Leo Varadkar, please call your office: FG to Burn Bondholders?

From BloombergBondholder Haircut by Ireland May Shut Italy, Spain Funding:

…the nation’s new government, led by Enda Kenny, is seeking to extract better terms on its bailout loan and secure medium-term funding from the European Central Bank to avoid a fire sale of lenders’ assets, threatening to burn bondholders.

But… but… but… doesn’t that mean that Fine Gael are… economically illiterate?

Would you like to know more?

This entry was posted in Accountability, Bankers' Bailout, Debt Default/Restructuring, ECB/IMF, Economy, EU, Geopolitics, Ideology, ireland, Leo Varadkar versus the World and tagged , , , , . Bookmark the permalink.

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