European Central Bank policy makers sought more time to weigh a proposal presented by Ireland yesterday to restructure the cost of bailing out former Anglo Irish Bank Corp., prolonging a saga that began four years ago with the near-collapse of the lender.
European Central Bank officials may consider as soon as today which concessions they are prepared to grant Ireland to lower the cost of the nation’s bank bailout, according to two people with knowledge of the matter.
A flurry of large, cross-border international law firm mergers in the fourth quarter of 2012 brought the number of law firm mergers and acquisitions to 60 last year, the same as the previous year, according to Altman Weil, a legal consulting firm.
Ireland has “ongoing issues” with the country’s bailout partners, known as the troika, over government hopes of using some proceeds from state-asset sales for economic-growth initiatives, according to Brian Hayes, a junior government minister.
Ireland’s best chance of securing an accord with European partners ove a restructuring of its bank- bailout costs is for voters to approve a proposed fiscal compact, said Brian Hayes, a junior government minister.
A National Labor Relations Board rule to speed up elections on whether to form a union, thrown out on a technicality yesterday by a federal judge, could be quickly reinstated, according to labor lawyers.