ΤΟ ΕΥΡΩ ΠΕΦΤΕΙ, Η ΙΡΛΑΝΔΙΑ ΚΑΙ Η ΠΟΡΤΟΓΑΛΙΑ ΕΞΩΘΟΥΝΤΑΙ ΣΤΟΝ ΜΗΧΑΝΙΣΜΟ ΣΤΗΡΙΞΗΣ ΚΑΙ Η ΜΕΡΚΕΛ ΕΠΙΜΕΝΕΙ..

Irish contagion hits wider eurozon

Evidence is growing of the impact that Ireland’s record cost of borrowing is having on the wider eurozone, with signs of contagion spreading throughout the debt markets of the single currency bloc.

Irish bond yields hit fresh highs while the extra cost that Italy and Spain pay for borrowing over Germany jumped to levels not seen since the launch of the single European currency in 1999.

Ms Merkel’s insistence that the new system should force private investors, including bondholders, to shoulder more of the costs has spooked the market even though it would not be in place until 2013 and would affect only new borrowing after that date.Portugal called for an urgent clarification of Germany’s proposal. Fernando Teixeira dos Santos, Portugal’s finance minister, said European institutions should “clarify with the greatest possible urgency how this mechanism will work”. ''F.T.''
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CNN..
Και η δική μας πρόβλεψη.. 

''Μερίδιο στις ζημιές σε περίπτωση αναθεώρησης κρατικού χρέους θα πρέπει να αναλαμβάνουν και οι επενδυτές δήλωσε η Γαλλίδα υπουργός Οικονομικών, Κριστίν Λαγκάρντ, συντασσόμενη με την αντίστοιχη γερμανική θέση. Η θέση αυτή εκτίναξε τα ιρλανδικά και τα πορτογαλικά ομόλογα σε επίπεδα ρεκόρ..'' ΤΑ ΝΕΑ
Διαβάστε..http://www.tanea.gr/default.asp?pid=2&ct=3&artid=4603736

''..Speaking in Seoul, where she is attending the G20 summit, Dr Merkel acknowledged her demands have upset the markets but insisted it was unfair for taxpayers to be saddled alone with the cost of sovereign rescues. “Let me put it simply: in this regard there may be a contradiction between the interests of the financial world and the interests of the political world,” Dr Merkel said.

“We cannot keep constantly explaining to our voters and our citizens why the taxpayer should bear the cost of certain risks and not those people who have earned a lot of money from taking those risks.”

European Commission chief José Manuel Barroso moved to shore up confidence in Ireland by saying euro countries stand prepared to provide emergency aid if required, but officials stressed the Government has not asked for such assistance.

The Irish Times has established, however, that informal contacts are under way between Brussels, Berlin and other capitals to assess their readiness to activate the €750 billion rescue fund in the event of an application from Dublin..'' THE IRISH TIMES

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