How to Save Ireland: Bailout, or a Haircut for Lenders?

Tuesday, November 23, 2010

The International Monetary Fund’s $140 billion bailout for Ireland has been set in motion, but some economists are talking about a better option for the Emerald Isle: defaulting on their debt. What’s so bad about asking investors to suffer the consequences of over lending?

Louise Story, Wall Street and finance reporter for The New York Times, explains the pros and cons of forcing bondholders to take a haircut.

Guests:

Louise Story

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