+1Here's the Deal Mr. Trichet. The ECB takes a 50% haircut on behalf of the senior b'holders if you don't want them being burned entirely by Ireland. In addition we want 2% on the whole bailout or we'll go to the IMF at 3% and default on every Fu(king thing. Your shot Mr. Trichet.
Don't often find myself in the same camp as LeDroit, but absolutely spot on. I'd add that we force the ECB to take the Irish Banks into its ownership in a debt for equity swap for the £100bn they have provided in liquidity.
I refuse to vote for any party that supports putting another cent of Irish taxpayers money into recapitalisating the Irish banks. I count 4 recaps so far. One was enough.