Friday it was Ireland. Today the ECB is said to be buying the government debt of Portugal again…
Just crossing the wires, EU monetary affairs commissioner Rehn says it is possible that euro zone members may want to create a permanent support mechanism. They will assess the possibility next year.
Seems to me I predicted a few weeks ago the support mechanism would become a permanent part of the European economic landscape…
EUR/US held support at 1.3035/40 and now trades at 1.3050.
