# promissory-notes - Tuesday 8 April, 2014
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
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
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
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
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
With the Bank Guarantee set to end next month, is Ireland’s economy finally stabilising?
# promissory-notes - Monday 25 February, 2013
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
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
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.
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
Mario Draghi tells MEPs that the European Central Bank only checks ‘monetary financing’ operations once a year
In its monthly report the Bundesbank says the deal illustrates problematic overlaps between fiscal and monetary policy.
# promissory-notes - Sunday 17 February, 2013
Good morning. Here are nine things to know before you start your day.
# promissory-notes - Thursday 14 February, 2013
The Operation Transformation team meet the Health committee this morning to discuss Ireland’s obesity problem.
# promissory-notes - Tuesday 12 February, 2013
Enda Kenny says it’s only six weeks into the year – and too early to predict the promissory note impact on Budget 2014.
Simon Coveney will take ministerial questions in the Dáil today as the horse meat controversy rages on.
# promissory-notes - Monday 11 February, 2013
The contracts of some 800 workers in Ireland were essentially terminated when the government decided to liquidate the bank last week.
Working households with mortgages will see the greatest growth in spending power while unemployed households will fare worst.
# promissory-notes - Sunday 10 February, 2013
Patrick Honohan said Ireland’s debt is now more sustainable than it was.
# promissory-notes - Saturday 9 February, 2013
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.
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
The body that manages Irish debt has formally issued new bonds to replace the promissory notes.
The Tánaiste said that
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?
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
These are Ireland’s REAL assets.
The Department of Finance has put together these figures to illustrate the benefit to Budgets 2014 and 2015.
The independent body, which takes over ownership of the promissory notes in the deal, welcomes the moves.
Sinn Féin’s Pearse Doherty said there will be €1 billion of interest on the bonds every year.
The two Ministers will be holding a press conference from 4pm about the promissory note agreement. Let’s see what they have to say.
The final payment of the bonds that replace the promissory notes will take place in 2053.
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.
Deputies Micheál Martin and Peadar Tóibín both criticised the lack of facility for debate on the issue in the Dáil today.
The European Central Bank President said that no decision has been taken on the IBRC promissory note.
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.
Michael Noonan, Enda Kenny and the lads head to the Leinster House High Debs…
“We have not received formal confirmation of precisely what is to be agreed,” Ruairí Quinn told the Dáil.