Rescued by the news of the Irish http://www.cheapairmax-nikeshoes.com/ , European markets and the euro was higher, but then fell back by the rise.

After several weeks of setbacks and controversy, Ireland or the European Union and the International Monetary Fund (IMF) proposed a package of financial assistance requests. Yesterday, the EU and the IMF began to study the details of the Scheme. Rescued by the Irish news, European stock markets opened higher yesterday, but fears about the next outbreak of a sovereign debt crisis, the euro fell again after obtain temporary support cheap air max 2019 , the European stock markets also fell back by the rise.

Tighten fiscal or trigger protests

Irish Prime Minister Brian confirmed that Ireland and the IMF to the EU's package of financial assistance request has been approved by the EU, this 3-year financial assistance is requested with the Irish banking sector restructuring and the fiscal deficit reduction plan bundle. However, Brian stressed that whether to increase its 12.5% corporate tax is not included in the agenda of the negotiations.

IMF aid in the European financial stability be arranged within the framework of the mechanism, the scale will be less than 1000 billion euros. Moody's is expected, the total size of the Irish aid programs will reach 80 billion to 95 billion euros. Britain and Sweden have expressed their willingness to provide aid for the Irish. Osborne said yesterday that the British Chancellor of the Exchequer, the British consider a unilateral offer to the Irish about 70 billion pounds in loans.

The Irish Government will be closely watched this week fiscal austerity plan. Under the plan, the Irish government will cut in 4 years cheap air max 95 , 15 billion euros deficit in order to achieve the 2014 deficit to GDP ratio of the control requirements in the EU within 3%. Analysts said further tightening may inspire Irish social unrest. Irish Workers Union has planned a protest on the 27th.

Ireland by the country's strong support for help

Irish finance minister Lenihan said yesterday that the Irish banking sector has threatened the entire euro area banking system, does not rule out the occurrence of more bank mergers and acquisitions. However, Ireland still has cash reserves, not bankruptcy, the EU's aid to quickly return to the bond market to Ireland, so Ireland can re-borrow in the future.

Ireland, after issuing a request for assistance cheap air max 97 , IMF's Strauss-Kahn issued a statement, welcomed the EU and euro area financial assistance to countries to take measures against the Irish. Group of Seven finance ministers also issued a statement that the coordinated efforts of the EU and the IMF, reflects the international community is determined to take swift and decisive action to maintain market stability and safeguarding the global economic recovery.

Optimistic that the United States is holding the attitude, the U.S. Treasury, welcomed Irish and EU to seek IMF assistance for decision.

Or continue to pressure the euro

Irish EU financial aid applications approved heating the news driving the market sentiment yesterday MSCI Asia Pacific Index rose 0.7% in the Nikkei 225 index rose 0.93% to close at 10,115.19 points, the highest in nearly 5 months since a new high. European shares opened slightly higher yesterday cheap air max 90 , but then fell back. Irish stock market, fell by the rose, the Irish bank shares fall 17% intraday.

European trading session yesterday, the euro rebounded against the dollar crashed, then he turned down. It is worth mentioning that, Ireland, Spain cheap nike air max shoes , sovereign bond credit default swaps (CDS) rates decreased, but the Portuguese sovereign bonds, credit default swap rates continued to rise. Moody's said yesterday that Ireland's sovereign credit rating for observation is likely to lead the country's downgrades more files, but Ireland will remain investment-grade rating.

Some analysts said the market turmoil has forced Ireland to apply for assistance from the EU, Portugal and Spain will become the new target market fears, investors are worried about the next outbreak of a sovereign debt crisis, the euro's break time may not last.
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