Ireland’s soverign rating has been dropped

Friday, 15 April 2011 11:12

Ireland’s soverign rating has been dropped from to BAA3 from BAA1, pushing the euro lower and adding to renewed pressure on Euroland’s weaker countries.

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Euro falls hard.

Thursday, 14 April 2011 02:31

The Euro has tumbled from 1.45117 to 1.43752 this afternoon, further concerns regarding Ireland and the ECB statement that they are not going to continue bailouts forever has once again put pressure on the Euro.

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Is Portugal Next?

Wednesday, 13 April 2011 07:12

Former Portuguese PM has outlined a aid package to Portugal of over 80 billion euros, but it will only be paid after a June 5th election.

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Industrial output in Euroland rose

Wednesday, 13 April 2011 05:11

Industrial output in Euroland rose by less than expected in February, manufacturing increased in Germany and resumed growth in other members but fell in bailout strapped Greece and Ireland.

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Euribor lending rates rose to near a two-year high

Wednesday, 13 April 2011 01:14

Euribor lending rates rose to near a two-year high yesterday mainly off the back of expectations that the European Central Bank will continue to increase euro zone interest rates this year. The three-month Euribor rate rose to 1.327 percent from 1.320 percent on Tuesday.

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