CFD traders are watching intently as the Irish debt crisis draws market attention. The inter-connected nature of the Euro Zone means that European countries are bound by the fates of other European countries within the Zone. The Euro Zone epitomises nations working together under the collective vision of economic growth, however this utopic vision is beginning to be questioned. Recent developments surrounding the Irish debt crisis have spread contagious doubt and uncertainty across the financial markets, fuelling speculation and hesitation.
It is this doubt and uncertainty which underpins the hasty European intervention to Ireland's high level of borrowing. Already tarnished by the Greek debt crisis, Europe has moved quickly to avert a market repeat. Ireland has been offered and accepted financial assistance from Europe. Any attempt at Irish resistance to the help proved futile, with European ministers simply not willing to risk financial instability. This help' may well prove bitter sweet for Ireland sending them into a degenerating time of officious taxation and cut backs.
The Irish financial crisis, coupled with the history surrounding the Greek debt crisis serve as a resounding reminder of just how inter-connected the trading world is. The bonds between European countries run far deeper than surface currency and into a heavily ingrained web of financial ties across the European and even global financial network. There is now growing awareness that a domino effect may occur with the economic future of Portugal and Spain beginning to look tenuous. In turn this market volatility makes for an interesting trading field full of peaks and troughs in a bearish landscape.