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. …