Thursday, June 16, 2011

Ireland revives pledge to go after bondholders

Ireland said it was in a strong position to impose losses on bondholders of two failed lenders despite doubts the European Central Bank would permit a move that would go way beyond solutions being discussed for Greece.The Irish government’s revival of its election pledge to go after senior bondholders in Anglo Irish Bank and Irish Nationwide coincides with its 100th day in office, prompting some analysts to interpret it as a political manoeuvre.
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