IMF May Make Bondholders Share Irish Bank Losses, Post Says
The International Monetary Fund has signaled that bondholders could be forced to share some of the losses in Irish banks in the future, the Sunday Business Post reported, citing unnamed people.
The IMF and Ireland’s central bank believe burden-sharing mechanisms could be developed in the coming months, the Dublin- based newspaper said. The European Union is opposed to any such proposals, the Sunday Business Post said.
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