Threatened Irish Bankrupt?

Standard and Poor's said the cost of insurance against sovereign debt hit a record high Irish or exceed standards.
The cost to support the Anglo Irish Bank could trigger the country's debt downgrade.
In five years, Credit Default Swaps (CDS) Irish Government debt rose 519 points compared to 488.5 bps earlier, based on observations of CMA. This means it takes a fee of 519 thousand euros to protect 10 million euros in bonds offered by Ireland.




In the span of 10 years of Irish, German bond yield spread last-ranked 461 basis points, the highest in the history of the euro. Meanwhile,
Portuguese CDS rise about 20 bps per day to 450 bps. Standard & Poor's estimates that Ireland should inject funds amounting to 35 billion euros into the Anglo Irish Bank.
"It seems a number of banks increasingly realistic and try to avoid things that can trigger a decline in ratings," said an analyst at S & P.
"Plan B Government in collaboration with Anglo that 35 billion figure could be exceeded. If it's going to happen, then the potential existence of further action lowered ratings from Standard & Poor's," he added.
However, a Finance Ministry spokesman confirmed the Anglo Irish debt will not make the country dependent on debt

Other sources say Standard and Poor's said the cost of insurance against sovereign debt hit a record high Irish or exceed standards.
The cost to support the Anglo Irish Bank could trigger the country's debt downgrade.
In five years, Credit Default Swaps (CDS) Irish Government debt rose 519 points compared to 488.5 bps earlier, based on observations of CMA. This means it takes a fee of 519 thousand euros to protect 10 million euros in bonds offered by Ireland.
In the span of 10 years of Irish, German bond yield spread last-ranked 461 basis points, the highest in the history of the euro. Meanwhile,
Portuguese CDS rise about 20 bps per day to 450 bps. Standard & Poor's estimates that Ireland should inject funds amounting to 35 billion euros into the Anglo Irish Bank.
"It seems a number of banks increasingly realistic and try to avoid things that can trigger a decline in ratings," said an analyst at S & P.
"Plan B Government in collaboration with Anglo that 35 billion figure could be exceeded. If it's going to happen, then the potential existence of further action lowered ratings from Standard & Poor's," he added.
However, a Finance Ministry spokesman confirmed the Anglo Irish debt will not make the country dependent on debt. (Various sources)