A similar option is that Ireland could buy “insurance” from the EU against the risk that losses in Irish banks will be significantly greater than projected under the PCAR exercise. Agreed Procedures for Restructuring the Debts of Troubled Banks: Fine Gael in Government will force certain classes of bond-holders to share in the cost of recapitalising troubled financial institutions.
This example text from a political party manifesto is for economic orthodoxy, for example reduction of budget deficits, thrift or a strong currency