Irish bail out package fails markets’ test; growing fears about Portugal and Spain

Tuesday, November 30th 2010 - 05:45 UTC

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The Euro has fallen against the dollar and major European markets have dropped sharply, a day after ministers agreed a bail-out for the Irish Republic. On Sunday, European ministers reached agreement over a bail-out worth about 85bn Euros. Read full article

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NicoDin
The market will never be satisfied as they are betting against the weak fundamentals of those economies forcing them to collapse.

They will use all the tools available to make them collapse and there is the gain to buy later the bonds to a fraction of its nominal value.

Next Spain and later UK where its the big portion of the cake to be taken.

If Spain falls UK bank system will face another run as Spanish have taken important position into UK financial system, companies and even the Airports.

The perfect storm like was in Asia in the later ’90.
Nov 30th, 2010 - 12:07 pm - Link - Report abuse 0
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