Published on November 23, 2010 by Technology Slice
Ireland Will Merge Banks – Ireland’s banks will be pruned down, merged or sold as part of a massive EU-IMF bailout taking shape, the Irish Government said. Crucially, some experts say the rescue may have come too late to save the next weak link, Portugal, from a similar fate. Ireland’s crisis also appears likely to [...]
Tags: Austerity, Bond Markets, Brian Cowen, Brian Lenihan, Credibility, Credit Markets, Early Departure, Fianna Fail Party, Finance Minister, Fragile Government, Green Party, Imf Bailout, Irish Government, John Gormley, Junior Member, Parliamentary Majority, Party Leader, Property Markets, Taking Shape, Unpopular Government
Posted in Money
Published on February 5, 2010 by Technology Slice
Sovereign Debt – Unsustainably high budget deficits in certain eurozone countries hit credit markets with a vengeance again yesterday, as the cost of insuring against losses on sovereign debt rose to a record high. Concerns about the finances of Greece and Portugal and a looming general strike in Greece heightened investor fears. Western Europe Index [...]
Tags: 10 Million, Basis Point, Basis Points, Budget Deficits, Commodities, Credit Default Swap, Credit Default Swaps, Credit Markets, Creditworthiness, Derivatives, Deutsche Bank, Early September, Eurozone Countries, Hedge Funds, Insurance Companies, Sovereign Debt, Stocks Bonds, Swap Contract, Vengeance, Western Europe
Posted in Money
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