European shares fall after early rally
European shares have fallen after an initial rally in the wake of the €85bn international rescue loan for Ireland.
The euro fell to a two-month low against the dollar, before recovering some ground later.
Irish bank shares are up dramatically after yesterday's announcement.
Irish Life and Permanent was up more than 56%, Bank of Ireland was up almost 20%, while AIB was up more than 9%.
Meanwhile, Fine Gael have said they will seek to renegotiate the Government's rescue deal with the IMF if it gets into power.
The party said it is an "open question" as to whether or not Ireland can afford the loan and it has described the 5.8% rate of interest on the package as "punitive".
The party's junior Finance Spokesman Brian Hayes said his party in power would seek to unpick the deal.
