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.

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".

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