NEW YORK (AP) -- Confidence that Ireland will work out the details for a bailout and strong interest in General Motors' initial public offering lifted stock futures Thursday.
Markets had been roiled in recent days by fears that Ireland would be the latest European country to face a possible default, following Greece's near collapse in May. But confidence is building that Ireland will reach a deal soon with the European Union and International Monetary Fund to provide a backstop should the country not be able to pay its outstanding debt. The EU, IMF and Irish leaders are meeting Thursday.
I think EU is better prepared to handle the bailout of Ireland after what happened to Greece over the summer. I recall that Ireland has the third highest GDP of all nations in EU. So it is obvious that saving Ireland is crucial from defaulting.
What do you guys think about GM? How would this benefit the taxpayers?
No comments:
Post a Comment