Finance Minister says he’s hopeful for a deal on Anglo Promissory notes by Autumn

Finance Minister Michael Noonan says he’s hopeful for a deal on the Anglo Promissory notes by Autumn.

Governor of the Central Bank Patrick Honohan, yesterday met with the Governing Council of the European Central Bank, as the Government hope to delay a €3.1bn Anglo debt payment, which is due at the end of the month.

However speaking today, Minister Noonan said the Government is hopeful that a deal can be reached, on the entire 10-year, €31bn promissory note payment.

Minister Noonan says, the Irish Government hopes to get a deal, in the later half of the year, when timing is more advantageous.

Dublin South TD Peter Matthews Cautioned by Taoiseach

Dublin South TD Peter Matthews has been cautioned by Taoiseach Enda Kenny, over a contraversial vote during a Finance Committee.

Deputy Matthews provoked a motion which demanded that the Governor of the Central Bank attend a Finance Committe Meeting, before the payment of the €3.1 billion promissory note debt.

The motion passed against the wishes of the Government, after 2 Fine Gael commmitte members were locked outside the committee room during the vote.

However, it’s not thought that Deputy Matthews will lose the party whip or be otherwise punished.

Almost 1 in 10 Irish Mortgages are in Arrears of Over 3 Months

The Central Bank is reporting that more than 70,000 mortgages in Ireland are now in arrears.

The latest figures show almost one in every 10 homeowners has fallen at least three months behind in their repayments.

133 properties were repossessed by lenders between last September and the end of the year, the figures show.

Fifty of those were seized through court orders while the remaining 83 homes were either voluntarily surrendered or abandoned.


Bernard Sheridan, director of consumer protection at the Central Bank, is urging struggling homeowners to make contact with their lender as early as possible.