Cope believes bank debt deal is on the cards

North West MEP Pat the Cope Gallagher says he believes the Taoiseach has been given indications that a deal on the Anglo Promisorry Noter and other banking debt may be on the cards.

Speaking after the Taoiseach's visit to the Eurpean Parliament marking the start of the Irish presidency of the EU, Mr Gallagher said while it seems unlikely that the Anglo debt will be written off, he believes longer terms may be offered at better interest rates.

He also believes the seperation of bank debt and sovereign debt will be secured.

Mr Gallagher says there are clear indications that the Taoiseach knows something is on the cards.........