Sunday 11 December 2016

Daniel McConnell: Time is running out for Noonan to deliver debt deal

Rabbitte was misleading us when he talked of not paying the Anglo debt. It will be paid in full

Published 16/12/2012 | 05:00

Last Sunday night, on RTE's The Week in Politics, Labour Minister for Communications Pat Rabbitte categorically said the €3.1bn Promissory Note relating to the Anglo Irish Bank bailout would not be paid next March.

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"Personally I don't think it is as stark as that because we didn't pay the promissory note this year and as far as I am concerned we are not going to pay it next year. It's as simple as that," he said.

Very few people in Ireland think it's a good idea to have committed €33bn of taxpayers' money to save the carcass of a rotten bust bank, which has inflicted so much damage on the reputation of this country.

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