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Friday 19 September 2014

Central Bank confident of deal with ECB on State's €31bn Anglo debt

Published 09/12/2012 | 05:00

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THE Governor of the Central Bank, Patrick Honohan, has said he is confident that Ireland will be able to secure a deal with the ECB to restructure the €31bn promissory notes that were used to recapitalise the former Anglo Irish Bank. He said he hoped the deal would be concluded ahead of the next repayment of €3.1bn, which falls due in March.

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"The planned repayment of the European Central Bank's aid comes at the wrong time," Mr Honohan told the German newspaper, Frankfurter Allgemeine Zeitung.

"The Government is trying to win back trust on the debt market and the current repayment plan is complicating this. Of course, the money will be paid, but it should happen over a longer time frame," he added."

Farmers seek review of Glanbia deal

A group of farmers have raised concerns about a deal with Glanbia that would see farmer shareholders get €10,000 each in return for giving up their controlling stake in the agri-business.

They are calling for an independent review of the deal in advance of a second ballot on Wednesday, claiming that the process is flawed. More than 80 per cent of farmers backed the deal in an initial ballot last month. It later emerged that the number of votes cast exceeded the number of eligible voters by 32, which was attributed to human error. A small group of farmers who voted against the deal now claim that there were other flaws in the balloting process.

Despite the voting irregularities in last month's ballot, Glanbia said the majority result stands.

Belfast protesters burn Tricolour

Protesters burned a Tricolour in front of Belfast's City Hall yesterday as hundreds of loyalists gathered to protest about the removal of the Union Jack from its flagpole.

Despite appeals from unionist politicians, police and traders, demonstrators gathered in the city centre on one of the busiest shopping days of the year to vent their anger.

Hundreds of riot police ringed the city centre to deal with any violence after another night of sporadic rioting.

Assault victim suffers head injuries

A 21-year-old man is being treated for serious head injuries in Beaumont Hospital after an assault in Temple Bar, Dublin. Gardai in Pearse Street are appealing for information following an altercation in Essex Street involving two groups of youths in the early hours of Saturday.

Abortion-rights campaign launched

Over 200 pro-choice campaigners met in Dublin's Gresham Hotel yesterday to launch a campaign for abortion rights in Ireland. "It is clear that there is a strong need for a co-ordinated and active national pro-choice campaign. We've already waited too long," said Aoife Dermody, one of the organisers.

Lotto numbers in €3.58m draw

The numbers drawn in last night's Lotto, worth €3,583,097 were 8, 11, 20, 34, 36 and 42 (bonus 7). The Lotto Plus 1, worth €350,000, numbers were 12, 14, 18, 20, 33 and 35 (bonus 44) and the numbers for the Lotto Plus 2, worth €250,000, were 5, 12, 13, 35, 36 and 42 (bonus 7).

Gardai quiz six in Kelly murder probe

Gardai were last evening questioning four men and two women arrested in a series of early-morning raids on homes in Dublin as part of inquiries into the murder of the veteran crime figure Eamon Kelly. The arrests followed the appearance in the Special Criminal Court of 34-year-old Sean Connolly, of Bernard Curtis House, Bluebell, Dublin, on charges of murdering Kelly, possession of a handgun and membership of the IRA.

The four men and two women, who are aged from their mid 20s to early 40s, were being questioned at Coolock, Ballymun and Raheny garda stations. Mr Connolly will next appear before the court via video-link on December 20.

Eamon Kelly, 65, who had served terms of imprisonment for possession of cocaine and assault causing harm, was shot dead near his home in Killester on Tuesday afternoon.

Analysis, Page 10

Lough Rynn Castle's debts hit €1.4m

Lough Rynn Castle – the luxury Leitrim hotel where Brian O'Driscoll and Amy Huberman married – has reported losses of €87,000 for the year 2011 and now has accumulated debts of over €1.4m.

"The company has been dependent upon the ability of former director Alan Hanly to continue providing interest-free loans to the company," says its annual accounts, which reveal that so far Mr Hanly has advanced loans of €627,537 to the luxury estate. The accounts were filed this week.

Mourners say final farewell to O'Reilly

The funeral took place yesterday of Tony O'Reilly of Bray, Co Wicklow, former Group Director of Human Resources at Independent Newspapers (Ireland) Ltd. Mr O'Reilly, who is survived by his sons Colum and Ian, died last Wednesday.

"Independent Newspapers and all those lucky enough to have known him gained from his wisdom, humanity and loyalty and owe him a huge debt," said managing director Declan Carlyle.

Poet Hutchinson leaves €84,616

The well-known poet Pearse Hutchinson, of Rathgar Road, Dublin, who died on January 14, 2012, has left €84,616 in his will. Other wills: Morgan Sheehy, a farmer of Ballygarvan, Co Cork, left €1,711,552; Mary (Wendy) Odlum of Tudor Lawns, Foxrock, Dublin, left €1,543,494; Mary Foster, a retired sales representative of Balally Drive, Dundrum, Dublin, left €1,063,198; and Gae Dempster of Seafield Avenue, Monkstown, Co Dublin, left €945,915.

The value of wills includes property, including the family home, and should not be regarded as cash amounts.

Sunday Independent

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