BLOODY HELL !..........Bondholders WILL be forced to take a hair cut (Ireland) !!!

[Mega]

http://www.bbc.co.uk/blogs/newsnight....html#comments

[BigBagel]

Re: BLOODY HELL !..........Bondholders WILL be forced to take a hair cut (Ireland) !!!

http://www.zerohedge.com/article/pro...d-shift-worlds

Zero Hedge weighs in.

[Shakespear]

Re: BLOODY HELL !..........Bondholders WILL be forced to take a hair cut (Ireland) !!!

I like the comments about China. Says a lot as to what is happening below the radar.

[Mega]

Re: BLOODY HELL !..........Bondholders WILL be forced to take a hair cut (Ireland) !!!

Holy Shit, its kicking off again!
MADRID (Reuters) - Spain flatly ruled out needing a bailout and said results of extra health checks on its ailing savings banks would be published next spring, as its government and central bank stepped up efforts to calm uneasy investors.

As concerns that the euro zone debt crisis could spread to the Iberian (NEIBI.NX - news) nations gripped markets, Prime Minister Jose Luis Rodriguez Zapatero said there was "absolutely" no chance Spain would need to seek outside help to manage its finances.

The country had no plans to introduce extra fiscal measures either, and investors should think twice about betting against it, he added, telling private regional broadcaster RAC1 radio: "Those who are taking short positions against Spain are going to be mistaken."

Mega

[Shakespear]

Re: BLOODY HELL !..........Bondholders WILL be forced to take a hair cut (Ireland) !!!

"absolutely" no chance Spain would need to seek outside help to manage its finances.

Great News !!!!

Guess that gold etc. from the New World was safely tucked away for a rainy day