Wednesday 23 May 2018

Laura Noonan: Getting the troika's support on a banks package is just a first step

THE work in darkened smoky rooms is nearing an end. After months of discussions, officials from the European Central Bank, the European Commission and the International Monetary Fund are close to agreement on yet another masterplan for Irish banking.

This will go further than restructuring the burden of Anglo Irish Bank's infamous €31bn debt.

The 'Financial Measures Enhancement' package will also deal with the sticky matter of AIB and Permanent TSB's unprofitable tracker mortgages and the broader future of Permanent TSB.

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