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Government plans to impose losses on bank bondholders - The Irish Times - Thu, Jun 16, 2011
Mr Gilmore said the Government had not informed the European Central Bank of its plans ahead of Mr Noonan's statement but insisted that circumstances had changed since the bank opposed such a move when Ireland's EU-IMF bailout was agreed last year.

"I don't think it'd come as any great surprise" to the ECB that Ireland is seeking to share the burden of bailing out both lenders, Mr Gilmore told RTÉ's Morning Ireland.  He said the Government plans to discuss senior bond loss-sharing with the ECB.

One hundred days into the current Government's term, Mr Gilmore said the State is now in a stronger position than it was in November when the bailout was negotiated. "We have friends both in Europe and internationally who understand the Irish position and therefore we are in a much stronger position today," he said, adding that Ireland is "not a supplicant state".

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Thu Jun 16th, 2011 at 06:25:08 AM EST
The "not a supplicant state" part has been removed from the article, I note...

The road of excess leads to the palace of wisdom - William Blake
by talos (mihalis at gmail dot com) on Fri Jun 17th, 2011 at 07:13:03 AM EST
[ Parent ]


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