Efforts to salvage ECB deal on Anglo debt

The government will begin efforts today, to salvage a deal with the European Central Bank on Ireland’s Anglo debt.

The Tánaiste  Eamon Gilmore has warned that failure to conclude an agreement would be "catastrophic" for Ireland.

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International news agency Reuters reported at the weekend that the ECB had rejected Ireland’s proposal to avoid making a 3.1 billion euro payment on the Anglo Promissory notes at the end of March.