Ireland eyes cheaper instruments to replace Anglo IOUs
DUBLIN Feb 7 (Reuters) - Ireland wants to introduce cheaper, longer term instruments to replace promissory notes used to prop up failed lender Anglo Irish Bank, Prime Minister Enda Kenny said on Thursday.
"We're committed to replacing short term emergency central bank lending secured against the promissory notes used by the previous Irish government to bail out the worst Irish banks with longer term and more affordable financing," Kenny told a special session of parliament.
- Israel warns of long Gaza war as Palestinian fighters cross border |
- West agrees wider Russia sanctions as Kiev says forces near crash site |
- Court orders Russia to pay $50 billion for seizing Yukos assets |
- Man found dead trapped between elevator and shaft wall in NYC
- Wall Street yawns as deal news offsets data; Herbalife sinks