Recapitalization burden is often over-stated as a contributor to the required fiscal adjustment Investors not yet fully convinced action on banks effective ans sufficient No “hard indication” yet that stress levels in Irish residential mortgage books will be exceeded Selling … Continue reading
Irish woes are helping limit EUR/USD gains. Couple of stories noted in Irish Times. Here’s the other
Hardly surprising. Meanwhile EUR/USD has extended recovery, presently at 1.3925, with UK clearer notable buyer in recent trade.
Narrowest in a month.
Currency volatility is striking Ireland will be more impacted by euro rise against dollar than Greece Ummm. Seems to be some concern there. Likelihood the ECB will do anything about it……. virtually nil.
Euro zone economy recovering in line with our forecasts Currency war not an appropriate term to describe cooperation taking place ECB encourages Ireland to present a credible budget and a multi year programme that will bring confidence to markets