Promissory Notes For Votes Latest

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Guess we know who that “unnamed Irish official” official is now.

CENTRAL BANK governor Patrick Honohan is expected to raise the possibility of delaying a cash payment of €3.1 billion to the former Anglo Irish Bank on March 31st and suggest alternatives at the meeting of European Central Bank decision-makers today.

Options being considered to delay the cash payment include a payment-in-kind by way of a Government bond or another promissory note until a long-term restructuring of the notes is concluded.

Notes for notes. Totes not notes for votes.

We’ll get our cotes.

State to seek delay on €3.1bn cash payment due over Anglo (Simon Carswell and Stephen Collins, Irish Times)

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