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Tánaiste Eamon Gilmore will address world leaders – including Angela Merkel – in Chile today as hopes for a deal on Ireland’s bank debt took a blow last night and the opposition criticised the government’s lack of openness.
The Tánaiste believes negotiations with the ECB to avert the next €3.06 billion repayment will be finished in time.
In a wide-ranging interview with RTÉ, the Taoiseach also said that he was “not in the business of providing abortion on demand” and said the Anglo promissory note would be restructured.
Central Bank governor Patrick Honohan was before the Oireachtas Finance committee this afternoon.
The only one of Ireland’s main banks not under State control makes the final payment to bondholders today bringing to over €20 billion the amount paid out by it and other banks this year.
Pat Rabbitte has said Ireland won’t make the €3billion payment. But the real situation is much bleaker, writes Sarah McCabe.
Breaking via The Mire wire: Kerry priest tells children there is no God; Government pledge to help homeowners become homeless; Craig Doyle = why?
The Minister says he is confident of winning over the European Central Bank on the matter before March.
The government is trying to do a deal on Anglo debt to avoid having to pay the €3 billion in March -but the ECB is warning that it may not be possible.
The independent TD tells TheJournal.ie that Government ministers are in denial about the depth of our crisis.
But Kenny said the Government is seeking a new deal that is like “a replacement of a bank overdraft with a very long term mortgage”.
Fianna Fáil and Sinn Féin both criticise Noonan and Howlin for failing to extract public commitments from the German minister.
Michael Noonan and Brendan Howlin meet with Wolfgang Schauble at Farmleigh House in Dublin today where discussions on Ireland’s legacy bank debt are sure to come up.
Here are the things we learned, shared and loved today.
Shareholders at the bank voted overwhelmingly in favour of the deal that was first announced by the Finance Minister in March.
Tax revenues of €8.72 billion are over 10 per cent ahead of end-March profiles with increases in income, corporation and VAT intakes.
Your essential news round-up from the day’s main happenings, plus the little bits you may have missed.
Patrick Honohan is due to answer questions over the Anglo Irish promissory note repayment and the emergency liquidity provided to banks during the crisis.
“Take off like a rocket”
Meanwhile, Olli Rehn dashes any hopes of avoiding paying the €3.1 bn promissory note due on 31 March.