Noonan still hopeful of bank debt deal28/09/2012 - 14:36:42
The Finance Minister Michael Noonan says he 'would hope for a deal' on Ireland's bank debt before the budget in December.
Noonan says he has not scaled back his hopes for a large finance deal despite recent concerns raised by the Germans, Dutch and Finns.
Those three countries ruled out using EU money on legacy debt, casting doubt on Ireland's prospects of a sizable deal.
Yet Noonan added he still hopes to have an agreement reached before he announces his budget in December.
“October or November I would be hoping for. It would suit my forward planning if we had a definite indication of what the result might be before the budget.
“In terms of the politics of it, the most crucial political date is having to pay €3bn at the end of March to honour the commitments of the promissory note.”
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