3.5 Billion euro taken out of the economy yesterday and no deal on Promissory Notes says Draghi.
Michael Noonan October 2012
Michael Noonan has expressed his hope that a deal restructuring the government’s promissory note for Anglo Irish Bank could be reached in the coming weeks – a move which he says would make it easier to construct the next Budget.Noonan hopeful of deal on Anglo promissory note before Budget“It would help me doing the Budgetary arithmetic if something could be arranged, or a statement of intent could be achieved, before the Budget,” he said.
The ECB did not deliver on either of the above for Noonan by budget announcement.
Today 5th December Draghi.
Owen Callan @OwenCallan
Owen Callan @OwenCallan*DRAGHI SAYS ARE IN SITUATION BECAUSE OF POOR POLICY MAKING - what, like a rate hike in mid 2008??
Lorcan Roche Kelly @LorcanRK*DRAGHI SAYS ECB CAN'T ENTER AGREEMENT ON MONETARY FINANCING - but says "plenty of goodwill" for Ireland. Can you monetise goodwill???!
Drgahi says No on prom note deal, but yes on goodwill. Maybe Irish CB should book €30bn of ECB Goodwill on their balance sheet