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Image header Agence Europe
Europe Daily Bulletin No. 10351
GENERAL NEWS / (eu) eu/ireland

Klaus Regling says senior bond-holders should not have to bail out Irish banks

Brussels, 04/04/2011 (Agence Europe) - The director of the EFSF, Klaus Regling, has rejected the idea of making senior bond-holders bear some of the costs of bailing out the Irish banks, telling four European newspapers last week that it would be an extremely drastic move that does not fit with the approach the EFSF is trying to implement. The idea is that senior bond-holders would be required by law to make a retroactive payment towards the bailout costs although senior bond-holders have...

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