Plenty of ‘goodwill’ but still no deal on €32bn Anglo debt

A deal on the country’s €32bn worth of Anglo Irish promissory notes appeared to be no closer as ECB president Mario Draghi failed to offer hope of a imminent solution following the bank’s governing council meeting.

However, he did not shut the door completely on securing a deal in the future or recapitalising the additional €32bn Ireland put into its pillar banks, when he was asked after the meeting in Frankfurt.

And Finance Minister Michael Noonan said he’s “pretty confident” of reaching an agreement to allow the State avoid a €3.1bn payment due to the former Anglo Irish Bank next year.