EU Commission tells Ireland's electorate to go to hell!

The following, completely unsurprising report, comes from today's Irish Times, linked here:

THE EUROPEAN Commission has ruled out any move by the incoming government to compel senior bondholders to bear losses on their investments in Ireland’s banks.

Although Fine Gael and Labour each pledged during the election they would impose losses on the holders of senior bank debt, economics commissioner Olli Rehn made it clear yesterday such a manoeuvre would not find support in Europe.

“The issue of bondholders – senior debt in the banks – is not on the cards nor on the agenda concerning Ireland,” Mr Rehn told reporters in Brussels.

The stance of the commissioner, who did not elaborate, was in line with the European Central Bank’s opposition to any default on senior bank bonds.

Read 'another fine mess Ollie' from last August here.