• Ireland thinks it can deal with problem alone
  • Not near the point of asking for aid
  • Bondholders won’t take haircuts in aid deal
  • EU would be ready to act quickly if Ireland submits aid request

EUR/USD is getting a small boost from the comments, now at 1.3617.

Also helping is a nice bounce in US equities on this merger Monday…The S&P is up 0.7%.