"Ireland Issues Threat To Billionaire Bondholders"

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#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."

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