Reuters: Ireland Faces "Horrendous" Bank Bill, Spain Downgraded
Ireland disclosed a
"horrendous" worst case price tag of over 50 billion euros ($68 billion)
on Thursday for bailing out its distressed banks and said it would have
to make more drastic budget savings.
The euro dipped briefly against the dollar as markets contemplated Dublin's ever growing fiscal hole, but the 16-nation European currency soon recovered and investors reacted calmly overall, having largely priced in the latest bad news.
Read the entire article here.
The euro dipped briefly against the dollar as markets contemplated Dublin's ever growing fiscal hole, but the 16-nation European currency soon recovered and investors reacted calmly overall, having largely priced in the latest bad news.
Read the entire article here.
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