Bondholder problem is getting smaller every day
Published 22/03/2011 | 05:00
FOR months now we've been debating taking on the faceless investors who loaned billions to the banks, telling them they can't have all their cash back because the banks have failed.
But with every week that passes, the argument for a so-called 'burning of the bondholders' becomes less and less relevant as the amount owed to them declines.
The Central Bank recently published a snapshot showing how much money the six Irish banks owed to bondholders.