All joking aside, what exactly is the ethos for us bailing out these senior bondholders? Wasn´t the original reason we were given because we couldnt let our banks fail because of our international reputation and our ability to raise finance on the markets?
What would be the potential consequences at this point in time not to bail the banks out any further?
Also, can someone tell me why does the government think that this is the best option? I mean at this stage surely the game is up, cant we just say no and do a deal with the bondholders or am I being to simplistic?
What would be the potential consequences at this point in time not to bail the banks out any further?
Also, can someone tell me why does the government think that this is the best option? I mean at this stage surely the game is up, cant we just say no and do a deal with the bondholders or am I being to simplistic?