DUBLIN Dec 20 Ireland's debt agency purchased
500 million euros of Irish government bonds from the central
bank and canceled them on Tuesday, bringing to 3 billion euros
the total canceled this year as part of an agreement to ease the
state's debt burden.
Ireland struck a deal with the European Central Bank in 2013
to stretch out the cost of liquidating the collapsed Anglo Irish
Bank by pledging to slowly feed new bonds worth 25 billion euros
into the market via the central bank.
Last year, the central bank offloaded four times the minimum
500 million euros of bonds it was obliged to sell and analysts
have said a continued speeding up the timetable would help ease
the pressure on Ireland potentially falling out of the ECB's
quantitative easing stimulus programme.
(Reporting by Padraic Halpin; Editing by Angus MacSwan)