More ripples than shockwaves on markets

Last week’s news of IMF intervention and the four-year plan had limited influence on already depressed Irish stocks, writes Business Correspondent Samantha McCaughren

27th November, 2010

The details of a four-year plan to push e 15 billion in cuts through the Irish economy and confirmation that a financial bailout was being arranged were just two of the news stories which Irish investors had to digest this week.

Rumours about the future of the banks and possible arrangements with their bondholders have also been swirling around in recent days.

But developments which would have caused shockwaves in the exchange even a few weeks...

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