Irish Ministers Support Anglo Irish Burden Sharing, Post Says
Ireland’s government should adopt an aggressive stance in talks with the European Central Bank later this year on senior Anglo Irish Bank Corp. bondholders sharing the lender’s losses, the Sunday Business Post reported, citing two unidentified ministers.
The government has repeatedly said it will not act unilaterally to force losses on senior bondholders in Anglo Irish and smaller rival, Irish Nationwide Building Society.
Anglo Irish Chief Executive Mike Aynsley has asked the government to explore with the ECB and European Commission the option of senior Anglo Irish bondholders taking voluntary discounts on their bonds, the newspaper said.
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