Why won't the Government ask for a write down of the Anglo Debt?

Stephen Donnelly
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Published on Nov 28, 2013

November 2013 - Stephen Donnelly speaks on the Dail motion to destroy the bonds formerly known as the promissory notes. The motion read as follows. "That Dáil Éireann calls on the Government to immediately lobby the European Central Bank for a one-off exemption from the rules of monetary financing, to allow the Central Bank of Ireland to destroy the €25 billion in sovereign bonds issued in February of this year, in lieu of the remaining Promissory Notes, plus the €3.06 billion bond also being held by the Central Bank of Ireland in payment for the 2012 Promissory Note; and to cease any and all interest payments currently being made on those bonds."

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