Monday, November 22, 2010

Europe Fears That Ireland's Financial Crisis Will Spread



€90bn Irish Bailout Ends In Turmoil – Now Europe Fears Crisis Will Spread -- The Guardian

• Brian Cowen defies calls for resignation
• Fears that Portugal and Spain may need aid
• International rescue plan does little to calm markets

Financial markets were thrown into turmoil today amid fears that an imminent collapse of Ireland's beleaguered government would have a knock-on effect across the eurozone.

The announcement of the potential €90bn international bailout for debt-laden Ireland – of which the UK could contribute up to £10bn – offered only a temporary respite to nervous markets.

Read more ....

More News On Ireland's/Europe's Financial Crisis

Irish PM vows to pass budget, then call election -- Yahoo News/AP
Irish bailout triggers election -- Yahoo News/AFP
Ireland set for nervy two weeks until budget vote -- Yahoo News/Reuters
Ireland's Premier to Dissolve Parliament in New Year -- Wall Street Journal
Ireland bail-out: British banks hit as Irish rescue falters -- The Telegraph
Portugal on edge after Ireland bailout -- The Australian
Portugal braces for market focus after Ireland -- Bloomberg Businessweek
The EU debt dominos start to fall. Is Portugal next? -- Globe And Mail
Germany isn't blameless in Europe's bailout mess -- Washington Post editorial
Can the Euro Still Be Saved? -- Spiegel Online

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