Tag Archives: burn the bondholders

The hard-won Irish “package” (People’s Movement)


The revised terms of the Irish package will see the interest rate on loans cut by two percentage points, from 6 per cent to just less than 4 per cent. The package will provide potential annual savings of between €600 … Continue reading

Posted in Accountability, Bankers' Bailout, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, Greece, ireland | Tagged , , | Leave a comment

What actual international investors actually think about burning bondholders: “There are no guarantees, But odds are intriguing”


From MarketWatch / Wall Street Journal – Is Ireland really going bust? Commentary: There’s a lot invested in keeping the euro going: What are the dangers? There are so many known unknowns, and unknown unknowns, in this situation, that forecasting … Continue reading

Posted in Bankers' Bailout, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, ireland, Leo Varadkar versus the World | Tagged , , , , | Leave a comment

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


From Bloomberg – Bondholder 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 … Continue reading

Posted in Accountability, Bankers' Bailout, Debt Default/Restructuring, ECB/IMF, Economy, EU, Geopolitics, Ideology, ireland, Leo Varadkar versus the World | Tagged , , , , | Leave a comment

Zerohedge: “Ireland is basically all bank, no physical economy”


From Reggie Middleton at ZeroHedge.com – It Looks Like Ireland Is About To Get Those Leprechaun Clippers Ready – Haircuts, Here We Come!: To make a long story short, Ireland is basically all bank, no physical economy. That leveraged facade … Continue reading

Posted in Bankers' Bailout, Debt Default/Restructuring, EU, Housing Bubble, ireland | Tagged , , , , | Leave a comment

David McWilliams: “We are the most indebted nation in Europe”


From David McWilliams – We’re broke but still buying rounds that we can’t afford: By pretending that we can afford the bailout, Ireland is now behaving like the poor guy at the bar, digging deep for the last few cents … Continue reading

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Leo Varadkar versus the World (10): Goodbody Stockbrokers – “half-burn the bondholders”


So, basically, Sinn Féin’s original position to “burn the bondholders” is now being advocated/repackaged by… Irish stockbrokers. Irish Independent – Government must force losses on bondholders, stockbroker claims: THE Government should immediately move to impose 50pc losses on all unguaranteed … Continue reading

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