Promissory notes deal expected

The Department of Finance expects to announce a deal on the re-negotiation of the €27 billion “Anglo” promissory notes during the troika’s visit to Ireland next week, despite a senior European Central Bank official claiming that he knows nothing about it.

A spokesperson for the Department of Finance said: “The concrete proposal is the paper on promissory notes that the troika with input from ourselves are working on. It is expected that the paper will emerge during the troika’s visit next week.”

The spokesperson added, “If the IMF, the EU Commission and the ECB form part of a proposal we would expect it will be accepted.”