Dublin Threatened With ‘Financial Bomb’ By EU Troika

From the Irish Examiner:

The troika warned that a financial “bomb” would go off in Dublin, if Anglo senior bondholders were not repaid, a Government minister has said.

He said the troika of EC, ECB and IMF, which is supplying Ireland’s bailout loans, had issued a stark warning to the Government about the consequences of IBRC not repaying the money.

“What they’ve said really is that: ‘It’s on your head. We don’t want you to default on these payments. It is your decision ultimately. But a bomb will go off, and the bomb will go off in Dublin, not in Frankfurt.’”

Full article

Hat tip: David

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