Relevant:
- If Greece Defaults, What Happens to Portugal and Ireland--and Spain?
- Flimsy Auctions Signal The US Is Heading For A Debt Crisis
- Contagion strikes Italy as Ireland bail-out fails to calm markets
- European Bond Market Meltdown; ECB is Buyer of Only Resort for Greece, Ireland and Portugal
- Spain and Italy teeter on edge
2010-11-23 — blogspot.com
“The markets currently have virtually zero confidence that the bailout in Ireland will solve the European crisis even though fiscal austerity measures in both Portugal and Spain have been severe and prima facie, sufficient to ease market concerns,†Charles Diebel and David Page, fixed-income strategists in London, wrote in an investor note today.
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