Paying unguaranteed bondholders was unfair, admits former IMF chief
Speaking to the IMF, Ajai Chopra went on to say that eurozone partners had stopped Ireland from imposing haircuts on senior creditors.
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Speaking to the IMF, Ajai Chopra went on to say that eurozone partners had stopped Ireland from imposing haircuts on senior creditors.
Minister of State Fergus O’Dowd was the highest profile Government representative present as they were asked to request a debt writedown by Independent TDs
The government will almost certainly oppose the motion and ensure that it does not pass when a vote is held tomorrow night.
It’s possibly the single biggest issue facing the government – but how has it dealt with the troika deal and banking in its first year?
A commission spokesperson says no plans have been put before it, even though the government says burning the bondholders has been in the pipeline for some time.
All the news of the day, plus some bits and pieces you may have missed…
A group of AIB investors with €2.6bn in bonds is trying to stop the government from enforcing an 80 per cent haircut.