Promises made in anticipation of the 2011 general elections in Ireland may be extremely short lived after EU Commissioner Olli Rehn on Tuesday ruled out the possibility of making bondholders in Irelands defunct banks take a hit.
Responding to a question by Irish Times journalist Arthur Beesley, EC spokesman on Economic Affairs reiterates that the bailout package is a done deal, and is considered as being a pact with Ireland, not Fianna Fail.
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