Ireland may eventually leave the Euro-zone, abandon the Euro currency. That’s what chief executive in PIMCO, Mohamed A El-Erian thinks. Will the Irish pound, IR £, the currency Ireland had before the Euro, make a comeback? In an interview on CNBC, quoted by the Irish Times, El-Erian said that bailouts for Portugal and Spain are imminent, and “Unless we see more than just liquidity support, unless we see something that deals with the balance sheets, expect this contagion to go up,” he said. Maybe Trichet will indeed resolve the situation by continuing buying bonds, printing euros and pumping liquidity. He gave real hope for a resolution. For an outlook and technical levels see the EUR/USD forecast. 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 Spain Under Pressure Yohay Elam 12 years Ireland may eventually leave the Euro-zone, abandon the Euro currency. That's what chief executive in PIMCO, Mohamed A El-Erian thinks. Will the Irish pound, IR £, the currency Ireland had before the Euro, make a comeback? In an interview on CNBC, quoted by the Irish Times, El-Erian said that bailouts for Portugal and Spain are imminent, and "Unless we see more than just liquidity support, unless we see something that deals with the balance sheets, expect this contagion to go up," he said. Maybe Trichet will indeed resolve the situation by continuing buying bonds, printing euros and pumping liquidity. He… 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.
