Latest Irish Rumor Per WSJ: European Officials Weigh EUR 80-100bln Rescue For Ireland

From the WSJ:

  • Officials also discussing smaller bailout for Irish banking sector alone
  • Eurozone members want UK contribution to rescue - Good luck with this. This is a non-starter.
  • IMF to have role in Irish rescue

The EURUSD so far calls shenanigans on the latest development, and may soon breach 1.35.