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

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."
Comments (2)
  • mP1
    , contributor
    Comments (386) | Send Message
     
    Every banker in every country wants to be in the news...
    2 Dec 2011, 08:46 AM Reply Like
  • User 509088
    , contributor
    Comments (936) | Send Message
     
    kenny shows too much opposition to the program and she'll be couped, just like the others.
    2 Dec 2011, 09:10 AM Reply Like
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