European FX Midday recap

13:51CET

List of the items that have hit the wires this morning thus far and that can be considered of relative importance:

    * France’s Lagarde: There is no request for European aid from Ireland
    * Ireland considering asking for EU money for its’ banks. Ireland request for bank aid would be to fend off bailout of state
    * Irish junior minister: There are continuous talks, but none about Ireland triggering the bailout mechanism
    * ECB vice Pres Constancio: ECB liquidity has been supportive of Irish banks, this is kind of support Ireland can expect.
    * Irish 5 year cds at 520 bps, down 20 bps on day – Markit
    * ECB’s Nowotny: Euro has and will continue to be important growth anchor for European region
    * Greek PM: German position on debt resolution led to interest rate spiral for Ireland, Portugal. 
    * Greek 2009 budget deficit revised upwards to 15.4%/GDP from previous 13.6% – Eurostat
    * Euro zone 2009 budget deficit was 6.3%/GDP vs 2%/GDP in 2008 – Eurostat
    * BOE’s Weale: At present MPC does not see compelling case for either tightening or loosening policy
    * Banco Santander CEO: Funding situation for Spanish banks is improving
    * Bank of Spain Governor Ordonez: Can’t rule out non-performing bank loans could rise in coming months
    * German Q3 residential real estate prices +1.4% y/y, strongest rise since Q4 2008

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