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Banker-Bondholder Bailout refund please

Citizen_Cutback · 2010-11-26 10:27:19

The EU powers that be are now contemplating burning bondholders in future. We are surely due a refund on out €55 billion payment to bondholders in September 2010. But then again these bonds were mainly held by German and French entities... By refund I mean a free EU subvention for having done our master's bidding when they…

26-11-2010 10:27am

#1

Citizen_Cutback

Registered Users, Registered Users 2 Posts: 232 ✭✭

Join Date: January 2010

Posts: 217

The EU powers that be are now contemplating burning bondholders in future.

We are surely due a refund on out €55 billion payment to bondholders in September 2010.

But then again these bonds were mainly held by German and French entities...

By refund I mean a free EU subvention for having done our master's bidding when they are now changing the rules.

I spent 8 years working for a German multi-national and found they had a policy of testing products in small markets like Ireland and Venezuela before launching into wider markets. I believe they sold these products at a discount to get the contracts but the purchasers didn't realise they were part of a controlled test.

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