Hayes: Govt not 'over-exaggerating' prom note deal
A Junior Minister says the government is not over-exaggerating the new deal achieved on the Anglo promissory notes.
Finance Minister Michael Noonan has come under criticism this week following the liquidation of the Irish Bank Resolution Corporation and the move to replace the promissory notes with long term bonds.
Opposition party Sinn Fein have accused the government of doubling Ireland's debt through the new deal and pushing it further down the road.
But Brian Hayes says the deal is the best possible Ireland could have garnered and that Sinn Fein's criticisms are merely political.
“A lot of people are betting against Ireland because their political project is based on Ireland going down the tubes. What has happened this week is there has been a significant deal.
“No one in the government for a minute puts aside the extraordinary adjustments that have been made since 2008 but we can begin to see some light at the end of the tunnel.”
