Wednesday, November 17, 2010

Germany doesn't want to bail out Ireland

From Mish's Global Economic Trend Analysis:

In case you were wondering about why there is intense pressure on Ireland to accept a bailout from the EU and the IMF, look no further than the fact that European banks have $650 billion Exposure to Ireland.

Nonetheless, in a clear backhand slap in the face to Ben Bernanke, Germany's Economy Minister says, "the European Union cannot throw money from helicopters." Let's explore this messy situation...

Read full article...

More on the euro crisis:

Return of the euro crisis: Irish yields are exploding higher

The Greek bond selloff could mean trouble for U.S. stocks

You can profit from the euro collapse without touching the dollar


View the original article here

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