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SECOND BAILOUT MAY BE IMMINENT

Euro banknotes

Credit rating agency Moodys has said that Ireland may face the need for a second bailout once the current bailout taken through the IMF/EU runs out at the end of 2013. The agency warned that Ireland might have difficulty regaining access to the¬†European¬†market once that deal expires. In that case, it said, Ireland may have to rely, at least partially, on funding from the European Stability … [Read more...]