Prior -2.3% revised to -0.1% 4.1% vs 1.8% exp. Prior -0.7% revised to -1.2% Q4 2013 GDP revised to -0.1% from -2.3% 2013 GDP revised to +0.02% from -0.3% Current account balance 960m vs 3330m prior Blimey, that’s some turnaround. … Continue reading
Loans to domestic non-financial companies dropped 5.5% y/y in May, says the Central Bank of Ireland, but that’s better that the -6.2% seen in April. Total loans to NFC’s posted their first positive net flow in a year and a … Continue reading
Irish central bank supremo Patrick Honohan speaking in Dublin says that too many lenders are still unwilling to fix bad loans. While the nation’s banks are gradually resolving troubled loans he says that; “Too many creditors adopt a Victorian approach … Continue reading
No surprise. Outlook remains positive, so another upgrade could be coming. Bono & Co impressed as Ireland’s strategy of being the world’s foremost corporate tax haven pays dividends.
Prior was 11.7% but was revised to 11.8%
Market confidence has been restored in Italy Italy still needs strict budgetary execution Italy’s economic recovery still fragile Olli Rehn speaking to the press on the latest EU country recommendations. Ireland release their unemployment rate on Thursday and it’s been … Continue reading
Two notches for the world’s biggest corporate tax haven.
There’s been some April CPI data out this morning and here’s the y/y rundown. Estonia CPI 0.2% vs 0.5% exp. Prior 0.2% Holland HICP 0.6% vs 0.4% exp . Prior 0.1%. CPI 1.2% vs 0.8% prior Ireland HICP 0.4% vs … Continue reading
Irish fin min Michael Noonan says the problems in politics in the periphery are a cause for concern. On the home front, their working hard to improve credit flows as mortgage lending shows signs of returning. The Irish government are … Continue reading
Calls Irelands exit form the bail out program a “Great success” She met Irish PM Enda Kenny in Dublin today. I met Bertie Ahern once in a pub in Dublin. Very nice fellow, especially as he got two rounds in.