The O’Gara Special – Promissory note dispatched to touch at the half-way line – Paul O’Connell to block the ECB getting it back!

Anglo Promissory Notes deal for €3.06 billion is a good move for the
state. But that just allows the whole debt issue to be shunted down
the road a bit for two or three years. We may not be able to pay and
that will emerge as the economic situation develops. To stay in the
euro, we may need resuscitation ie a partial debt write-off or a
freeze on interest accumulation and just repay the principle. Or exit
when budget deficit is closed.