DUBLIN/FRANKFURT: The European Central Bank moved towards agreeing a deal on Thursday to ease Ireland's debt burden after Dublin rushed through emergency legislation to liquidate Anglo Irish Bank.
Prime Minister Enda Kenny has staked his administration's reputation on cutting the cost of bailing out Anglo Irish, now known as Irish Bank Resolution Corp, or IBRC, and the ECB's governing council in Frankfurt was considering a fresh proposal after rejecting a previous plan last month.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!