From the formal application to the finalization assistance program, in just seven days. The EU emergency assistance in the case of Ireland, reflected on the efficiency of a surprise, and after the debt crisis of the Greek response to hesitate to procrastinate when it is very different than.

In addition to “eat a cutting wisdom,” the debt crisis has a domino in Ireland under the shadow of Portugal, Spain, Italy, and stability in the euro doubt, I am afraid that the EU is the root cause of overwhelmed by the rapid shot, maybe next week Portugal, the market will see the pressure to be unsustainable. European Central Bank on Friday to buy the Portugal national debt.

Barclays Capital’s report showed the first 4 months of next year, the Spanish government and the country’s banks will need to bond market to raise a total of 730 billion euros, the report suspected that the euro zone’s fourth largest economy could break through this time hurdle.

The face of heavy haze, the British heir to the Rothschild family, Evelyn de Rothschild suggested that Europe should try to attract the Asian countries including China, to invest in order to obtain growth opportunities.

Financial market one’s opponent

85 billion euros of emergency assistance to the Irish on the details once again demonstrated the strong pressure exerted when the financial markets, the Government only retreat.

Irish government two years ago, the country’s major banks had purchased senior debt commitments to investors, even if the bank fails, their bonds may also be protected. But in the rescue negotiations, insisted that the German private bank senior debt holders should share the cost of a rescue plan. For fear of investment impairment, on Friday, the Irish were a number of large banks to sell bonds. This next to sit on for the rest of Europe could trigger a chain reaction of banks and Germany finally gave up the idea persist.

Meeting of finance ministers around Ireland is also considerable controversy over interest rates, Germany would like to rescue lending rates set at 7%, of which the Bank of Ireland to be included on the punishment for reckless lending practices; Britain urged to avoid standing on the side of Ireland to Irish interest rates unbearable.

In May this year, the Greek EU Joint IMF bailout 110 billion yuan in very stingy in the UK, this is also one stroke out of 3.8 billion euros in loan dilemma neighbors.

Ireland eventually get the package and the average interest rate is 5.83%, doing not only higher than that of Greece gained 5.2% interest rate loans, and a floating interest rate. Irish Prime Minister Brian Cowen admitted that this is the best result.

The rescue plan itself is a double-edged sword, and its attached strict conditions meant further cuts and raising taxes. Royal Institute of International Affairs International Economics Senior Vanessa Rossi pointed out that once the financial constraints led to further deepening the country’s economic recession, the loan may be difficult to repay.

Cloud of the Iberian Peninsula

Greece and Ireland, who became the third euro zone countries need to rescue?

Financial markets point to Portugal.

Portugal to accept the possibility of rescue is clearly increasing, it is possible closed-door talks have begun, as with Ireland, Portugal is not stretched to the immediate need of money for help. In fact, the country has completed the planned bond sales this year until next April, will face the Redemption.

Portuguese Parliament on Friday approved the government’s 2011 budget proposal, which contains 30 years, the biggest spending cuts. Portuguese Finance Minister Santos believes that if all goes well, the Government of Portugal would be sufficient to cope with its deficit reduction needs; but he emphasized that it is “if” because the end result will depend on how the international market, the performance may be. He accused the Portuguese market to greater pressure on public finances.

However, this year, Portugal’s income and expenditure gap. Barclays Capital, said Julian Callow, chief European economist, Portugal and Ireland different issues, not financial issues, but issues related to economic structure.

Although Portugal’s banks are not Irish so bloated, but the country’s weak economic growth over the years, and no signs of improvement, and Spain next year’s economic growth is expected to only 0.3%, the unemployment rate as high as 20%, private sector debt accumulated before the crisis to a considerable at 2.1 times GDP, far more than Germany and France, the average debt ratio of private enterprises. Earlier this year, international investors started to worry about the long-term bonds held by the country risk.

Spanish Finance Minister Salgado complained, “speculative attacks” to their causing trouble, but Spain had to reach out to the bond market more times.

Spanish government established a 99 billion euros fund to support the scale of the banking system, but only 12 billion euros of the fund and 11 billion euros pre-allocation funds have been extracted, the remaining gap of 76 billion euros, clearly have to continue to rely on bond financing.

As the Irish to accept assistance, the cost of borrowing between Portugal and the West has risen to record highs, which in turn increased their financing difficulties.

Author Bio: I am a professional editor from China Manufacturers, and my work is to promote a free online trade platform. http://www.cheaponsale.com/ contain a great deal of information about rhinestone iron on,steel grating,tony little’s gazelle, welcome to visit!

Category: Finances
Keywords: rhinestone iron on,steel grating,tony little\’s gazelle,