Ireland bailout

S&P Downgrades Ireland's Debt to A-

Standard & Poor's downgraded Ireland's debt rating by one notch on Wednesday due to concerns over possible increased capital requirements by the country's banks.

Ireland's Credit Rating Downgraded 3 Notches by Fitch

Fitch Ratings has downgraded Ireland three notches from A to BBB , citing the costs of restructuring the Irish banking system, the country's weak growth prospects, and uncertainty about its economy due to the deepening financial crisis, despite the international economic assistance it received last month.

Ireland's Austerity Budget:
Not Likely to Avoid Default

Despite its planned austerity budget, the long-term solvency of Ireland is still in doubt. Simply put, the losses which Irish taxpayers must cover are larger than the nation's economy can support, making sovereign debt default likely even with a promised bailout from the EU and IMF.

ECB Leaves Rates Unchanged; Markets Await Word from Trichet

The European Central Bank left interest rates unchanged for a 20th straight month. Officials at the ECB in Frankfurt left the benchmark lending rate unchanged at 1%, Bloomberg News reported. The move was widely forecast by analyst and economists.

Spain to Sell Stake in State Lottery as Debt Crisis Looms

With the fears of a European sovereign debt crisis growing worse, the Spanish government said Wednesday that it's taking several measures to stop the fiscal contagion from reaching its shores, including selling a 30% stake in its national lottery business, Bloomberg reported.

What to Watch for in the Dollar's Moves

The stock market is often coy about announcing when its trend is about to change direction, but DailyFinance's technical analysis guru, Charles Hugh Smith, sees a downward shift coming. His basis for bearishness is a relationship that has applied often in the markets -- the dollar-stocks see-saw.

Ireland's Credit Rating Cut by Standard & Poor's

Ireland%u2019s credit rating was lowered two notches by Standard & Poor%u2019s, as the country prepares to offer a four-year budget aimed at slashing the deficit. "The Irish government looks set to borrow over and above our previous projections to fund further bank capital injections into Ireland%u2019s troubled banking system," S&P said, according to Bloomberg News.

Can Hong Kong Gently Deflate Its Real Estate Bubble?

Hong Kong took a new step this week to let some air out of its real estate bubble, levying a heavy tax on property flippers -- a move that has already sent asking prices there downward. But Hong Kong's real estate risks are dwarfed by those in Mainland China.

Ireland Deal: Euro-Politics Plays a Major Role

Investors should stay focused on the dynamics within European politics that shaped the rescue. Other indebted economies -- like Spain, Portugal and Italy -- could find themselves in a similar situation, after all. And politics will again guide market moves.