Irish officials carefully watch Greek situation

Senior government officials are closely monitoring the developing crisis in Greece, with the IMF threatening to withhold its share of the next €12 billion which the Greek government needs next month.

28th May, 2011

Senior government officials are closely monitoring the developing crisis in Greece, with the IMF threatening to withhold its share of the next €12 billion which the Greek government needs next month.

The crisis has led to a new bout of nerves on the markets, with Irish ten year bond yields closing last Friday above 11 per cent amid mounting uncertainty about how the crisis will now unfold.

Greece’s government and opposition parties failed to reach a...

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