IMF: Ireland could have saved billions by burning Anglo bondholders

The IMF has said that Ireland could have saved billions of euro if it had been allowed to burn the bondholders at some of its banks.

IMF: Ireland could have saved billions by burning Anglo bondholders
Thu, 19 Dec, 2013 - 15:57

The IMF has said that Ireland could have saved billions of euro if it had been allowed to burn the bondholders at some of its banks.

It says there would have been "significant" benefits for the Irish public if senior bondholders in Anglo Irish Bank and Irish Nationwide had been burned.

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