Ireland proposes haircuts for Anglo Irish bondholders


Michael Noonan, Ireland's finance minister, on Wednesday said the Irish government planned to impose haircuts on senior bondholders of Anglo Irish Bank, setting the stage for a clash with the European Central Bank (ECB).

In an interview with RTE, an Irish broadcaster, Noonan said he had received the support of the International Monetary Fund to force losses on holders of unsecured senior debt of Anglo Irish Bank, Ireland's most troubled lender. "As far as I'm concerned, [Anglo Irish] is not a

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