The Taoiseach says the Promissory Notes for Anglo Irish Bank are gone once and for all.
Enda Kenny says the coalition has this afternoon agreed to a conclusion of a deal with the E-C-B.
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Instead of paying out 3.1 billion a year, no capital payment will be made now until 2038, with the final payment in 2053.
The Taoiseach’s told the Dáil the closure of the IBRC as part of the deal wipes out Anglo and Irish Nationwide and bookends a tragic chapter in our nation’s history.
Enda Kenny says the deal will offer less austerity to taxpayers from the next budget:
