The government will be forced into a Dáil vote tonight on whether to make next month’s repayment of the IBRC promissory notes.
The next 3.1billion-euro instalment falls due on March 31st and a deal to ease the burden has already fallen on deaf ears at the ECB.
As a result, Independent TD Shane Ross has tabled a motion demanding that the Irish government default on its payments.
But the Junior Minister for Finance Brian Hayes says we shouldn’t cut off the nose to spite the face:
