It is only Ireland, a piddling little EUR 100 bailout, implies the governor of the Banque de France.

  • Conditions are in place to reassure the markets over euro zone debt (EFSF presumably)
  • Very irresponsible to imagine euro zone breaking up
  • Does not see market concern over French, Dutch, Austrian debt spreads

EUR/USD continues to slide, trading as low as 1.3458 so far.