As ECB, IMF Leave Ireland To Hang, Spreads Surge Again, Pass 630bps, 64 Wider
The endgame for Ireland is at most a week away: outcome is simple - bailout or failure. One wonders which the central bankers will pick...
- Honohan: IMF Package Would Look Same As Current Policies
- Honohan: Irish Bank Borrowing From ECB Exceptionally Large
- Honohan: ECB Would Like Irish Banks To Get Back To Self Reliance.
- Honohan: ECB Won't Curtail Irish Banks' Access To Financing.
The Irish Bunds spread has now surged to 631, +64 bps on the day!