Rabbitte plays down Anglo €3bn note payment

A second minister has indicated the Government does not intend paying a €3bn Anglo promissory note due next year.

Communications Minister Pat Rabbitte said the Government could not afford to pay the IOU and that it was a deal agreed by the former administration.

In 2010, the Fianna Fáil-led administration agreed to pay €31bn to the now defunct Anglo Irish Bank and Irish Nationwide in promissory notes.