What next for Promissory Notes?

Tony Connelly, Europe Editor, in Copenhagen The government is putting the best gloss it can on the Anglo promissory notes deal, but opinion is divided as to how much has been achieved. The exchequer doesn’t have to find €3.06 billion immediately, and it can potentially ease the state’s return to the bond markets in early 2014. On the other hand the deal will still cost the state €90m in costs, and it will have to be revisited in one year’s time. …

Anglo "promissory notes" dilemma enters critical phase

By Tony Connelly,  Europe Editor Across Europe, news organisations will be preparing to cover the Irish referendum on the fiscal stability treaty. It’s never been an easy topic for the uninitiated: in the past correspondents have had to grapple with complex and emotive campaign issues like whether or not the Lisbon Treaty (or the Nice Treaty for that matter) would force conscription on young Irish males, take away Ireland’s right to prohibit abortion, or force us to increase our corporate …