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Anglo Deal or No Deal? We don't know

Thursday, February 07 14:42:48

There was confusion today as to whether Ireland has reached a deal on Anglo debt with the ECB or not with some sources a deal in principle has been reached while the ECB President has refused to say anything.

ECB chief Mario Draghi has just said that he "takes note" of last night's move by the Government to close down Anglo Irish rump IBRC but said nothing about a deal to ease the burden of the failed bank's promissory notes on Irish sovereign debt.

Speaking to reporters after the regular monthly meeting on ECB rates he said that the ECB governing council did not take a decision today but it "unanimously took note of the Irish operation".

"I will refer you to the Irish Government and Central Bank for details," he said when he was asked about reports of a deal.

He said it was designed by the Government and the Central Bank.

"I can only say today we took note of this."

However, a report on Bloomberg news agency a few minutes ago said a deal has been reached. However, the report did not name sources and gave no evidence to back up the claim.

The Department of Finance, the Taoiseach's Office, the Central Bank and the ECB all declined to comment.