Ireland secures a deal allowing it to make a scheduled €3.1B payment due to Anglo Irish Bank by...

|By:, SA News Editor

Ireland secures a deal allowing it to make a scheduled €3.1B payment due to Anglo Irish Bank by issuing a bond instead of writing a check. The bank will still get its cash by presenting the bond to the Bank of Ireland/ECB for collateral against funding, and Ireland now has an easier time of hitting its 8.6% deficit target this year. Still dizzy. (previous)