The deal on the promissory notes announced by Taoiseach Enda Kenny to a packed Dáil chamber yesterday afternoon represents a hugely important political achievement which should steady some rattled nerves on the Government backbenches.
Senior Government figures have put the viability of the Coalition on the line, as well as key strands of its economic policy, in talks on the debts of Anglo Irish Bank.
The issuance of a joint statement by Mr Obama and the European Commission yesterday follows the publication of the final report from the High Level Working Group, a group of high-level US and EU officials which has been examining the issue for more than a year.
Senior Government figures have put the viability of the Coalition on the line, as well as key strands of its economic policy, in talks on the debts of Anglo Irish Bank.
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