Irish sampling campaign in full swing, and one of the contentious issues, which is given to the mass attention, this is how to deal with large holders of Irish bonds. Reuters published an article where the acting Finance Minister Lenihan has suggested that he had not decided whether to holders of unsecured bonds to make the reduction of nominal value at some stage. Seems inevitable that one day it will happen, and with quite a significant scale. Deposits are still very fast running out of the major Irish banks.
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