At last check Irish-Bund spreads were north of 725 bps, meaning Ireland is now effectively insolvent, and joins Greece in the group of bankrupt European countries. If this blow out is not stopped immediately, the contagion will again spread to the periphery first and then to the core shortly thereafter. The only question is when, just like in the case of oh so coy Greece, will Lenihan admit defeat and ask the IMF and the ECB for help (oh, and do it so during a Citigroup-mediated conference call).
la differenza di maggio, con la Grecia sta proprio nel dollaro : l'unica fonte che puo' essere di aiuto a salvare ...le banche.
Dollari presi a prestito e tradotti in euro.
Allora si parlava di double-dip..oggi nessuno ne cita neanche l'ombra.