A draft paper a senior EU executive suggests that also senior debt holders would also take losses. This may apply to Allied Irish Banks (nyse:aib) and Bank of Ireland (nyse:ire). Both AIB and the Bank of Ireland have already “enjoyed” such bad rumors, but now that it appears in an official paper, it means trouble. It seems that some in the EU are responding to the anger felt in the member countries – people aren’t willing to put more taxpayer money in order to cover for the banks’ mistakes. Previous news about Allied Irish Bank and the Bank of Ireland: Allied Irish Bank to be Nationalized? Allied Irish Banks Scavenging Before Haircut Bank of Ireland Haircut More details about the draft paper by the EU executive can be found at this Reuters report. The Euro is down, but not due to its own troubles today, but rather because of excellent US data – both ADP NFP and Services PMI significantly exceeded expectations and boosted the US dollar. EUR/USD suffered losses. 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 AUD/USD Jan.6 -Aussie Continues Decline Against USD Tamar Schoppik 12 years A draft paper a senior EU executive suggests that also senior debt holders would also take losses. This may apply to Allied Irish Banks (nyse:aib) and Bank of Ireland (nyse:ire). Both AIB and the Bank of Ireland have already "enjoyed" such bad rumors, but now that it appears in an official paper, it means trouble. It seems that some in the EU are responding to the anger felt in the member countries - people aren't willing to put more taxpayer money in order to cover for the banks' mistakes. Previous news about Allied Irish Bank and the Bank of Ireland:… 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.
