From The Sunday Business Post Sept 18th . The Article looks at how various Greek Financial Scenarios would impact on Ireland. Click on the link below for the full Article On the likelihood of Greece defaulting on its debts, EU political leaders seem to believe that it’s more a case of when rather than if, [...]
Archive for The Irish Economy
Europe’s Impossible choice : The Greek Exit Paradox
By Peter Guest CNBC.Com German Chancellor Angela Merkel and French President Nicolas Sarkozy have both said that Greece will not leave the euro, but the “unthinkable” is now being seriously considered at all levels. Just who gets to make that call, and whether sticking or twisting would be the more painful option, is being hotly [...]
Restore the Deutschmark – Trichet in angry tirade over Idea
Dutch have stepped up pressure over EU move for EU budget tsar By Laura Noonan and Siobhan Creaton Friday September 09 2011 From the Irish Independent click below for full article EUROPEAN Central Bank president Jean-Claude Trichet yesterday launched a blistering attack on German proponents of a return to the deutschmark, insisting that the ECB [...]
ECB will hold interest rates for at least a year, says expert panel –
Various views on the next ECB intertest rate moves according to Irelands leading economists from Niamh Hennessy Irish Examiner survey. IT could be 2014 before the European Central Bank (ECB) raises rates again, according to an Irish Examiner survey. All experts surveyed, which included top economists and property analysts, believe that the ECB will not [...]
Without debt forgiveness our economy can’t grow
David Mc Williams views from the Irish Independent. Click below for the full article FOR some reason, the issue of debt forgiveness, which has been discussed for years, seems to be back on the table as if it is something new. It is not new. Debt forgiveness, debt write-offs, debt restructuring — whatever term you [...]
ECB Keeps Key Rate at 1.5% as Crisis Spreads
From Bloomberg August 4th The European Central Bank left interest rates unchanged as economic growth slows and the region’s debt crisis spreads to Italy and Spain, increasing pressure on policy makers to resume bond purchases. ECB officials meeting in Frankfurt today kept the benchmark rate at 1.5 percent after lifting it by 25 basis points [...]
Property Tax on way within year
THE Government has been ordered by the EU/IMF to impose a property tax on all homeowners within a year. The controversial annual tax is expected to be announced in December’s Budget — even though it was not in the Programme for Government. From The Irish Independent 01/04/2011 see link below The imposition of the tax [...]
Borrowing costs surge as EU changes bailout rules
Governments will be able to inflict losses on bondholders in exchange for financial aid from 2013 By Donal O’Donovan and Emmet Oliver Wednesday March 23 2011 BOND investors reacted with horror to the latest changes to EU bailout rules by dumping Irish and other risky bonds yesterday, driving borrowing costs for Ireland to a fresh [...]
ECB warns again over rate hike
By Jeff Black, Bloomberg Tuesday, March 22, 2011 EUROPEAN Central Bank executive board member Gertrude Tumpel-Gugerell has said “strong vigilance” is necessary to keep a lid on inflation — indicating policy makers may raise interest rates next month. Read More….. http://www.irishexaminer.ie/business/ecb-warns-again-over-rate-hike-148919.html#ixzz1HJPgyZdo
House prices article from yesterdays Irish Times
House prices could fall 13.4% this year in bank test scenario SIMON CARSWELL, HARRY McGEE and ARTHUR BEESLEY Thu, Mar 17, 2011 HOUSE PRICES could fall by a further 13.4 per cent this year and 14.4 per cent next year before recovering in 2013 under a scenario considered by the Central Bank to stress test……. [...]