IMF says Ireland could have saved billions if bondholders had been burned

The IMF says Ireland could have saved billions of euro if it had been allowed to burn the bondholders at some of its banks. imf It says there would have been “significant” benefits for the Irish public if senior bondholders in Anglo Irish Bank and Irish Nationwide had been burned. The government has previously said it wanted to burn senior bank bondholders – but the plan was blocked by the ECB.  

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