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Ireland bail-out: British banks hit as Irish rescue falters

Publié par Clifford Armion le 23/11/2010

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Robert Winnett, Bruno Waterfield and James Kirkup

"The share prices of Royal Bank of Scotland and Lloyds fell sharply as stock markets took fright at the political chaos engulfing Dublin.

"It had been hoped that the £70 billion bail-out agreed between Ireland, the European Union and International Monetary Fund would ease investors' fears over the eurozone economies.

"But within hours of the Irish government admitting it needed help, the Green party - on whom Prime Minister Brian Cowen relies for support - called for a general election by the end of January.The suggestion prompted a fall in the value of the London stock exchange and the euro and a rise in the cost of borrowing for both the Irish and Spanish governments. The head of the eurozone warned that "crazy" market speculators could turn on Portugal and Spain next."

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Pour citer cette ressource :

"Ireland bail-out: British banks hit as Irish rescue falters", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), novembre 2010. Consulté le 25/07/2024. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/ireland-bail-out-british-banks-hit-as-irish-rescue-falters