Leaders from the European Union countries France, Germany, Spain, Italy and the U.K. issued a statement today explaining how proposals being considered there regarding debt would not apply to current instruments.
The statement was intended to quell worries by holders of Irish government bonds that their holdings would be required to take writedowns under the proposal.
Irelandís finance ministers praised the statement today.
Keep an eye on the iShares MSCI Ireland Capped Investable Market Index Fund (AMEX:EIRL) today.
Top stock CRH (NYSE:CRH) trades in New York as well as overseas, and its 22.69% of the fund. Bank of Ireland (IRE) is the third largest stock in the fund, at 6.36% of the portfolio, and pharma company Elan (ELN) is the fourth-largest holding, at 5.14% of the fund.
Discount airline Ryanair (NASDAQ:RYAAY) is 4.42% of the portfolio.
This Article's Word Cloud:AMEXAverageCappedDefinitionDefinitionsEIRLFundIrelandIrishJonesLeadersMSCIMarketMortgageNYSERateRyanairSpainUnionbeingcountriesdebtfinancefromfundgovernmentholdingsiSharesinstrumentsissuedlargestministersoverseaspharmaportfoliopraisedproposalquellregardingrequiredstatementstocktakethatthirdtodaytradesworrieswouldwritedowns
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.