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Updated 16:56
THE DEPARTMENT OF FINANCE has refused to comment on rumours of an IMF bailout for Ireland.
Ireland’s 10-year bonds rose above 8.6% this afternoon amid rumours of a possible IMF bailout for the country.
Speaking earlier today at a conference in Dublin, the Governor of the Central Bank Patrick Honohan said that an IMF intervention at this point would not entail a change in government policy.
Honohan said he did not believe Ireland would need outside financial assistance, but said the IMF would seek polices similar to those the government is putting together, RTÉ reports.
CMC Markets’ chief market strategist Ashraf Laidi tweeted earlier today:
ONLY RUMOUR SO FAR: hearing talk of possible IMF DEAL for Ireland here at the Dublin IFSS. #forex #euro #IMF NOTHINGconfirmed $
Neil Hume from the Financial Times sent a message:
WARNINGl THIS IS RAW. TOTALLY SPECULATIVE. “hearing talk of possible IMF DEAL for Ireland”, traders.
Minister Lenihan told the BBC last night that Ireland did not need an EU bailout and would return to the markets as planned next year to raise funds through bond sales.
However, a Department of Finance spokesperson told TheJournal.ie today that the department was not aware of the IMF deal rumours, and would not be commenting on them.
Reuters reported yesterday that concerns about sovereign debt in the eurozone – particularly in Ireland – were pushing debt-insurance costs to record levels, but had not trigged fears of a “global contagion” in the markets.
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This is totally shocking and an awful tragedy for Norway. My heart goes out to the victims families and the survivors. A terrible and horrific loss.
Who is the moron that gave you a thumbs down & why? Scarey & bizarre, totally agree with your sentiments.
This is the country that apart from giving us the Noble Peace Prize, also came up with Peoples’ Peace Prize all those years ago to Betty Williams & Marie Corrigan who didn’t win the Noble Prize and the general population belived that they deserved it and came up with the money themselves.
Why do I know this? My husband is Norweigan and at that time as a very young man he donated his weekly wage to the Prize as did most Norweigans.
This is a very peaceful, beautiful country and this is such a tragedy.
How ironic! So many of us was pointing out to the muslim extemists to blame for this. And this guy turns out to be an anti-muslim.
yeah, reports really jumped to the ‘muslim extremists’ conclusion!
have your say