Exchange Rates

ECB Expresses “Concern” Over Ireland’s Position

Posted by Scott Boyd at 9:20 am UTC, 12/20/2010

The European Central Bank (ECB) says it has “serious concerns” about the quality of the collateral offered by Ireland in exchange for the 85bn euro (US$112bn) the Republic received in emergency funding. The Bank also noted that other issues with the legislation around the Irish bail-out could impact future requests for emergency funding.

Source: BBC News

Filed under: Forex Round Up, EUR

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