Technology Slice Blog

Ireland Debt Financial Crisis - EU-eurozone institutions are fighting the second debt crisis in six months and analysts now ponder openly how they would cope with a third and discuss how the single currency can be given a new lease on life. There are concerns that the strains could become systemic across Greece, Ireland, Portugal and Spain, the so-called weaker PIGS members of the eurozone, and infecting potentially even Italy. There is uncertainty about the structure of expected help for Ireland, and concern about what happens when an underlying EU-IMF rescue scheme for eurozone countries expires in two years' time. Unicredit bank chief economist Marco Annunziata, commenting that help for Ireland might calm markets temporarily, also referred to these broader issues of contagion to other countries and strains in the eurozone. "The real question which the markets are asking is what will happen after two years, at the end of the support programmes? Will it be really pos...