Rehn: Ireland must respect commitment on promissory notes

Rehn: Ireland must respect commitment on promissory notes

A blow has been dealt this evening, to Ireland's chances of rescheduling repayments on €31bn worth of Anglo promissory notes.

The Wallstreet Journal is reporting that European Economic Affairs Minister Olli Rehn has said that Ireland should respect its commitments and obligations, ruling out a postponement of the payments.

He was speaking after a meeting of EU Finance Ministers in Brussels today.

The first €3.1bn installment is due on March 31.

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