News Headline Summary

OECD Ireland head says does not see wider Irish bank debt deal at this stage

- Promissory notes deal would have big impact on Irish debt.
- Likely to cut Irish 2013 economic growth forecast.
- Irish face tough social decisions on home loan crisis.

Update details:

- Initially, the Government issued €29bn in promissory notes in 2010 to cover losses in Anglo Irish Bank.
- The Government is scheduled to pay €3.1bn every March until 2020, but is looking to have the maturity of the promissory notes rolled out to 40 years.

Print 12:55, 06 Nov 2012 - Economic commentary - Source: Newswires