Thursday October 22, 2020

Market Week

Your guide to what's going on in the markets

29th September, 2012

The big story

Last week, the 'game changer' got gamed when the finance ministers of Germany, the Netherlands and Finland issued a joint statement saying the €500 billion European Stability Mechanism would not take on 'legacy' bank debts when it started operating next year. The pronouncement effectively nixed Irish hopes of renegotiating the terms or amount of the €64 billion of bank recapitalisation costs currently borne by the Irish taxpayer. It also made Taoiseach Enda...

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