Friday, May 18, 2012

2nd Irish Bailout - Eurozone Crisis


Telegraph: Reports that the Republic of Ireland might need a second bailout of four billion euros to support Irish Banks.

Lets Get Real:

As the article notes folks its down to Greece again, if Greece was not pushing the Euro to the edge of a big cliff then Ireland could go back to the bond markets to fund any 2nd bailout, but due to Irish bonds still at the 7% level this path is not open Dublin, thus bailout from the EU/IMF/ECB. This will go down well in Dublin, also does not help that the new EU Treaty is going to be voted upon in the next few days, will the Irish bow to their Masters in Berlin or be like Greece and say NO.

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