Iseq at a loss over how to fight back
As fears of a default by Greece mount, the knock-on for investors with shares or bonds could be serious
An appalling week for international stock markets has left the jaws of Irish investors hanging open as they try to comprehend the scale of their losses in four short days.
Not since the Lehman Brothers collapse of September 2008 have Irish bond yields been so high, and the knock-on effect of the Greek meltdown left the Iseq bloody and bruised. Last Friday, brokers were describing the latest meltdown as ‘‘the sub-prime crisis part II’’....
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