- Sep 10, 2008
France Joins Germany Ganging Up on Bondholders - BloombergFrench Finance Minister Christine Lagarde said investors must share the cost of sovereign debt restructurings, backing a German call that helped send yields on Irish and Portuguese bonds to record highs.
“All stakeholders must participate in the gains and losses of any particular situation,” Lagarde said during an interview yesterday in Paris for Bloomberg Television’s “On the Move” with Francine Lacqua. “There are many, many ways to address this point of principle.”
Will ye listen Fianna FAIL?
Will ye listen to your beloved EU masters? They are telling you to let the bond markets take the pain.
Expect our yields to go through the roof now!