Markets pick up following Irish bail-out
The financial markets have welcomed the EU’s €90bn bail-out plan for Ireland, but ministers fear Portugal could be the next to topple in Europe’s financial house of cards.
Markets picked up this week amid news of the EU’s rescue plans for Ireland. The UK’s FTSE 100 was up 0.5%, while Germany’s Dax increased by 0.6%, and the euro strengthened to $1.376, but it could still trigger a financial crisis elsewhere in the eurozone.
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