In a dramatic press conference, Irish PM Cowen announced that he would dissolve the parliament right after the budget passes. But can he pass it? The Irish government, led by prime minister Cowen and by finance minister Lenihan, may not be able to pass the 4 year budget. Their coalition partner, the Green Party, demanded elections, and some other members aren’t supportive of the budget. Add a by-election that could narrow the coalition’s majority even further, and you have tough times. Without the budget, there’s no EU / IMF package, and this is bad not only for Ireland, but for Spain and Portugal as well. Full story at the Irish Times. The crisis is far from over – this is well reflected in the Euro. EUR/USD erased all the initial gains it made after the announcement that Ireland will ask for aid. We’ll get more violent market action on Thursday and Friday, as Thanksgiving provides thin volume from the US, but the Europeans are very very busy… Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex Bits share Read Next EUR/USD Nov. 23 – Falls to Low Support on Crisis Yohay Elam 12 years In a dramatic press conference, Irish PM Cowen announced that he would dissolve the parliament right after the budget passes. But can he pass it? The Irish government, led by prime minister Cowen and by finance minister Lenihan, may not be able to pass the 4 year budget. Their coalition partner, the Green Party, demanded elections, and some other members aren't supportive of the budget. Add a by-election that could narrow the coalition's majority even further, and you have tough times. Without the budget, there's no EU / IMF package, and this is bad not only for Ireland, but for… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
