Here’s the transaction doc from the Irish ministry of finance. Click through the pic for the full pdf:
*NOONAN SAID TO PLAN ANGLO IRISH SPEECH IN PARLIAMENT
A few hours later… Read more
“We’ll avoid the accounting implications of this deal, though we think it might be an interesting study,” we said last week of Ireland’s circuitous non-deferral deferral of a €3.06bn cash payment to a dead bank under the infamous promissory notes.
Oops. Read more
What with being dead and all, Anglo Irish will probably not have a starring role in Ireland’s fifth attempt at recapitalising banks, due at 4.30pm (Dublin time) this Thursday.
That would be a shame. Read more
Or, Anglo Irish indigestion in Ireland’s accounts.
Ireland’s government has just doubled the amount of fiscal cuts it expects to make in the next four years, from €7.5bn to €15bn — of which €6bn will be front-loaded into 2011. Nasty. Read more