Fears see Irish bond sell-off

first_imgMonday 8 November 2010 9:58 pm Tags: NULL KCS-content Show Comments ▼ More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.com whatsapp IRELAND came under renewed pressure yesterday as investors remained wary of buying Irish assets after Germany stood firm on its call for bondholders to bear a share of the cost should Dublin need a bailout.The premium investors demanded to hold Irish debt over benchmark German bunds hit new highs extending a month-long climb that has seen Irish borrowing costs repeatedly break records with the yield on Irish 10-year bonds hitting eight per cent for the first time yesterday.European Union (EU) economics commissioner Olli Rehn moved to reassure investors during a two-day visit to Ireland saying he had not discussed any need for an EU bailout, adding he believed market confidence would be restored once the country published its four-year plan to cut debt. “Ireland has not requested the activation of any European financial backstops, we have not discussed this matter this evening. We have discussed the four-year fiscal plan and the next year’s budget,” Rehn told a news conferenceThe Irish emergency budget will be published on 7 December with a pre-Budget report due this week pushed back to later this month by Irish finance minister Brian Lenihan. Share whatsapp Fears see Irish bond sell-off last_img read more