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!