Topic - Jay H. Bryson

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  • Brian Cowen

    Bailout sparks crisis in Ireland

    The European Union's promised bailout set off a political crisis in Ireland on Monday while it did little to calm market fears that Portugal — and possibly Spain — will be the next to need assistance.

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Quotations
  • But even the mild increase in Spanish interest rates seen thus far, if sustained, eventually could force the government into a funding crisis, he said.

    Bailout sparks crisis in Ireland →

  • The yields on Portuguese bonds are hovering near all-time highs, just like Ireland's, he noted, reflecting the judgment of investors that the country is overburdened and in danger of default.

    Bailout sparks crisis in Ireland →

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