Dublin reverses itself, withdrawing a plan to impose losses of up to 100% on €350M of debt...

|By:, SA News Editor

Dublin reverses itself, withdrawing a plan to impose losses of up to 100% on €350M of debt held by junior bondholders of Bank of Ireland (IRE). The change comes after heavy lobbying by the debtholders, including hedge funds such as Appaloosa Management. The Kenny government epitomizes the opposite of TR's "speak softly and carry a big stick."