Gilmore signals talks on bondholders issue

THE Tánaiste has confirmed the Government will hold talks with the European Central Bank in the autumn about inflicting losses on senior bondholders at Anglo Irish Bank and Irish Nationwide.

Eamon Gilmore made his comments while attending the Irish Congress of Trade Unions biennial conference in Killarney.

Mr Gilmore said that while the Government has not quantified the amount required, it was seeking “contributions” from bondholders as part of the recapitalisation and those included senior bondholders in Anglo and Nationwide.