Economists warn of Euro collapse over Irish bail-out
Posted by Gina Dyer in Risk & Regs on Wed, 24/11/2010 - 10:37
Recent reports suggest Germany may pull out of the Euro amid fears over the Irish bail-out.
The future of the Euro could be in jeopardy as market jitters spread over the financial security of Portugal and Spain after the Irish bail-out.
Earlier this week it was announced that the EU approved a €90bn to Ireland in a bid to rescue the country’s ailing banks. Financial markets initially welcomed the move, but new fears for Portugal and Spain have plunged many into uncertainty once more.
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