Tuesday, November 23, 2010

THE COST of Ireland's rescue could actually end up being twice the current estimates. This doesn't look good. At all.

UPDATE. Meanwhile, Spanish bonds are falling fast; the debt premium, which has been rising all day, is now on the verge of 300 points just passed 300 points, which is the highest in 15 years. Angela Merkel has said that the prospect of serial European bailouts is "exceptionally serious."