Citigroup’s Saunders Says 50% Chance of PSI on Irish Debt

Investors face a 50 percent chance of sharing in losses in Irish government debt, Citigroup Inc. (C) economist Michael Saunders said.

“We still expect a sizeable growth undershoot and deficit overshoot, and expect that Ireland will need a second financing package, which may include PSI, beyond 2013,” Saunders said in a note today.

To contact the editor responsible for this story: Dara Doyle at ddoyle1@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.