InfoAnda - Euro hits two month low after Ireland bailout

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

U.S. rights activist crosses into North Korea | 26 December 2009
Democrats Proceed With Committee Debate On Climate Bill Despite GOP Boycott | 4 November 2009
Granite quote in WA park sparks Cobain controversy | 4 August 2009

Death toll from Afghan suicide blast rises to 13 | International | | 20 November 2009

Forum Views () Forum Replies ()

Read more with google mobile : Euro hits two month low after Ireland bailout

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Top Stories Most Popular Photos Full Coverage Sitemap Euro hits two month low after Ireland bailout AFP - Tuesday, November 30 Send IM Story Print Euro hits two month low after Ireland bailout BRUSSELS (AFP) - – The euro sank to a two-month low on Monday in a nervous first reaction to a giant bailout for Ireland that European governments hope will steady the under-pressure currency. Finance ministers who sealed the 85-billion-euro (113-billion-dollar) deal at emergency talks in Brussels Sunday were anxious to reassure Asian markets and head off any moves on Portugal and Spain, which are considered the next most vulnerable economies. But even as international financial leaders stepped forward to endorse the agreement, currency dealers in Tokyo gave their own verdict. After early gains, the single currency slipped to 1.3181 dollars Monday, its lowest level since late September, before rebounding above 1.32 dollars in a volatile session. Under the deal, Ireland's crippled banks will immediately receive 10 billion euros but will be subject to a "fundamental downsizing", the government said in Dublin. Related article: Irish banks handed immediate 10 billion bail-out They will be able to draw on a total of 35 billion euros (46.5 billion dollars) out of 67.5 billion euros in external aid from the European Union and the International Monetary Fund. But the first 17.5 billion comes from an Irish "treasury cash buffer and investments of the National Pension Reserve Fund," an EU statement said. Irish Prime Minister Brian Cowen insisted he had got "the best deal available" for Ireland and its people, a day after mass street protests in Dublin against austerity cutbacks introduced to qualify for the bailout. Related article: Ireland PM says 'best deal available' But opposition leaders denounced the deal, with Irish Labour Party leader Eamon Gilmore saying it amounted to "a national sell-out." Tens of thousands of protesters had already marched in Dublin Saturday to protest against the agreement. Business leaders, however, welcomed the deal. The governor of the Central Bank of Ireland, Patrick Honohan, said the international support "underpins a clear economic and financial policy path for Ireland." Danny McCoy, head of the Irish Business and Employers Confederation (IBEC), said it provided "much-needed certainty". And Bank of France governor Christian Noyer endorsed the plan Monday as he spoke to reporters at a financial forum in Tokyo. "The package has been clearly designed by the IMF and the EU and you can rely on the multi-decade experience of the IMF to put in place plans which are totally credible," he said. "There is absolutely no doubt that this plan will work." IMF chief Dominique Strauss-Kahn said he had no doubt Ireland would keep up its end of the deal. "Supported by substantial financing, this programme can underpin market confidence and bring Irelands economy back on track," he added in a statement Sunday. Non-euro countries Britain, Denmark and Sweden will provide bilateral loans totalling around five billion euros. As part of the deal, Ireland was given an extra year, until 2015, to bring its 2010 deficit of 32 percent of gross domestic product back within the permitted three percent limit. Ireland's coalition government unveiled a four-year plan last week that signalled spending cuts worth 10 billion euros and tax rises worth five billion euros, triggering the mass protests at the weekend. Timeline: Irish financial crisis Cowen said he expected Ireland to pay an average interest rate of 5.8 percent a year on the loans, subject to market conditions. "Without these loans the necessary tax increases and spending cuts would be far more severe," Cowen insisted. Brussels said it would also consider re-scheduling repayments on Greece's 110-billion-euro loans, as part of broader moves to convince bond buyers to keep interest rates at manageable levels. Greece was the first recipient of a major EU-IMF bailout earlier this year. The EU ministers also drew up rules for future rescues that, under stringent IMF terms, would hit government bond investors. They agreed that the private sector would share the burden in future bailouts after an existing eurozone emergency fund worth 440 billion euros expires in 2013. "Rules will be adapted to provide for a case-by-case participation of private sector creditors, fully consistent with IMF policies," said a statement. Recommend Send IM Story Print News Search Top Stories Shareholders seal BA-Iberia merger WikiLeaks unleashes a flood of damaging US cables Euro slumps to two-month low after Irish bailout Euro hits two month low after Ireland bailout Election chaos in Haiti as candidates cry foul More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Britain's Prince William happy to wait for crown Obama gets 12 stitches after 'elbow in the lip' 'Naked Gun' star Leslie Nielsen, dead at 84 Brazil claims 'D-Day' victory on Rio slums Blasts kill Iran nuclear scientist, wound another More Most Viewed » 'Naked' airport scanners may be 'dangerous' EU fines 11 airlines 800 million euros for air cargo cartel Pilgrims stone 'devil' as Muslims celebrate Eid World leaders scramble for funds to save the tiger US, S.Korea plan war games after N.Korean attack More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Monday, 29 November 2010
Protests and clashes as Egypt holds general election
Spain's ruling Socialists defeated in Catalonia
Hope smells sweet as Gaza exports strawberries
Opposition cries foul in Egyptian election
Irish bailout fixed at 85 billion, 35 billion for banks
Lebanese PM calls in Tehran for Arab-Iran unity
U.S. Refuses WikiLeaks Request For Information About Threatened Individuals
Brazil claims 'D-Day' victory on Rio slums
Moroccans protest against Spanish opposition party |
Iran offers Hariri help for Lebanese military
Israel to crack down on illegal migrant workers
Gunmen kill 3 Afghans in attack in country's east
Lebanese PM calls in Tehran for Arab-Iran unity |
Iran obtained missiles from North Korea: leaked US documents
India calls new meeting over parliamentary impasse
India calls new meeting over parliamentary impasse |
Hundreds pour into Thailand after Myanmar clashes
WikiLeaks documents reveal sensitive U.S. cables
Acer aims to top global PC market in 2011: report |
Five dead elephants believed poisoned in Indonesia
Spain's ruling Socialists defeated in Catalonia
South Korea vows retaliation against any further attack |
Wi-Fi lifeline reaches remote Himalayas
Europe fixes Irish bailout, future rescue rules
Protests and fraud charges roil Haiti elections |
WikiLeaks unleashes a flood of damaging US cables
U.N. climate talks seek to bridge rich-poor divide |
Fresh Wikileaks Documents Upsets Arab Leaders, Embarrass U.S.
U.S. Issues Statements As WikiLeaks Documents Start Damaging Appearance
Cambodia PM says no one responsible for stampede |
Saudi king urged U.S. to attack Iran
Two blasts in Iran's capital, one dead: report |
Violence and accusations as Ivory Coast voting ends |
Swiss vote to expel convicted foreigners |
US-TECH Summary
Acer aims to top global PC market in 2011: report
Thai court prepares ruling in PM party funding case |
Pro-Europe rulers lead Communists in Moldova vote |
South Korea vows retaliation against any further attack
England moral victors in drawn first Ashes Test
N.Korea's Kim and heir watch musical performance
Thailand's ruling party braces for ban verdict
NZealand announces probe into mine disaster
Rising labour shortage hits China's key delta regions
Legalise same-sex marriage to curb HIV: Chinese experts
Online bargain-hunting spreads beyond Cyber Monday |
Few smartphone owners are loyal to their brand: survey |
Fiji Water pulls plug on deal with Pacific nation
Taiwan c.bank: hot money measures effective
Pakistan
Macau tycoon pays 330,000 US dlrs for two truffles
COMMENTARY: Expect little from Cancun talks
US-ENTERTAINMENT Summary
Euro falls to two-month low after Ireland bailout
Dole hit with $200,000 penalty over movie lawsuit
Aussie reveller dives from building, misses pool
"Naked Gun" actor Leslie Nielsen dead at 84
'No punishments' over deadly Cambodian stampede: PM
Hospital train heals Argentina's poor
Naked Gun actor Leslie Nielsen dead at 84 |
Harry Potter still king of the world |
Dole hit with $200,000 penalty over movie lawsuit |
Producer brings 3D video-on-demand porn to Europe |
Taiwan financial markets get brief election lift
'Naked Gun' star Leslie Nielsen, dead at 84
NZ business confidence rises in November
Korea Hot Stocks- Korea Exchange Bank shares tumble
Seoul shares shed 0.3 pct on N.Korea, Europe worry
Court battle looms as hundreds of Picassos turn up: report
Classic comic actor Leslie Nielsen dead at 84: report
Producer brings 3D video-on-demand porn to Europe
"Harry Potter" still king of the world
Euro hits new two-month low on eurozone fears
S.Korea won off highs; N.Korea risk discounted
Iran accuses CIA, Mossad of nuke scientist killing
Shareholders seal BA-Iberia merger
Saudi king urged U.S. to attack Iran: WikiLeaks |
Euro slumps to two-month low after Irish bailout
Executives in India loans probe to face hearing: sources |
Israel says Wikileaks vindicates its Iran focus
Euro hits two month low after Ireland bailout
"Burlesque" Debuts At Disappointing 4th Place At The Box Office Weekend
U.N. says Ivory Coast poll was democratic |
Blast 'kills top Iran nuclear scientist,' Israel blamed
Man Mistakes BB Gun For The Real Thing In Deadly Thanksgiving Day Prank
Election chaos in Haiti as candidates cry foul
Thanksgiving Weekend Yields 6 Percent Rise In Sales
Gaddafi issues warning to EU over African trade |
Blasts kill Iran nuclear scientist, wound another
Iran blasts kill one nuclear scientist, wounds another
'Naked Gun' star Leslie Nielsen, dead at 84
Walking May Slow Alzheimers Cognitive Decline
Iran accepts date for talks with powers: Ahmadinejad |
WikiLeaks Rolling Out Quarter Million Documents With 15,652 Classified “Secret”
Israel consulted Egypt, Fatah on Gaza war: WikiLeaks
NATO says six troops shot dead in east Afghanistan |
DEA Seizes 20 Tons Of Marijuana, Worth $20 Million
Blasts heard in restive Kyrgyzstan city |
NATO: 6 service members killed in Afghanistan
Study: Being Too Clean May Be Bad For Your Health
Chavez opens his palace to Venezuelan homeless |
US deployment to Afghanistan outstrips Soviet war
China AIDS death toll up nearly 20,000 in a year
Indonesia closes airport as volcano rumbles
Cambodia PM says no one responsible for stampede
S.Korea vows N.Korea will pay for future provocations
OR Muslims plea for safety after bomb plot arrest
Pakistan defends nuclear stance revealed by WikiLeaks
FBI: Planes, dogs, psych experts seek 3 Mich. boys
Bigger eruptions in Indonesia 'likely'
NYC teacher caught up in Spanish curse debate
Korean included in top ten Internet languages
Global minimum and maximum temperatures
Pakistan's Zardari barred from pardoning C
Microsoft in talks for new TV service: sources |
Gartner cuts PC shipment forecasts for 2010, 2011 |
Amazon.com looks to enter new markets: report |
Supreme court to hear Microsoft appeal on i4i patent |
Gartner cuts PC shipment forecasts for 2010, 2011
Will Narnia blockbuster sink or sail, pundits ask |
Amazon.com looks to enter new markets: report
China's Tencent to offer Facebook-like services: report
Few smartphone owners are loyal to their brand: survey
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01