Olli Rehn says consensus would be of great benefit to Ireland

The ECB might have “the keys to Ireland’s silver”, but there may be some loose ends to tie up.  There’s also a counter-argument to Morgan Kelly’s analysis here.

The European Commission’s Internal Markets Commissioner, Michel Barnier, can “see light at the end of the tunnel…”

Not excluding the possibility of an oncoming train…

And as RTÉ reports

European Commissioner for Economic and Monetary Affairs Olli Rehn has called for political consensus to back the Government’s four-year economic plan and the Budget.

Which is nice of him…  The same RTÉ report also notes

Ireland’s cost of borrowing continued to rise and the interest rate demanded by investors to lend money to Ireland for ten years stood at 8% this afternoon.

Irish banking stocks all saw big losses today again due to concerns about the state of the economy.

Bank of Ireland shares were down over 9%, while AIB dropped 3% and Irish Life and Permanent lost 18%.

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