Troika warns of financial ‘bomb’ in Dublin
Anglo, now known as IBRC, is due to repay €1.25 billion to bondholders on Wednesday and Transport Minister Leo Varadkar said householders would suffer if it didn’t.
Mr Varadkar said any decision to burn bondholders would impact on Ireland’s reputation, increase borrowing costs for banks and semi-state companies, and ultimately lead to higher mortgages and household bills.