The ECB and the EU/IMF look to have won the day, Irish Finance Minister Noonan mentioning not a...


The ECB and the EU/IMF look to have won the day, Irish Finance Minister Noonan mentioning not a word about deviating from the bailout plan approved by the previous government. The venue and the accents change, but the result is the same: taxpayers will foot the bill for the sins of the credit boom.

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  • bob adamson
    , contributor
    Comments (4560) | Send Message
     
    Given the announcement on the same day of the findings on the stress tests on Irish banks, one should not expect the Irish Finance Minister to take an aggressive stance on the broader IMF/EU agreement terms today. The focus for now is getting the Germans, British and French to agree to support their own banks as part of a to be agreed upon plan for a significant ‘haircut’ of Irish bank bonds.

     

    Here are UK and Canadian reports on March 31 following

     

    www.bbc.co.uk/news/uk-...

     

    www.nationalpost.com/n...

     

    www.nationalpost.com/n...

     

    www.guardian.co.uk/bus...
    31 Mar 2011, 12:53 PM Reply Like
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