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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)
COMMENTS (145)