the Context

Irish financial crisis. Widespread speculation that senior bondholders of Irish banks will have to take a "haircut" -- i.e. share in the costs of an EU bailout -- leads to downgrades in the credit worthiness of the institutions that hads the most at stake in the ballooning property values of recent years.

Ireland's banks suffered a string of credit downgrades Friday—one reduced to junk-bond status —as speculation mounted that an EU-IMF bailout of Ireland could require senior bondholders to share the massive bill.

  1. CNBC

Related:


Changes:

  1. Irish financial crisis. Widespread speculation that senior bondholders of Irish banks will have to take a "haircut" -- i.e. share in the costs of an EU bailout -- leads to downgrades in the credit worthiness of the institutions that hads the most at stake in the ballooning property values of recent years.
  2. Irish financial crisis. Widespread speculation that senior bondholders of Irish banks will have to take a "haircut" -- i.e. share in the costs of an EU bailout -- leads to downgrades in the credit worthiness of the institutions that hads the most at stake in the ballooning property values of recent years.