Sunday, February 27, 2011

Ireland to try to renegotiate bail-out terms

by Bill McBride on 2/27/2011 08:24:00 PM

Earlier on U.S. economy:
Schedule for Week of February 27th
Summary for Week ending February 25th

• From the Telegraph: Enda Kenny to call for bail-out to be renegotiated

Ireland's new leader [Enda Kenny] travels to Helsinki on Friday for a meeting ... with the German chancellor and French president over the EU and International Monetary Fund austerity programme.

He will plead with the EU for reduced interest rates .... [and] will also ask that investors, often other European financial institutions, take on some of an £85 billion debt burden of Irish banks, currently carried by taxpayers.
Watch the yield on Ireland's Ten Year bond today.

• After the Friday meeting in Helsinki on March 4th, there will be a special eurozone debt crisis summit on March 11th.

• Here are the Ten Year yields for Portugal, Spain, Greece, and Belgium (ht Nemo)