We have no deal yet on the 3.1 billion euro payment due on March 31st, but the government remains as hopeful as it was before the weekend that a deal will be struck. A legal challenge is being considered to the promissory notes by New Beginning founder David Hall, who is taking this case as an individual, not as a member of New Beginning. Finally, I’m a bit worried about the can-kicking plan’s lack of nuance.
Update: Governor Honohan expects we won’t have to pay the 3.1 billion at the end of the month.