A banking debt deal is essential

It is of the utmost importance that this country gets a deal to lighten the burden of its banking debt.

It is of the utmost importance that this country gets a deal to lighten the burden of its banking debt.

The crisis having broken, it was inevitable that the taxpayer here would end up paying a fair amount of the cost - this is what tends to happen in financial crises.

However, the insistence that senior bank bondholders, particularly in bust entities such as Anglo Irish Bank, not carry any of the burden ...