- Feb 6, 2011
CONCERNS are growing that the Government's 'historic' agreement with the ECB on the promissory notes is illegal.
Writing exclusively in today's Sunday Independent, the former chief financial officer of Anglo Irish Bank, Maarten van Eden, describes the deal as being in breach of the ECB's "fundamental rule against monetary financing".
Elsewhere in today's paper, UCD economist Colm McCarthy also expresses his fears for the future of the prom note agreement, saying: "Central Bank governor Patrick Honohan expressed confidence in an RTE interview last Sunday that the promissory note deal with the ECB would not unravel. A week later, the unravelling appears to have commenced."
Fears that 'historic' debt deal is illegal - Independent.ie
Ironic that van Eden worked for Anglo - of all places! :shock2:
But with Snipper Mac joining the gathering of "Deal" skeptics, we can be sure of one thing;-
There is goin to be some craic with the Pro No's, Hono & the No-no's...