Ireland bail-out: euro slides on contagion fears

Telegraph
"Uncertainty in Ireland's politics also unnerved investors as the country begins two weeks of political maneouvring over an austerity budget on which a multi-billion euro EU/IMF bailout is riding.Investors fear that far from stemming the eurozone debt crisis, Ireland's bailout has given it fresh legs with Portugal and Spain the next in the firing line. "The market believes the Irish bailout has failed," said the well-followed financial blog zerohedge. "