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.
- Japan expands army footprint for first time in 40 years, risks angering China
- Deadly gun attack in eastern Ukraine shakes fragile Easter truce |
- Prosecutors extend Korea ferry captain's detention as death toll mounts |
- South Korea recovers first bodies from inside sunken ferry
- South Korea recovers first bodies from inside sunken ferry |