ECB Said to No Longer Oppose Imposing Losses on Bank Bondholders

ECB Said to No Longer Oppose Imposing Losses on Bank Bondholders

Hannelore Foerster/Bloomberg

The ECB’s position has evolved since it opposed forcing losses on the senior creditors of Irish banks including Anglo Irish Bank Corp. and Irish Nationwide Building Society after the government started to inject capital into the banks in 2009.