Irish PM: No change in policy on Anglo Irish bonds

Just headlines on Bloomberg, but it looks as though the Irish government has heard from their banker in Frankfurt.

The ECB was unaware of Noonan’s comments to the IMF asking for permission to renege on promises to pay senior bank creditors in full.

It is unclear whether PM Kenny is referring to the policy announced last week of restructuring Anglo debt or the former policy of making good on the debt.

Back with more when the headlines on Bloomberg are given some much-needed context.

UPDATE: Kenny says that different circumstances apply to Anglo Irish bonds (Anglo Irish has been wound down with accounts transferred to the “healthier” Irish banks…). Kenny says the ECB continues to fund the Irish banks.

No word on the matter from the ECB that I am aware of…If they remain silent, I guess we have to take that as tacit agreement with the policy.