If the ECB is eager to do a deal – what happens next?

By Paul Cunningham, Europe Correspondent, in Nicosia It now appears inevitable that the Government will reach a deal with the European Central Bank on lowering the cost to the taxpayer of the highly-expensive Anglo Irish Bank promissory note scheme. ECB Executive Board member Jorg Asmussen has spoken publicly about how its officials are working under “heavy time pressure” to finalise an agreement. Minister for Finance Michael Noonan told journalists in Nicosia that the ECB was “more eager now to move …