Irish market reacts favourably to sale but warnings of ‘dark clouds’ ahead

IRELAND’S stock market reacted favourably to the bond sale with shares closing up 0.6% but Italy’s finance minister said dark clouds are gathering.

However, the head of the European Financial Stability Facility Klaus Regling provided a glimmer of hope saying he does not think Ireland or Portugal will ask for help.

“I do not think the worst will happen and that we will have to borrow to help Dublin and Lisbon,” Mr Regling told the German paper Handelsblatt.