No let-up for Irish debt; pressure grows

Should Ireland make application to the Euro Bailout Fund ($1 Trillion announced) That would be without any doubt QE.

When a single currency bails out a member's bonds it is debt monetization which is Quantitive Easing. You have to realize the rhetoric by the euro zone concerning QE is pure and unadulterated BS

Jim

Agreed, Jim

The practice of debt monetization will again redefine sovereign debt as certificates of confiscation. No amount of BS spin will avert this market driven conclusion. This realization is nothing more than a long-term oscillation (cycle) between public and private sector confidence.
There are many ways to quantify this cycle. My personal favorite is the ratio between US long-term corporate to government debt. The break of the sharp downtrend in 2010 represents the first stage of the transition to a rising trend.

Long-Term U.S. Corporate Bonds Total Return Index (LTCBTRI) to Long-Term U.S. Government Bonds Total Return Index (LTGBTRI):

Clearing house LCH.Clearnet hiked margin requirements for Irish debt on Wednesday and Ireland's central bank said it would take a closer look at banks' residential mortgage books as concern mounted about the country's finances.

Source: reuters.com
Source: jsmineset.com