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xchrom

(108,903 posts)
18. Merkel ally boosts Irish debt campaign
Fri Jan 18, 2013, 10:03 AM
Jan 2013
http://www.irishtimes.com/newspaper/finance/2013/0118/1224328998665.html

Ireland’s campaign to ease its debt burden received a boost last night when an ally of German chancellor Angela Merkel said it “could make sense” to extend the repayment period of the Anglo Irish Bank/Irish Nationwide promissory notes.

Norbert Barthle, budgetary spokesman for Germany’s ruling Christian Democrats (CDU), indicated Berlin would have no issue if such a deal was agreed between the Government and the European Central Bank (ECB).

“I would see no negative consequences if the repayments were extended to ease the burden on Ireland,” Mr Barthle told The Irish Times. “As far as the repayment period is concerned, an extension could make sense.”

Until now, Berlin has always avoided commenting on negotiations on the €30.6 billion promissory note, an IOU issued in 2010 to wind up Anglo Irish Bank and Irish Nationwide.
Too close to the truth for comfort Demeter Jan 2013 #1
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+1 xchrom Jan 2013 #12
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This message was self-deleted by its author kickysnana Jan 2013 #37
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