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Contagion Fears Now Racing Towards Ireland

The euro just slid amid a quick flurry of headlines (via Bloomberg) from both Greece and Europe. Here’s what just happened.

Greek PM George Panadreou told the Greek parliament that national unity is needed more than ever.

Translation: There’s no austerity agreement.

Translation to that: Without an austerity agreement there’s no cash tranche from the EU IMF.

He’s also hinting at some kind of referendum on reforms.

In addition to threatening domestic lawmakers, he also said the EU has screwed up in its handling of the situation as well. So basically everyone is to blame (but him).

And now things are happening in Ireland.

Read more: http://www.businessi…6#ixzz1PSKNQ9Rc

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