Debt audit criticises bondholder secrecy
Dr Sheila Killian said there has been “constructive ambiguity” or “fudging” surrounding the bank bailout.
In a report, An Audit of Irish Debt, published on a left-wing website claims to provide an explanation of the €92 billion in debt for which taxpayers have become responsible. It states that 99.74% of the debt registers is occupied by Euroclear, an international clearing house in Brussels which “maintains a register of nominee accounts that does not reveal the identity of investors holding Irish Government bonds”.
