"Ireland Issues Threat To Billionaire Bondholders"

1 post / 0 new
#1 Mon, Jul 18, 2011 - 1:39am
Know More
Joined: Jun 14, 2011

"Ireland Issues Threat To Billionaire Bondholders"

"Fine Gael ... is committed to forcing certain classes of bond-holders to share in the cost of recapitalising troubled financial institutions. This can be done unilaterally for the most junior bondholders (owners of preference shares, sub-ordinated debt and similar instruments), but should be extended - ideally as part of a European-wide framework - for senior debt for institutions like Anglo Irish and Irish Nationwide that no longer have any systemic economic importance."

full story:


Edited by: Know More on Nov 8, 2014 - 5:05am

Notice: If you do not see your new comment immediately, do not be alarmed. We are currently refreshing new comments approximately every 2 minutes to better manage performance while working on other issues. Thank you for your patience.