Market Currents

• Wednesday, April 8, 2009

• 09:43 AM "We don’t need any [EU] bailout here," Ireland's finance minister Brian Lenihan tells Bloomberg in an interview. Ireland’s budget deficit is ready to soar to 10.8% of GDP this year, more than three times the EU's limit, even after plans to cut spending and increase taxes. (ETF: IRL) Comment!

• Tuesday, March 31, 2009

• 07:50 AM S&P downgrades Ireland's AAA sovereign credit rating by one notch on concerns about the country's widening budget deficit and the potential need to further stabilize its banking system. S&P put a negative outlook on the new AA+ rating. (ETF: IRL) Comment!

• Tuesday, January 13, 2009

• 07:37 AM Ireland will see more demolition than construction of houses over the next decade, an economist says, predicting home values could plunge 80% peak to trough. (ETF: IRL) Comment!