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Sat 04 Apr 2011Ministers reject talk of U-turn on election promises
POLITICAL REACTION:MINISTER FOR Finance Michael Noonan has rejected claims that the Government parties had reneged on promises made during the general election on imposing burden-sharing on senior bondholders of loss-making banks.
In a series of interviews in the wake of Thursday’s major recapitalisation announcement, Mr Noonan and other Government Ministers denied any U-turn on the issue of sharing losses with senior holders of Irish bank debt.
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