Ireland won’t default says PM

Last Updated on Wednesday, 20 April 2011 01:53 Written by BingoEnt Monday, 18 April 2011 09:56

Irish, Greek and Portuguese bonds fell today amid mounting speculation Greece will have to restructure its debt as too many it is the only way to survive.

Gold hits another record high.

Last Updated on Wednesday, 20 April 2011 01:53 Written by BingoEnt Monday, 18 April 2011 09:20

Well it is no wonder after today global market turmoil that gold has hit another high, trading at 1,497.30 in COMEX.

Euroland’s shares fell sharply on Monday

Last Updated on Wednesday, 20 April 2011 01:53 Written by BingoEnt Monday, 18 April 2011 08:16

The FTSE 100 closed down 125.93 points, or 2.1 %, at 5,870.08, its lowest close since March 23.

Standard & Poor’s downgraded its credit outlook for the United States

Last Updated on Wednesday, 20 April 2011 01:53 Written by BingoEnt Monday, 18 April 2011 07:31

Standard & Poor’s downgraded its credit outlook for the United States mainly due to congress not reaching an agreement on the budget deficit which has taken almost 200 points off the Dow at time of writing.

Restructure of Greek debt ?

Last Updated on Wednesday, 20 April 2011 01:53 Written by BingoEnt Monday, 18 April 2011 04:31

German sources have indicated today that a restructure of Greek debt will likely occur before the end of summer

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