Open: EU pressure on U.S. stocks open lower debt crisis

European stock markets fell, 113 billion U.S. dollars assistance program failed to convince investors that the Irish euro-zone debt crisis has been brought under control.
European leaders approved on Sunday the Irish aid program, but the market is still suspect the debt crisis will continue to spread.
European bank stocks finished lower, but the Bank of Ireland (IRE) in the Dublin stock market rose nearly 19%.
European finance ministers agreed to the recommendations of weakening Germany, the German proposal to holders of private debt less total non-compliance in the future value of the assets. The euro area will create a new fund established in May 2013 replaced the 4400 billion euros aid fund. This assistance plan is still not the solvency requirements of national and private creditors in debt restructuring negotiations.
University of Maryland economist Peter Morici said, "the message is too important to the Irish, and I think the market assistance program may increase the uncertainty factor, as they reached the day of the Scheme and in 2013 announced a force debt restructuring policy. "

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