Honohan confident of deal on promissory notes

The Governor of the Central Bank has said he is hopeful of a successful renegotiation of promissory notes payable to the former Anglo Irish Bank.

Patrick Honohan today told the Joint Oireachtas Committee on Finance, Public Expenditure and Reform tthat the €31.bn payment due at the end of this week - and others due over the next 10-year period - are a "risk to financial stability".