ECB Said to Be Ready for New Honohan Pitch on Anglo

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.

Irish Central Bank Governor Patrick Honohan will meet his European counterparts for the first time since they rebuffed an initial bid to cut the burden of Anglo Irish Bank Corp.’s rescue two weeks ago. He will likely pitch a new proposal during an unofficial dinner preceding the ECB’s Governing Council meeting tomorrow, according to the people, who asked not to be identified because the matter is private.