Monday September 21, 2020

IMF, EU divided on bondholders

Representatives from the International Monetary Fund (IMF) have indicated that bondholders could be forced to share some of the losses in Irish banks in future, according to senior sources.

4th December, 2010

Representatives from the International Monetary Fund (IMF) have indicated that bondholders could be forced to share some of the losses in Irish banks in future, according to senior sources.

The European Central Bank is opposed to proposals for burden-sharing, but both the IMF and the Irish Central Bank believe mechanisms could be developed over the coming months.

The Sunday Business Post understands that divisions between the EU and IMF were evident throughout the Dublin talks....

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