Thursday, Sep 09, 2010
Greece 2 starring "Olivia" Ireland and "john" default coming
Independent: ECB tries to stabilise the cost of Irish borrowing
The scale of bank rescues is also concerning some traders. S&P, for instance, claims that Anglo will cost the Exchequer €35bn in total.
Another worry is whether European banks can roll over huge debts during September. There are also questions over asset quality at German banks.
Posted by mark @ 11:39 AM (515 views) Add Comment
2 Comments
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1. peeping tom said...
As the whole purpose of the Grand European Project is to create a continental superstate then Ireland, Greece and Portugal *will* be bailed out by 'QE' (or whatever it is in German) as no part of the project can be allowed to fail.
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