Yes, I’d guess so.

  • The bond spread situation is serious

Yes, I’d guess so.

  • Central bank governor’s comments on IMF were not laying the ground for IMF assistance
  • Ireland has capacity to put itself back on credible basis
  • Parliamentary finance committee recommends “major changes” in fiscal, budgetary and taxation policy
  • Latest bout of uncertainty in irish bonds due to uncertainty over future of euro-zone sovereign debt
  • Current economic models inadequate, proposes immediate review of modelling
  • Proposes binding fiscal rules to ensure long-term public spending matches revenue

EUR/USD languishes down around 1.3705, worries surrounding euro zone peripheries very much to the fore.