Bank debt deal hopes dashed

Hopes for a deal to ease Ireland’s bank debt before the Budget have been dashed with the Taoiseach hinting it could be the new year before it takes effect.

Bank debt deal hopes dashed
Thu, 04 Oct, 2012 - 21:04

Hopes for a deal to ease Ireland’s bank debt before the Budget have been dashed with the Taoiseach hinting it could be the new year before it takes effect.

Original plans to restructure the country’s bailout payments to the Troika by the end of this month were delayed, with Finance Minister Michael Noonan admitting he was aiming for a resolution by December 5.

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