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Dublin: 12 °C Thursday 20 June, 2019

#Promissory Note

From TheJournal.ie Noonan named as Europe's Finance Minister of the Year by 'The Banker' Top Dog

Noonan named as Europe's Finance Minister of the Year by 'The Banker'

The Financial Times’ magazine said that Noonan was awarded the accolade because of his “extraordinary progress” since taking the job in 2011.

From TheJournal.ie Gilmore: It was never an option to renege on promissory note deal Burn The Bondholders

Gilmore: It was never an option to renege on promissory note deal

Burning the bondholders would be “akin to sovereign default” Eamon Gilmore told the Dáil this morning and said the issue of the promissory note has been “resolved”.

From TheJournal.ie Motion to 'burn the bondholders' defeated in Dáil vote Bondholders

Motion to 'burn the bondholders' defeated in Dáil vote

The motion was defeated by 77 votes to 40 in the Dáil this evening with Sinn Fein and Independents supporting it and Fine Gael and Labour in opposition.

From TheJournal.ie High Court dismisses TD's challenge to Anglo promissory note deal Pro Note

High Court dismisses TD's challenge to Anglo promissory note deal

Joan Collins TD had claimed that the deal was unconstitutional because it gave the Minister for Finance open ended power to approve the payments without Dáil approval.

From TheJournal.ie NERI publishes alternative approach to Ireland's budgetary policies Budget

NERI publishes alternative approach to Ireland's budgetary policies

The economic institute says using the promissory note savings, investing in a stimulus package and taxing the top 10 per cent of earners could reduce the government deficit to 3 per cent by 2015.

From TheJournal.ie Gerry Adams: There were some TDs intoxicated on night of promissory note debate Prom Night This post contains videos

Gerry Adams: There were some TDs intoxicated on night of promissory note debate

The Sinn Fein president told TheJournal.ie this week that while the “vast majority of TDs probably don’t take a sup at all” there were some who were drunk during the debate on legislation to liquidate IBRC.

From TheJournal.ie Rehn: Budget 2014 should not be eased after promissory note savings Promissory Note

Rehn: Budget 2014 should not be eased after promissory note savings

The European Commissioner says the €1 billion savings should be used to eliminate Ireland’s deficit as soon as possible.

From TheJournal.ie Column: Croke Park talks show there is no ease up on austerity Opinion

Column: Croke Park talks show there is no ease up on austerity

Trumpeting their success with the promissory note last week, up against the unions this week. We are not out of the woods yet, not by a long shot, writes Kieran Allen.

From TheJournal.ie Column: The correct handling of the promissory note savings is vital for Ireland Opinion

Column: The correct handling of the promissory note savings is vital for Ireland

The knowledge that there is now €1 billion of wiggle room on the table could promote further reluctance to change, writes Aaron McKenna.

From TheJournal.ie Noonan hints €1bn IBRC savings will go to repay debts Promissory Note

Noonan hints €1bn IBRC savings will go to repay debts

Michael Noonan thinks it would make more sense not to use the promissory note proceeds to ease the next Budget.

From TheJournal.ie Varadkar: Promissory note saving 'is not €1bn more we have to spend' Budget 2014

Varadkar: Promissory note saving 'is not €1bn more we have to spend'

The Transport Minister says that talk that the government has €1 billion more to play with in the next Budget “gave me bad memories of Charlie McCreevy”.

From TheJournal.ie Column: Promissory note deal savings should be spent on relieving youth unemployment Opinion

Column: Promissory note deal savings should be spent on relieving youth unemployment

The generation suffering the most from the current debt crisis is the same one which will be approaching retirement in 35 years when the promissory note debt matures, writes Dan Hayden.

From TheJournal.ie Video: 'I'm not ruling anything out' - Micheál Martin on Fine Gael or Sinn Féin coalition Micheál Martin This post contains videos

Video: 'I'm not ruling anything out' - Micheál Martin on Fine Gael or Sinn Féin coalition

The Fianna Fáil leader also explained why his party didn’t introduce a property tax when in government and outlined his views on social media in a wide-ranging interview with TheJournal.ie this week.

From TheJournal.ie Video: Noonan accuses Donnelly of 'lying', quickly withdraws remark Promissory Note This post contains videos

Video: Noonan accuses Donnelly of 'lying', quickly withdraws remark

A debate on the promissory note arrangement saw sharp exchanges between the independent TD and the Finance Minister last night.

From TheJournal.ie Column: Promissory note deal sees Fine Gael come out on top Promnight

Column: Promissory note deal sees Fine Gael come out on top

The response to the promissory note deal has ranged from muted in the case of Fianna Fáil to outrage from Sinn Féin and the Independents – so what does this deal mean for Fine Gael, asks Gary Murphy.

From TheJournal.ie Timeline: The 24 hours that secured the promissory note deal Prom Night

Timeline: The 24 hours that secured the promissory note deal

It was dramatic, chaotic, uncertain and very confusing as Ireland struck a deal to tear up the promissory notes and repay Anglo’s debts over a longer period. Here’s how it unfolded…

From TheJournal.ie Column: Was the liquidation of IBRC necessary? Opinion

Column: Was the liquidation of IBRC necessary?

Let’s hope IBRC’s liquidation can ultimately be justified – because this type of rush-job smacks of the panicked decisions made in 2008, writes Sarah McCabe.

From TheJournal.ie Ireland's cost of borrowing falls as NTMA formally issues new bonds Moving On Up?

Ireland's cost of borrowing falls as NTMA formally issues new bonds

The body that manages Irish debt has formally issued new bonds to replace the promissory notes.

From TheJournal.ie Column: Will the young pay for the sins of the old under the promissory note deal? Opinion

Column: Will the young pay for the sins of the old under the promissory note deal?

The restructured debt obligation will give the Government fiscal space and breathing room. Whether this benefits the young depends on what they do with that time, writes Sam Brazys.

From TheJournal.ie The 5 at 5: Thursday Take 5

The 5 at 5: Thursday

5 stories, 5 minutes, 5 o’clock.

From TheJournal.ie Supreme Court adjourns promissory note appeal as TDs seek to join case Promissory Notes

Supreme Court adjourns promissory note appeal as TDs seek to join case

David Hall says his case concerns issues wider than that of the €3.06 billion payment due in March that now appears unlikely following the liquidation of IBRC overnight.

From TheJournal.ie Explainer: What happened last night? Why was IBRC liquidated? What happens now? Promissory Notes

Explainer: What happened last night? Why was IBRC liquidated? What happens now?

Why on earth were the Dáil and Seanad sitting until the small hours of this morning? This might help…

From TheJournal.ie Noonan: IBRC bill brought through due to "immediate risk" to bank Promissory Note

Noonan: IBRC bill brought through due to "immediate risk" to bank

The Finance Minister also said that there “is no deal” with the ECB at this point.

From TheJournal.ie TDs vote to liquidate IBRC in dramatic late-night Dáil sitting Prom Night

TDs vote to liquidate IBRC in dramatic late-night Dáil sitting

TDs voted by 113 votes to 35 to wind down the former Anglo, laying off its employees with immediate effect.

From TheJournal.ie LIVE: Seanad debates legislation to liquidate IBRC Prom Night This post contains videos

LIVE: Seanad debates legislation to liquidate IBRC

Watch live from the Seanad Chamber as members deliberate on whether to immediately wind down the former Anglo.

From TheJournal.ie Here’s how every TD voted on the Bill to liquidate IBRC Prom Night

Here’s how every TD voted on the Bill to liquidate IBRC

Here’s the total voting chart for how the Dáil divided on its final decision to liquidate the former Anglo Irish Bank.

From TheJournal.ie As it happened: Dáil approves Bill to liquidate IBRC Prom Night

As it happened: Dáil approves Bill to liquidate IBRC

Catch up with text commentary from the Dáil as TDs voted to wind up the former Anglo.

From TheJournal.ie Poll: Do you support swapping the promissory note for long-term bonds? Your Say This post contains a poll

Poll: Do you support swapping the promissory note for long-term bonds?

The government wants to issue long-term bonds to get rid of the IBRC promissory notes. What do you think?

From TheJournal.ie President Higgins returning to Ireland to consider IBRC legislation Ibrc

President Higgins returning to Ireland to consider IBRC legislation

Michael D Higgins has interrupted a trip to Italy to make himself available if the Oireachtas passes an IBRC bill tonight.

From TheJournal.ie Here’s the schedule for the Dáil’s late-night IBRC sitting Ibrc

Here’s the schedule for the Dáil’s late-night IBRC sitting

It’ll be a late one in the Dail.

From TheJournal.ie Chief Whip says leaking of elements of IBRC plan is ‘unfortunate’ Ibrc

Chief Whip says leaking of elements of IBRC plan is ‘unfortunate’

Paul Kehoe: “The Minister for Finance has taken action to secure the stability of IBRC in the face of these leaks.”

From TheJournal.ie Dáil to sit at 10:30pm to debate emergency legislation on liquidating IBRC Promissory Note

Dáil to sit at 10:30pm to debate emergency legislation on liquidating IBRC

TDs will reconvene after 10pm tonight to discuss plans to transfer IBRC’s assets to NAMA – as part of a deal to replace the promissory notes with long-term Government bonds.

From TheJournal.ie Column: Legal uncertainty of promissory notes is a powerful bargaining tool Opinion

Column: Legal uncertainty of promissory notes is a powerful bargaining tool

The looming payment deadline for the next €3.06 billion promissory note instalment is at the centre of discussions – but the legality of this debt is not being properly considered, writes Andy Storey.

From TheJournal.ie Read in full: Mario Draghi’s letter to Fianna Fáil’s Michael McGrath Wrote You A Letter

Read in full: Mario Draghi’s letter to Fianna Fáil’s Michael McGrath

The Fianna Fáil finance spokesperson has called on Michael Noonan to hold face-to-face negotiations with the European Central Bank president after he wrote to him last month.

From TheJournal.ie Everything you need to know about the promissory notes, but were afraid to ask Promissory Notes

Everything you need to know about the promissory notes, but were afraid to ask

You have been and will be hearing a lot about promissory notes in the coming weeks but what’s it all about? We’ve taken your questions, come up with some of our own and asked the experts…

From TheJournal.ie Ireland still has 39% chance of defaulting, says Government's budget adviser Debt

Ireland still has 39% chance of defaulting, says Government's budget adviser

Professor John McHale, the chairman of the Irish Fiscal Advisory Council, said Ireland has made huge progress – but is not out of the woods yet.

From TheJournal.ie Technical Group to force Dáil vote on promissory note repayment Promissory Note

Technical Group to force Dáil vote on promissory note repayment

15 TDs, led by Shane Ross, have tabled a motion calling for a public assertion that Ireland won’t make the next repayment.

From TheJournal.ie Challenge to promissory notes dismissed, court says TD could bring case Promissory Notes

Challenge to promissory notes dismissed, court says TD could bring case

The Dublin businessman David Hall had taken a case against the State arguing that the issuing of the €31 billion promissory notes to the former Anglo Irish Bank is illegal as there was no Dáil vote.

From TheJournal.ie Open thread: What do you want to know about the promissory notes issue? Open Thread

Open thread: What do you want to know about the promissory notes issue?

It’s back on the agenda as the Irish government seeks a deal to avoid paying back €3.06 billion due in March, but what do you want to know about those pesky promissory notes?

From TheJournal.ie No agreement but bank debt deal talks will continue, Ministers insist Promissory Notes

No agreement but bank debt deal talks will continue, Ministers insist

Leo Varadkar and Pat Rabbitte have both insisted that the discussions on reducing the burden of Ireland’s bank debt will continue despite a report that the ECB had rejected a key Irish government proposal.

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