Irish PM to address parliament on bank debt deal
DUBLIN (Reuters) - Ireland's prime minister will make a statement in parliament on the bank debt deal Dublin agreed with the European Central Bank on Thursday before 1500 GMT, a government spokesman said.
ECB President Mario Draghi told the bank's monthly news conference that the monetary authority's General Council "took note" of Ireland's plans to ease the burden of its bank related debt after 18 months of talks.
Under the plan, first reported by Reuters, 28 billion euros in promissory notes pumped into the failed Anglo Irish Bank will be replaced with long-term government bonds, meaning that Ireland can make more gradual repayments.
(Reporting by Padraic Halpin)
- White House reverses, says Obama met uncle and lived with him during law school
- Flights delayed as air pollution hits record in Shanghai
- South Africa mourns Mandela, will bury him on December 15 |
- Analysis: Boeing bidders dangle goodies to win 777X jetliner
- RPT-UPDATE 1-Ford leans on global Mustang to burnish overseas image
Nelson Mandela: 1918 - 2013
Reuters looks at the life and times of Nelson Mandela, an icon of peace and reconciliation who came to embody the struggle for justice around the world. Video