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IMF May Make Bondholders Share Irish Bank Losses, Post Says

Dec. 5 (Bloomberg) -- 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.

To contact the reporter on this story: Colm Heatley in Belfast at

To contact the editor responsible for this story: Colin Keatinge at

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