Month: February 2013

This article on the bailing in of senior bondholders (HT Eurointelligence) has the remarkable sentence:

Senior bank-creditor writedowns in the EU have been rare during the financial crisis, with Ireland refusing to take the step even as it was forced in 2010 to seek an international bailout.

There is also an interesting letter in today’s FT from the Commission’s Jonathan Faull in response to last week’s op-ed by Sinn and Hau – it is here.

Harold James delivered the Central Bank’s Whitaker Lecture last night – text is here.

On the 70th birthday of the Central Bank, Patrick Honohan opened the event – text is here.

New IMF WP here.

Equity investors and subordinated bondholders bailed in but line drawn at senior/’ordinary’ bondholders.

FT story here.

Fitch’s warning against bailing in ordinary bondholders covered in this related post.

The WSJ reports on debt restructuring policies in various European countries here.