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>> EUROPEAN CENTRAL BANK Latest News

JAN 26, 2013 - Yahoo! News

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Exclusive: ECB rejects Irish bid on promissory note - sources

(Reuters) - The European Central Bank has rejected Ireland's preferred solution to a dispute over the cost of servicing money borrowed to rescue a failed bank, EU sources familiar with the talks said on Saturday. Dublin wants to avoid having to pay 3.1 billion euros a year until 2023 to service a promissory note it issued to underwrite failed Anglo Irish Bank during a meltdown of the main Irish lenders after a real estate bubble burst in 2008. ...

Tags: Exclusive: ECB rejects Irish bid on promissory note - sources,  European Central Bank Latest News