When Ireland finally decided this weekend to accept a bailout, the hope was that it would relieve pressure on other indebted euro-zone governments. But that hope looked naive today as investors sold off stock and bonds in Portugal and Spain, which analysts say are next in line for a bailout. Comments this morning from German Chancellor Angela Merkel — who said that Ireland’s crisis was “very worrying” and that the E.U. is in “an extraordinarily serious situation as far as the situation of the euro is concerned” — ended up spurring more sell-offs. In an op-ed, business-school professor Geoffrey Wood also sounded skeptical about the fate of the euro: If Portugal or even Spain may need a bailout, the burden on the euro zone’s economic center, Germany, will increase further. How long will it be able to bear it? And how long will it be willing to do so? At some point the markets will question the stability of the whole euro project. … [Read more...] about Is Ireland Patient X for the Next Financial Contagion?
Photo: PRWeb Photo: PRWeb Image 1 of / 1 Caption Close Image 1 of 1 Photo: PRWeb Great Hotels of the World Announces Successful 2019 and Confidently Sets Sights on an Exciting 2020 1 / 1 Back to Gallery Great Hotels of the World (GHOTW), the renowned international hospitality brand representing a collection of some 50 mainly independent hotels worldwide, had a remarkable 2019 as a result of its strong growth driven strategy focused on increasing the range of services and value to member hotels, as well as, increasing and expanding supply to buyers from the MICE and Corporate market segments. LISBON, Portugal (PRWEB) December 11, 2019 GHOTW reports significant growth over 2019. The company’s ambitious agenda has yielded exciting results throughout … [Read more...] about Great Hotels of the World Announces Successful 2019 and Confidently Sets Sights on an Exciting 2020
The governor of Ireland’s Central Bank says he expects Ireland to accept a loan worth “tens of billions” of euros as part of a huge, E.U.-backed bailout. Concerned about the loss of face that comes with admitting its solvency is dependent on Brussels, the Irish government has yet to comment, denying that it requested the aid package. But resistance looks futile if Ireland wants to avoid angering fellow eurozone countries like Spain and Portugal, who are concerned about volatility in the financial markets. Despite its massive budget deficit and impending spending cuts and tax hikes, Ireland has thus far insisted it won’t need loans until next year. Irish Republic to get bail-out loan, says central bank [BBC via Daily Beast] … [Read more...] about Ireland to E.U.: Look, We Never