Yesterday, from David McWilliams in the Indo:
And today from Wolfgang Münchau from the FT in the Irish Times:
As mentioned on this site previously, it is time to test the mettle of the bank debt-holders (preferably as Ireland Inc vs Deutsche Bank/Bank Paribas in the European Courts).
The Irish government must:
- Secure a better funding rate than 5.8%
- Start the “war-game” planning around (bank) debt restructuring.
Angela, Nicolas and Jean-Claude – lets REALLY see the colour of your money and the whites of your eyes.