Irish bailout fails to restore faith in PIIGS debt

Irish euro

Despite the promise of a European Union and International Monetary Fund bail-out of up to €90 billion for Ireland, five-year credit default swaps (CDS) on the country's sovereign debt widened from 503.4 basis points at close of trading on November 19, to 525.6 bp at 16:30 today, implying persistent investor fears over Ireland's solvency.

Worries over peripheral European debt spread beyond Ireland - CDS on Greek sovereign debt jumped from 963.3 bp to 1001.4 bp today, and spreads on Portugal went

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: