No real shock as it was on the cards They go on to waffle on about all the great things they’ve done but it’s late on a Friday night, I still haven’t finished the wrap, and so you can google … Continue reading
Fitch Ratings will update their ratings for Austria, Ireland and Slovakia on Friday. Ireland is the front runner for an upgrade. Fitch has Ireland at ‘BBB+’ with a ‘stable’ outlook Fitch changed the outlook on Ireland from negative to stable … Continue reading
Some weekend news – Reuters reports that Ireland’s government will start talks next year with trade unions on the gradual reversal of public sector pay cuts that helped it overcome financial crisis. That according to Public spending minister Brendan Howlin … Continue reading
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.