Business ETC uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Click here to find out more »
Dublin: 13 °C Saturday 25 May, 2013

Promissory Note

# promissory-note - Saturday 2 March, 2013

From TheJournal.ie Prom Night This post contains videos

Gerry Adams: There were some TDs intoxicated on night of promissory note debate

The Sinn Fein president told TheJournal.ie this week that while the “vast majority of TDs probably don’t take a sup at all” there were some who were drunk during the debate on legislation to liquidate IBRC.

# promissory-note - Monday 25 February, 2013

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-note - Sunday 24 February, 2013

From TheJournal.ie Opinion

Column: Croke Park talks show there is no ease up on austerity

Trumpeting their success with the promissory note last week, up against the unions this week. We are not out of the woods yet, not by a long shot, writes Kieran Allen.

# promissory-note - Saturday 23 February, 2013

From TheJournal.ie Opinion

Column: The correct handling of the promissory note savings is vital for Ireland

The knowledge that there is now €1 billion of wiggle room on the table could promote further reluctance to change, writes Aaron McKenna.

# promissory-note - Friday 22 February, 2013

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-note - Wednesday 20 February, 2013

From TheJournal.ie 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-note - Monday 18 February, 2013

From TheJournal.ie Opinion

Column: Promissory note deal savings should be spent on relieving youth unemployment

The generation suffering the most from the current debt crisis is the same one which will be approaching retirement in 35 years when the promissory note debt matures, writes Dan Hayden.

# promissory-note - Sunday 17 February, 2013

From TheJournal.ie Micheál Martin This post contains videos

Video: ‘I’m not ruling anything out’ – Micheál Martin on Fine Gael or Sinn Féin coalition

The Fianna Fáil leader also explained why his party didn’t introduce a property tax when in government and outlined his views on social media in a wide-ranging interview with TheJournal.ie this week.

# promissory-note - Wednesday 13 February, 2013

From TheJournal.ie Promissory Note This post contains videos

Video: Noonan accuses Donnelly of ‘lying’, quickly withdraws remark

A debate on the promissory note arrangement saw sharp exchanges between the independent TD and the Finance Minister last night.

# promissory-note - Saturday 9 February, 2013

From TheJournal.ie 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 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-note - Friday 8 February, 2013

From TheJournal.ie Opinion

Column: Was the liquidation of IBRC necessary?

Let’s hope IBRC’s liquidation can ultimately be justified – because this type of rush-job smacks of the panicked decisions made in 2008, writes Sarah McCabe.

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.

# promissory-note - Thursday 7 February, 2013

From TheJournal.ie Opinion

Column: Will the young pay for the sins of the old under the promissory note deal?

The restructured debt obligation will give the Government fiscal space and breathing room. Whether this benefits the young depends on what they do with that time, writes Sam Brazys.

From TheJournal.ie Take 5

The 5 at 5: Thursday

5 stories, 5 minutes, 5 o’clock.

From TheJournal.ie 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 TheJournal.ie Promissory Notes

Explainer: What happened last night? Why was IBRC liquidated? What happens now?

Why on earth were the Dáil and Seanad sitting until the small hours of this morning? This might help…

From TheJournal.ie Promissory Note

Noonan: IBRC bill brought through due to “immediate risk” to bank

The Finance Minister also said that there “is no deal” with the ECB at this point.

From TheJournal.ie Prom Night

TDs vote to liquidate IBRC in dramatic late-night Dáil sitting

TDs voted by 113 votes to 35 to wind down the former Anglo, laying off its employees with immediate effect.

From TheJournal.ie Prom Night This post contains videos

LIVE: Seanad debates legislation to liquidate IBRC

Watch live from the Seanad Chamber as members deliberate on whether to immediately wind down the former Anglo.

From TheJournal.ie Prom Night

Here’s how every TD voted on the Bill to liquidate IBRC

Here’s the total voting chart for how the Dáil divided on its final decision to liquidate the former Anglo Irish Bank.

From TheJournal.ie Prom Night

As it happened: Dáil approves Bill to liquidate IBRC

Catch up with text commentary from the Dáil as TDs voted to wind up the former Anglo.

# promissory-note - Wednesday 6 February, 2013

From TheJournal.ie Your Say This post contains a poll

Poll: Do you support swapping the promissory note for long-term bonds?

The government wants to issue long-term bonds to get rid of the IBRC promissory notes. What do you think?

From TheJournal.ie Ibrc

President Higgins returning to Ireland to consider IBRC legislation

Michael D Higgins has interrupted a trip to Italy to make himself available if the Oireachtas passes an IBRC bill tonight.

From TheJournal.ie Ibrc

Chief Whip says leaking of elements of IBRC plan is ‘unfortunate’

Paul Kehoe: “The Minister for Finance has taken action to secure the stability of IBRC in the face of these leaks.”

From TheJournal.ie Promissory Note

Dáil to sit at 10:30pm to debate emergency legislation on liquidating IBRC

TDs will reconvene after 10pm tonight to discuss plans to transfer IBRC’s assets to NAMA – as part of a deal to replace the promissory notes with long-term Government bonds.

From TheJournal.ie Opinion

Column: Legal uncertainty of promissory notes is a powerful bargaining tool

The looming payment deadline for the next €3.06 billion promissory note instalment is at the centre of discussions – but the legality of this debt is not being properly considered, writes Andy Storey.

# promissory-note - Monday 4 February, 2013

From TheJournal.ie Wrote You A Letter

Read in full: Mario Draghi’s letter to Fianna Fáil’s Michael McGrath

The Fianna Fáil finance spokesperson has called on Michael Noonan to hold face-to-face negotiations with the European Central Bank president after he wrote to him last month.

# promissory-note - Sunday 3 February, 2013

From TheJournal.ie Promissory Notes

Everything you need to know about the promissory notes, but were afraid to ask

You have been and will be hearing a lot about promissory notes in the coming weeks but what’s it all about? We’ve taken your questions, come up with some of our own and asked the experts…

# promissory-note - Saturday 2 February, 2013

From TheJournal.ie Debt

Ireland still has 39% chance of defaulting, says Government’s budget adviser

Professor John McHale, the chairman of the Irish Fiscal Advisory Council, said Ireland has made huge progress – but is not out of the woods yet.

# promissory-note - Friday 1 February, 2013

From TheJournal.ie Promissory Note

Technical Group to force Dáil vote on promissory note repayment

15 TDs, led by Shane Ross, have tabled a motion calling for a public assertion that Ireland won’t make the next repayment.

# promissory-note - Thursday 31 January, 2013

From TheJournal.ie Promissory Notes

Challenge to promissory notes dismissed, court says TD could bring case

The Dublin businessman David Hall had taken a case against the State arguing that the issuing of the €31 billion promissory notes to the former Anglo Irish Bank is illegal as there was no Dáil vote.

# promissory-note - Monday 28 January, 2013

From TheJournal.ie Open Thread

Open thread: What do you want to know about the promissory notes issue?

It’s back on the agenda as the Irish government seeks a deal to avoid paying back €3.06 billion due in March, but what do you want to know about those pesky promissory notes?

# promissory-note - Sunday 27 January, 2013

No agreement but bank debt deal talks will continue, Ministers insist

Leo Varadkar and Pat Rabbitte have both insisted that the discussions on reducing the burden of Ireland’s bank debt will continue despite a report that the ECB had rejected a key Irish government proposal.

Failure on debt deal would have ‘catastrophic effect on Ireland’ – Tánaiste

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.

# promissory-note - Sunday 20 January, 2013

Gilmore expects promissory note deal before next payment is due

The Tánaiste believes negotiations with the ECB to avert the next €3.06 billion repayment will be finished in time.

From TheJournal.ie Enda On TV

Public sector pay cuts not ruled out, increments on the table – Taoiseach

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.

# promissory-note - Wednesday 16 January, 2013

From TheJournal.ie Insolvency

Central Bank governor believes there will be ‘permanent loan modifications’

Central Bank governor Patrick Honohan was before the Oireachtas Finance committee this afternoon.

# promissory-note - Friday 28 December, 2012

From TheJournal.ie Bondholders

In last bondholder payment of 2012, BoI pays out nearly €40 million

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.

1 2