Ireland proposes haircuts for Anglo Irish bondholders

ireland-flag

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 re

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: