Wednesday, February 09, 2011

Trichet Says 'No Haircuts' For Billionaire Bondholders: 'The Plan For Ireland Has Already Been Approved By The World'

Trichet giving Ireland 'The Finger'

European Central Bank chief Jean-Claude Trichet has reiterated his opposition to any debt restructuring by Ireland, saying the terms of the EU-IMF bailout plan for the State have been approved by “the entire world.”

As top ECB officials closely observe the Irish election campaign, this was the second time in five days that Mr Trichet made the case against any restructuring of Ireland’s debt. He relayed the same message last Thursday immediately after the monthly meeting of the bank’s governing council.'


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