Ireland and Portugal will put pressure on the euro area

Eurozone finance ministers will put pressure on Ireland and Portugal, asking them to clear the debt burden of dealing with its specific plans. There are signs that the two countries have gradually slid into the point to accept international relief.

Eurozone finance ministers meeting in Brussels on Tuesday on the occasion, there are signs that the European Central Bank (ECB) to force Ireland to accept assistance efforts, increasing divisions within the monetary union increase.

Portuguese Finance Minister said that as the spread of the crisis in the financial markets, investors believe that the Lisbon area are increasingly likely to be forced to seek emergency assistance.

"Risk is high because we are not dealing with a country's problems," Fernando? Teixeira? Dos Santos (Fernando Teixeira dos Santos) said. He was referring to Lisbon, there may have to seek urgent support.

"This is Greece, Portugal and Ireland the problem ... ... it must involve the euro area and the euro zone stability, which is why the crisis in this framework, the spread is more likely to occur."

His remarks to the euro lower against the dollar, even though Portugal, Ireland and Greece, countries outside the euro area bond market remained stable.

Meanwhile, Greek Prime Minister George? Papandreou (George Papandreou), warned investors in the euro zone, Germany insisted that any future share the pain relief mechanism, such a stance could undermine some of the economy.

"This may overwhelm the backbone of some economies, forcing them to go bankrupt," Papandreou said during the visit to Paris. Ireland, on Monday told the European Central Bank, relief from the new EU funding arrangements, the Government can be used to strengthen their banking system.

The plight of the Irish banking sector, the country's debt crisis in the euro area the center of a comeback. Many investors believe that Ireland will almost certainly require financial assistance, while Portugal will be the next country needs relief.

European Central Bank Deputy Governor vitor? Constancio (Vítor Constancio) about possible assistance to the Irish words, the ECB pressure behind the scenes complement. The purpose is to ask the European Central Bank of Ireland for rapid action.

Guardian of the euro currency are concerned, Ireland is assumed that the European Central Bank may rely on indefinitely to the euro area financial system with unlimited mobility.

Portugal and Spain to support the efforts of the European Central Bank. Portugal and Spain have been forced to borrow to the financial markets before the Irish.

However, relatively strong financial position of other member countries are complaining about the tactics taken by the European Central Bank, these countries may be at this meeting on the euro area's policy to comment on the line.