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Anglo deadline moved to March

ANGLO'S promissory notes deal deadline has been pushed out to March, Finance Minister Michael Noonan said.

The hot topic about whether Ireland might get the €31bn to replace the money it put into its banks is still unresolved.

The new ESM rescue fund was officially launched in Luxembourg yesterday but managing director, Klaus Regling said that the fund may not provide money for countries to cover existing legacy bank debts.

Mr Noonan indicated that there is no instant fix as to where he would find the money to ease the country's debt management.

The next payment of more than €3bn is due in March.