Plan to burn bondholders 're-statement of Govt position'

A junior minister at the Department of Finance is defending the timing of the announcement that the Government wants to burn senior bondholders at Anglo Irish Bank and Irish Nationwide.

Plan to burn bondholders 're-statement of Govt position'
Thu, 16 Jun, 2011 - 10:15

A junior minister at the Department of Finance is defending the timing of the announcement that the Government wants to burn senior bondholders at Anglo Irish Bank and Irish Nationwide.

The news came from New York yesterday, after Finance Minister Michael Noonan met with the IMF - but now he's looking to Europe for backing.

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