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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
German tv just reported Ireland requires only for bank bailout far more money than expected.
Big pressure on Merkel has already started as fears mount Anglo Irish bank could be a bottomless hole just as German Hypo Real Estate which sunk already Eur 120 bln but was initially expected 10 bln by Merkel.
No restructuring no haircut. This flushes taxpayer billions in the accouints of russian oligarchs
who are dominantly behind the Anglo Irish bank and Ireland bond crisis.
Merkel&Schuble lost the case again. If the backgrounds are made public ( not likely, however)
Merkel faces political disaster.