• 4 year fiscal plan must first be produced, budget passed and IMF support secured
  • Past week has been a traumatic one, people feel misled and betrayed
  • Has informed Prime Minister of Green party’s call for parliamentary election
  • Reached a point where Irish people need political certainty
  • Regrets very much that country is in the hands of IMF, Green party deeply upset
  • Can no longer continue in govt once budget, fiscal plan, IMF deal in place

This isn’t helping matters chaps. Time for cool heads. Some of that sounds like border-line hysteria (or is it political opportunism?) Not helping whatever it is.

EUR/USD selling accelerating, presently down at 1.3690.

Ireland’s ISEQ continues under pressure, presently down at 1.2%.