Re: Domino Effect at Work with Euro - Last Days of the Eurozone ? - UPDATE: S & P put EU on Negative Watch
RTE replaying the Schauble - Noonan press conference on a loop.
Schauble is clear enough that there is no agreement for a retrospective bailout for Ireland and that the new measures agreed at the Summit will not come into being until 2014.
He claims he is 100% clear that Ireland will not need a second bailout - another way of saying no deal.
Retrospective deal ? "A medium term issue - but if we don't stick to the same sentences there will be misunderstanding - saying the same as Noonan"
“ We cannot withdraw our cards from the game. Were we as silent and mute as stones, our very passivity would be an act. ”
— Jean-Paul Sartre