Poll: Should we repay the Anglo bondholders?

The government is warning that consumers will be hit if €1.25bn is not paid to senior bondholders on Wednesday but others think the government should default. What do you think?

By Hugh O'Connell Monday 23 Jan 2012, 10:14 AM

Jan 23rd 2012, 10:14 AM 8,253 Views 145 Comments

http://jrnl.ie/334749

Image: Brian O'Leary/Photocall Ireland

Image: Brian O'Leary/Photocall Ireland

THIS WEEK, A €1.25 billion payment falls due to senior bondholders in the bank formerly known as Anglo Irish Bank, the Irish Bank Resolution Corporation (IBRC).

The government has warned of dire consequences if the payment is not met which would harm the country’s fragile recovery, push up borrowing costs, and have a knock-on effect on consumer bills such as mortgages, gas and electricity.

But trade unions, opposition parties and independent TDs have called on the government to default on the payment or ‘burn the bondholders’ arguing that there is a moral obligation on the State to not take any more of tax payers’ money to meet the funding needs of the toxic bank.

So today we’re asking do you think the country should honour the €1.25 billion payment to bondholders this Wednesday?

Poll Results:

No (3127)

Yes (371)

Don't know (214)

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Poll: Should we repay the Anglo bondholders?

The government is warning that consumers will be hit if €1.25bn is not paid to senior bondholders on Wednesday but others think the government should default. What do you think?

Troika warned ‘a bomb will go off’ in Dublin unless bondholders repaid

IMF and ECB divided on whether Ireland should burn bondholders