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Sunday, January 22, 2012

Ireland: "Higher costs if bond holders burned''

read more from rte....


"Householders will be forced to pay much higher utility bills and higher mortgages if the Government defaults on a €1.2bn payment to Anglo Irish Bank bondholders, due next Wednesday according to Minister Varadkar. 


Defending the decision to pay the money, the Minister for Transport and Tourism, Leo Varadkar has said that the Troika had warned the Government that non-payment would be like triggering a financial bomb in Dublin."

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