FTSE loses 0.52 percent on Ireland woes (AFP)
07:17
zhbjzhql
, Posted in
LONDON (AFP) – Shares fell in opening deals on Tuesday, with the benchmark FTSE 100 index dropping 0.52 percent at 5,651.58 points.
A rally on equities markets fizzled out on Monday as optimism over prospects for Ireland's EU/IMF bailout gave way to fears the move might fail to ease pressure on other eurozone states.
Markets also fell on the back of political tensions in Dublin, as Irish Prime Minister Brian Cowen's governing coalition fell apart.
The turmoil intensified on Tuesday after Cowen promised to call a general election in the New Year once parliament passes a budget at the centre of the international bailout.
On Sunday, Cowen said his administration had applied for aid from the European Union and the International Monetary Fund, adding that it would be less than 100 billion euros (85.2 billion pounds).
0 Response to "FTSE loses 0.52 percent on Ireland woes (AFP)"
Post a Comment