The Irish bailout is in the can. As always with these types of events, the final blood is extracted on a Sunday night before the markets open on a Monday. news like this is bound to be worth a percent or two on the FTSE.
For Ireland, it hopefully does provide the finality of knowing that there is not more despair to come. Indeed, the bottom has been reached with this guarantee. Not great for the Irish taxpayers, but a deal to stop the rot. No news yet as to what taxes are going to be hit other than the personal taxes.
Really though, as a bull since 2009 all this helps my long investment portfolio. However, the day comes closer that the bailouts are not going to work anymore. I never go in for all the Gold-loving end of the world shtick, but we are where we are. Countries like Spain and Italy are not going to get bailed out by Germany and France, except though either default or inflation. The USA is in a bad place too, with a weak Government and rampant spending.
All is not going to end well, but these types of bailouts could go on for years, or if you read carefully well sourced information like this, then it won't be long.