Post by corrupteire on Aug 31, 2012 11:16:14 GMT -5
ECB president: ‘No plans to make a deal on promissory notes’
ECB PRESIDENT Mario Draghi has given the clearest public indication yet that the European Central Bank is unwilling to allow a renegotiation of the Anglo Irish Bank promissory notes.
Addressing MEPs at a committee meeting in Brussels, Draghi firmly rebuffed appeals that the ECB allow a renegotiation of the Anglo notes, as part of a programme which would loosen cash restrictions within the Irish government.
Asked specifically if the ECB “plans to do anything about the existing terms of the contract”, Draghi flatly responded: “The answer is no.
businessetc.thejournal.ie/ecb-president-no-plans-to-make-a-deal-on-promissory-notes-428779-Apr2012/
ECB PRESIDENT Mario Draghi has given the clearest public indication yet that the European Central Bank is unwilling to allow a renegotiation of the Anglo Irish Bank promissory notes.
Addressing MEPs at a committee meeting in Brussels, Draghi firmly rebuffed appeals that the ECB allow a renegotiation of the Anglo notes, as part of a programme which would loosen cash restrictions within the Irish government.
Asked specifically if the ECB “plans to do anything about the existing terms of the contract”, Draghi flatly responded: “The answer is no.
businessetc.thejournal.ie/ecb-president-no-plans-to-make-a-deal-on-promissory-notes-428779-Apr2012/