable than it was.

# promissory-notes - Saturday 9 February, 2013

From TheJournal.ie Column: Promissory note deal sees Fine Gael come out on top Promnight

Column: 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.

From TheJournal.ie Timeline: The 24 hours that secured the promissory note deal Prom Night

Timeline: 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…

# promissory-notes - Friday 8 February, 2013

From Business ETC Ireland’s cost of borrowing falls as NTMA formally issues new bonds Moving On Up?

Ireland’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.

From TheJournal.ie Gilmore: Change in promissory note terms is “very, very significant” Promissory Notes
From TheJournal.ie Poll: Did the government get a good deal on the promissory notes? Your Say This post contains a poll

Poll: 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?

From TheJournal.ie Businesses and financial institutions hail promissory notes deal Promissory Notes

Businesses 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.

# promissory-notes - Thursday 7 February, 2013

From The Daily Edge 22 things we’ll still have, even if the ECB takes everything Prom Night

22 things we’ll still have, even if the ECB takes everything

These are Ireland’s REAL assets.

From Business ETC Here’s how the IBRC deal takes €1bn off next year’s Budget Budget 2014

Here’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.

From Business ETC Central Bank says ECB deal will ‘contribute to financial stability’ Promissory Notes

Central 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.

From TheJournal.ie The 5 at 5: Thursday Take 5

The 5 at 5: Thursday

5 stories, 5 minutes, 5 o’clock.

From TheJournal.ie Bonds: Fianna Fáil’s ‘qualified welcome’, Sinn Féin says it will cost people €14,000 Promissory Notes

Bonds: Fianna Fáil’s ‘qualified welcome’, Sinn Féin says it will cost people €14,000

Sinn Féin’s Pearse Doherty said there will be €1 billion of interest on the bonds every year.

From TheJournal.ie As it happened: Michael Noonan and Brendan Howlin on promissory note deal Promissory Notes

As 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.

From TheJournal.ie Kenny: First payment on new Government bonds in 2038 Promissory Notes

Kenny: First payment on new Government bonds in 2038

The final payment of the bonds that replace the promissory notes will take place in 2053.

From TheJournal.ie In full: ‘The annual promissory note payments are gone’ – Enda Kenny Promissory Notes

In 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.

From TheJournal.ie TDs question lack of debate on promissory notes Promissory Notes

TDs 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.

From TheJournal.ie Draghi says ECB “took note” of IBRC liquidation Promissory Notes

Draghi says ECB “took note” of IBRC liquidation

The European Central Bank President said that no decision has been taken on the IBRC promissory note.

From TheJournal.ie Supreme Court adjourns promissory note appeal as TDs seek to join case Promissory Notes

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.

From The Daily Edge So, what if #PromNight was a real prom? Prom Night

So, what if #PromNight was a real prom?

Michael Noonan, Enda Kenny and the lads head to the Leinster House High Debs…

From TheJournal.ie Ireland and the ECB reach a deal on promissory note – report Promissory Notes

Ireland and the ECB reach a deal on promissory note – report

“We have not received formal confirmation of precisely what is to be agreed,” Ruairí Quinn told the Dáil.

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