Noonan: No rush on promissory notes deal

The Government is in no rush to get a deal on restructuring the €31bn promissory notes, preferring to leave it until later in the year, Finance Minister Michael Noonan said.

Discussions on drastically reducing the €3.1bn the State has committed itself to repaying every year are “going well”, according to a number of sources.

However, the issue of postponing the second repayment on Mar 31 is still wide open, the minister said. “In European affairs things go right up till the end,” he told RTÉ.