Tag Archives: decision to burden share

Trichet objected to burning bondholders, finance official says

Minister for Finance Michael Noonan was forced to delay a Dáil announcement about restructuring the banks because then European Central Bank president Jean Claude Trichet objected to burning bondholders, the banking inquiry has been told. John Moran, former secretary general of the Department of Finance, said the Minister’s announcement in the Dáil in 2011 was delayed because “three or four” ... Read More »