Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I don't know about Ireland, but in the Greek case it's not that Greece is forbidden to buy back part of its debt in the going rate (at 70c to the Euro), just that it cannot use the Special Fund's money to do so. Which means as things are going, that it can't

The road of excess leads to the palace of wisdom - William Blake
by talos (mihalis at gmail dot com) on Tue Apr 5th, 2011 at 08:03:53 PM EST
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