Ireland Throws A Wrench Into The “Euro” Works!

Posted By on January 23, 2011

Ireland is out to make things interesting, with a sledge hammer……and everyone thought Europe’s problems were going away!  Hmm!

The BBC has just reported that the Irish Green party has pulled out of the ruling coalition with Fianna Fail which is “expected to bring forward the general election from 11 March.” In other words suddenly the entire Irish “rescue”, taken for granted for over a month, will have to be reexamined, once the new ruling party, which will certainly be from the current opposition reevaluates the terms. Elections are now expected to come some time in mid-February. Look for peripheral bond spreads to go whooosh tomorrow.

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