British German and French Bond holders of Anglo Irish

Sceala Philosopher Location: Carlow

Bambozileer, you have been proven 100% correct about the reasons why the British government were so keen to offer Ireland a loan.
Apart from trying to convince the majority Irish who do not like parasite royalty of any kind, but especially the head of a armed military who decorated so many murderers and abusers of Irish people!
Yeah the timing of the Osborne heroine loan was no coincidence LMFAO

Not really a high profile 'stunt' to try and convince the many more Irish who would have protested the visit of the british army liz saxe coburg und gotha
Not that RTE under orders would have shown the protests anyway, they never showed the other side of the river street in Cork.

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Like too many British tricks, it worked because many more would have been out on the streets protesting the visit of a billionaire parasite, especially when so many were suffering cutbacks.

But as important Westminster politicos also wanted to make sure that the gambling risks of their own bankrupt and corrupt British banks, were paid for by Irish tax payers.
It was British and british connected banks here like the Anglo that had the major debts, not Irish people!

I read that they are borrowing the money to give us a loan. Ireland should go to China, lose all these so called EU partners.
Beware of Europeans offering gifts. Shower of Chancers.

Also Proves the EU is now in charge of future Irish government policy.
independent.ie/business/european/bondholders-safe-even-if-opposition-win-election-2454031.html
Senior EU officials have told international investors that even a new Irish government will not be allowed to remove the protection which has been given to senior bondholders in the banks.

In a private phone call this week with hedge funds and other investors from across Europe, the EU team which negotiated Ireland's rescue package, reassured the firms that senior bondholders cannot be burned as part of the €85bn rescue package, even if Fine Gael and Labour seek to reopen the question.

The Irish Independent, which has seen extracts from the call organised by Deutsche Bank, understands the EU team described the protection for senior bondholders as an "integral part" and a "building block" of the entire plan.

Forcing discounts or "haircuts" on senior bondholders is not a part of the programme that will be discussed during quarterly reviews, the EU officials made clear. The EU team said other details could be discussed.

The disclosure is a major blow to the Labour Party which is pushing to force losses on senior bondholders, by introducing a so-called resolution regime for banks.

The party's finance spokeswoman Joan Burton said recently: "What we need is a banking resolution regime in place, where you could have a negotiated settlement with all bondholders, including senior bondholders, if a bank goes bust."

Questions

Hedge funds and asset managers peppered the EU team with questions about senior and junior bondholders, with several questions about the opposition's approach differing from that of Fianna Fail and the Green Party.

The EU team said its approach would make a "obvious distinction" between viable and non-viable banks. The team said the kind of burden sharing to be imposed on junior bondholders would come down to what kind of bank was involved.

It will come down to the "quantum" of taxpayers' money which has gone into the bank, said the EU official.

One questioner wanted to know whether the state's own investment in AIB would be wiped out first, before any senior bondholders were hit. "I don't have answers to those questions now,'' said the EU official.

But he reiterated that the programme did not include any plans to impose burden sharing on senior bondholders.

Overall, the EU team were upbeat about Ireland's prospects, particularly the export sector. The call, which is believed to have involved Istvan P Szekely, mission chief of the European Commission for Ireland, was warned that there were risks to the €85bn plan.

"We have to be humble,'' said one of the EU team, pointing out that Ireland's restructuring was one of the largest tried by a European country. "The extent to which we can predict this is limited," he said.

- Emmet Oliver Deputy Business Editor

Irish Independent

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British German and French Bond holders of Anglo Irish

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