Tuesday, 15 July 2008

Will Ireland Dump The Euro?

click here to go to the blogThe Irish Times runs a story today 15th July which explains that Irish Banks are no longer able to offer tracker mortgages. The banks no longer regard the ECB's official lending rates as fair and realistic estimates of the cost of raising interbank money, at least for Irish banks that is. The Euro, supposedly a single currency, has increasingly different values in different countries.

Posted on The Tap Blog