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……. [...]
Archive for The Irish Economy
Merkel & Sarkozy dissatisfied with Corporate Tax stance
ARTHUR BEESLEY, European Correspondent, in Brussels From the Irish Times Mon, Mar 14, 2011 GERMAN CHANCELLOR Angela Merkel and French president Nicolas Sarkozy made clear their dissatisfaction with Taoiseach Enda Kenny’s stance on corporate tax as euro leaders agreed to widen the remit of their bailout fund. Dr Merkel and Mr Sarkozy indicated that they [...]
Emergency Loans to Irish Banks
SIMON CARSWELL, Finance Correspondent, The Irish Times. Sat, Mar 12, 2011 EMERGENCY LOANS to Irish banks rose by as much as €19 billion last month as the European Central Bank (ECB) changed collateral rules, forcing the lenders to borrow more from the Irish Central Bank. The banks increased their borrowing under exceptional liquidity assistance (ELA) [...]