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?

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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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