Newstalk
Newstalk

12.42 10 Dec 2012


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Pressure is mounting on the government to clarify its stance on the thorny issue of the Anglo Irish Bank promissory note.

€3.5 billion is due to be paid in March 2013 but there is a question mark over whether that will happen after the Communications Minister admitted he has doubts over whether the government will hand over the payment because we deferred the last installment due. 

Long-term government bonds were chosen instead last March.

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Minister would support move

Meanwhile the Transport Minister Leo Varadkar says he would fully support the non-payment of the next Anglo Irish Bank promissory note.

But the Minister says the non-payment has not been discussed at Cabinet level.

"That's really not my call, that's a matter for the government and a matter for the Minister for Finance in particular" he said.

"But I suppose  - put it this way - if the Minister for Finance were to come to Cabinet and propose that we not pay it, notwithstanding the risks involved in that, he'd have my full support" he added.

Newstalk's Political Editor Shane Coleman says renegotiation may not be as big an issue as we think.


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