AOL.com Video - Ireland's 'Historic' Debt Deal With ECB

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Ireland's "Historic" Debt Deal With ECB

Description:Anglo Irish is a symbol of Ireland's past. The bank no longer exists in name but its debts do as part of what's now called the Irish Bank Resolution Corp. And very early Thursday morning the Irish government was forced to rush through emergency legislation to liquidate it. The move was part of a wider debt restructuring plan by the bailout euro zone country. And later Ireland's Prime Minister announced he had won ECB approval to stretch the cost of bailing out the bank over 40 years. (1:39)

Source: Reuters

Tags: reuters , Europe. , Thomas Costerg