Ireland bailout fails to calm Euro debt markets- papers

Spreads on Italian and Belgian bonds leapt to a post-EMU high, with the sell-off moving beyond Ireland, Portugal, and Spain, the Telegraph reports. Nick Matthews, a credit expert at RBS, says: "The crisis is intensifying and worsening. Bond purchases by the European Central Bank are the only anti-contagion weapon left. It needs to act much more aggressively." Read more here Greece seeking repayment extension Greece is likely to get an extension for the repayment of its €110bn assistance package from the European Union and International Monetary Fund. Finance Minister George Pa...