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Still no clarity on Ireland Bank Debt Deal

Confusion reigns again now as to whether the E-C-B will agree to a deal on the Anglo Irish Bank promissory note.

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Despite reports that a deal was done the Governor of the E-C-B now appears to suggest otherwise.

Mario Draggi suggested that the governing council took note of what the Government did with liquidating the IBRC, but suggested no decision was taken:

Meanwhile,

The Liquidator for IBRC has informed staff all contracts with the company are automatically terminated with immediate effect- with some staff hired back on a monthly basis to complete wind down of the Former Anglo Irish Bank.

Staff have also been informed that they will only be receiving statutory redundancy

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