Irish bailout
Euro Weaker Despite Aid Agreement for Ireland
November 29, 2010
The euro is 0.5% weaker than Friday’s close at $1.3173, which is also marginally softer than last week’s low. An EUR 85 billion aid package was reached with Ireland. The composition of the bailout is EUR 45 billion from EU governments, 22.5 billion from the IMF, and the rest (20.6% of the total) from Ireland […] More
Two Stories Grab Market Attention
November 22, 2010
European currencies rose after Ireland’s government agreed to an EU aid package that will be used to fortify the country’s beleaguered banks. The dollar dropped 0.4% against the euro, 0.3% against the Swiss franc, and 0.2% against the yen. Irish bond yields have fallen over ten basis points on the news. S&P reduced the outlook […] More
