Struggling Ireland, Portugal and Greece in Europe today, pushing the debt-ridden dangerous edge.

16 countries in the euro zone on the eve of intensive consultations, Dublin confirmed that is working with partners to hold talks with its huge budget deficit: Portugal acknowledged he is in a “business risk” being; and newly released figures show that Greece has been receiving assistance deficit tends to deteriorate.

Greece, Ireland, denied that the steps follow the path for emergency loans, but said working with “international colleagues” to contact. Currently, the market speculation that the Irish will provide assistance to the outside world.

Euro group president to allow a Claude Juncker said that if Ireland to seek financial assistance, the euro zone is really willing to “expeditiously” to act. But he stressed: “Ireland has not made a request.”

At the same time, the EU due to problems with the Irish people that the euro area financial stability concerns, and about ready to take concrete measures for the provision of emergency assistance rumors otherwise.

Portuguese Finance Minister Santos said that this “infectious disease” is spreading like wildfire, and warned that no one can sit back and relax.

In the EU 27 member states, 24 countries, far more than the allowed deficit accounted for 3% of GDP ceiling.

With the EU audit institutions in 2009 will be Greece’s public deficit estimates upwards to account for 15.4% of gross domestic product, the situation began to deteriorate. Announced in April compared to 13 6% after the figures have increased substantially increased.

Greek Prime Minister George Papandreou of Greece, ruled out the possibility of debt restructuring.

Papandreou said that, given for the restoration of the country’s public finances, “the sacrifices”, “Greek citizens, it will be a disaster.” He also said that to “the market’s confidence in Europe and the euro”, this also would be “a disaster.”

Ireland and Portugal once bond yields rose this morning, but later dropped, as some important countries in the European Union finance ministers said in a speech, the bond market due to a European Union relief fund for the future tense mood no sense.

In contrast, the Greek bond yields in the country concerned increased size of the deficit forecast for 2010 after the price rose.

All in all, both the debt crisis, debt problems, or Ireland, as well as Portugal, Spain, Italy and other countries of the debt, the euro is still a fundamental mechanism from its own weakness. Whether the budget deficit out of control, or the rate of vicious competition, are derived from a unified monetary policy and fiscal policy of separation between the contradictions. Greek joint relief operations after the crisis, has taken the first step in the euro area fiscal policy coordination, but not enough. As long as the remaining loopholes in the euro mechanism, the euro crisis could erupt at any time.

Treasury yields soaring last week in Ireland, Portugal and Greece, bond yields rose today, UBS analyst so openly raised the question: “Portugal, will do next?”

Recent developments have led to market speculation, may be Ireland for a total of about 700 million euros in financial assistance.

Ireland is in deep trouble primarily because the country’s banking system is undergoing a serious crisis caused a loss. The serious crisis in the Irish banking system is on the bubble burst the banks exposure to the real estate market caused by too much.

Ireland’s public deficit this year may exceed 30% of the gross domestic product. This rate is the ceiling set by the European Union 10 times, even toting a huge deficit twice in Greece.

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