The Finance Minister says he does not believe there is any dissent or concern in the European Central Bank (ECB) over the Irish promissory note deal.

The ECB President Mario Draghi told MEPs yesterday that the bank will pass judgement on the legality of the Anglo Irish Bank deal later this year.

However Mario Draghi said some of developments in the deal have been positive.

The German Bundesbank has described the agreement - which is designed to reduce the Irish debt burden - as problematic.

Deal assessed "at the proper opportunity"

But addressing a committee of MEPs yesterday, Mr. Draghi said the ECB had yet to pass judgement on the deal.

He said for now the agreement is between the government and the Irish Central Bank.

And he said legal remedies will have to be examined if it breaches the rules on financing governments from the Bank.

"We will assess the compliance of Article 123 at the proper opportunity, and on that occasion we will see (whether) the deal - or the transaction - between the Irish government and the Irish Central Bank complies with Articles 123" he said.

"And if it does not, we will see what legal remedial action has to be taken" he added.

However Michael Noonan says the government would not have signed the Anglo agreement unless they had strong legal advice that it was legally sound.