ECB bailout is the only card we have left to play | David McWilliams

ECB bailout is the only card we have left to play David McWilliams: "The other option is to admit that the game is up and restructure all the bank debts of the Irish banks. This would involve the creditors taking a significant loss. The creditors are the remaining senior bond holders and the ECB. The subordinated debt holders should be told where to go and stop annoying us. Subordinated capital always gets wiped out in a crisis"?