Irelands Euro crisis and its not soccer
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The 750b EUR bailout months ago still cannot sooth investors fears, pushing the gap between the Bund, Irish and Portuguese debt to an all time high this morning. The market continues to worry about the banks that hold Greek sovereign debt. A defaulting Greece would lead to a financial meltdown. Following the money from Greece s ‘secret financial transactions it used to conceal debt’ is proving to be an accountants nightmare. Not helping investors confidence is the breaking of the ranks by an ECB member.
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