by Calculated Risk on 2/27/2011 08:24:00 PM
Sunday, February 27, 2011
Ireland to try to renegotiate bail-out terms
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.Watch the yield on Ireland's Ten Year bond today.
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.
• 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)