Not aware that Ireland has applied for aid Bond purchase programme played an important contribution to normalise situation when introduced Asked on , up to Irish authorities to decide whether to ask for aid ECB provides liquidity according to its rules … Continue reading
Problem with liquidity in banking sector, no need to panic
Another article from Bloomberg today
German position on debt “could break backs, force countries toward bankruptcy”
Do not pre-commit on policy of ECB bond buying programme Up to Ireland to decide if and when to take EU help, it is available Ireland’s financing needs are not only related to govt, also problems for banks We will … Continue reading
Elsewhere, Banco Santander CEO says funding situation for Spanish banks is improving.
10 year spread 4 bps tighter at 561 bps. Meanwhile EUR/USD has finally moved, slipping to 1.3645 at writing. Large US commercial bank said to be notable seller in latest move.
Ireland request for bank aid would be to fend off bailout of state Here’s link to story.
EUR/USD seeing fairly steady price action so far this morning, presently at 1.3670.