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Europe debt crisis rolls on as Irish bailouts grow Economist Lucey said Ireland was needlessly tying its future fortunes to keeping all senior bondholders happy. He said bondholders should be forced, on a case-by-case basis, to accept punishment for the risks they took in loaning to Irish banks. “We haven’t been told who owns this […]
Europe debt crisis rolls on as Irish bailouts grow And EU monetary commissioner Olli Rehn said he doubted that Ireland would need emergency aid from a rescue fund established earlier this year by the European Union and the International Monetary Fund. Greece has already tapped that fund to the tune of euro110 billion, but Ireland […]
Europe debt crisis rolls on as Irish bailouts grow Ireland will have to pump euro12 billion ($16 billion) more into the country’s crippled banking system, dealing more grief to shellshocked Irish taxpayers. Coupled with the downgrade of Spain’s bonds by a third ratings agency, the news Thursday from Dublin provided more evidence that Europe has […]