Killing the Bull

The head of the European Central Bank has said the bank will continue to buy Portuguese bonds even though they are not worth the paper they are printed on.



Jean-Claude Trichet who steps down in October, fiercely defended the "credibility" of his institution, which has been forced into numerous about turns - including the ratings exemption for Greece and now Portugal.

Meantime in Ireland Leprechauns have been selling plots of land at the end of rainbows.