Draghi does not shut door on easing Anglo debt burden

ECB president Mario Draghi has not shut the door on agreeing to help ease the burden of the €31bn Anglo Irish Bank promissory note bill.

The ECB has been very insistent that Ireland adhere to the agreement it made on repaying the money, which with interest would eventually cost taxpayers over €48bn.

Mr Draghi told members of the European Parliament that “the existing terms of the contract are the terms of the contract” and “contractual commitments must be met”, but promised that the ECB “will continue to reflect on the issue”.