IrishCentral European Central Bank - b5cc3275d518416eacb61d676e8d84d1

Truth behind the debt deal with the European Central Bank on Anglo Irish (IrishCentral)

Thu, 14 Feb 2013 04:01:34 PST

Finance Minister Michael Noonan and Minister for Public Expenditure Brendan Howlin at a press conference last Thursday What a week! You will have read about the dramatic events in Ireland last week, culminating in a deal with the European Central Bank that the government claims is a significant victory in our battle to get some of the massive debt burden we carry lifted off the nation's shoulders The deal means that our borrowing will be cut by €20 billion, the headlines said The hated annual €3 billion promissory note payments over 10 years are being replaced by a much longer 25 to 40 year repayment schedule which will significantly lessen the amount we have to repay every year That is a big relief because these promissory notes were a noose around our necks READ MORE

Enda Kenny announces deal on Anglo-Irish debt with European Central Bank (IrishCentral)

Thu, 07 Feb 2013 04:07:41 PST

By: PATRICK COUNIHAN

Irish leader Enda Kenny has announced a deal with the European Central Bank which will convert the former Anglo Irish bank debt of €28 billion into long term bonds. The interest rate will drop from 8 per cent to 3 per cent with much longer to pay.

European Central Bank says $80 billion needed to prop up Irish bank (IrishCentral)

Sun, 27 Mar 2011 05:34:41 PDT

By: CATHY HAYES

In anticipation of bank stress results next Thursday, The European Central Bank (ECB) is developing an emergency plan to support Irelands' ailing financial system, according to the Irish Times.