Relevant:
- Irish Bailout Falls Short; Irish Debt Rating Cut to Junk by Moody’s; Power of the "Trump Card"
- Irish Opposition Leaders Are Pushing For Anglo Irish To Default On Its Bondholders
- Anglo Irish Bank's debt rating cut to almost junk status
- Ireland Moves to Shore Up State-Owned Bank
- Irish Finance Minister Flip-Flop: Yesterday Noonan Vowed to Screw Irish Taxpayers; Today Seeks Haircuts on Senior Irish Bonds; Lessons From Iceland
2011-06-23 — blogspot.com
``Irish Finance Minister Michael Noonan said yesterday that senior bondholders should share in the losses of Anglo Irish Bank Corp. and Irish Nationwide Building Society, reversing a policy of protecting owners of senior securities. The ECB is against imposing losses on investors. President Jean-Claude Trichet said on Feb. 7 that haircuts aren't part of a plan to reduce Ireland's debt load.''
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