Confirmation of my view on Ireland and Portugal from Olli Rehn

This is an update to today's weekly on Ireland and Portugal. Olli Rehn, the European Economics Commissioner has just confirmed my months' long forecast on how the Irish and Portuguese bailouts would proceed: with an OMT-style exit mechanism and loan extensions.
The Wall Street Journal's Matina Stevis reports:

Ireland and Portugal could apply to the European Central Bank's bond-buying program to facilitate their full return to the financial market while exiting their bailout program, European Economics Commissioner Olli Rehn said Tuesday.
Mr. Rehn's comments are the latest sign of support from the European Union for Ireland and Portugal as the two countries examine a range of options to lower the cost of their debt financing while preparing to re-enter international bond markets. On Mo...


As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.

Click here to join. Your readership is greatly appreciated!

Registered users can log in by entering details here or below.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More