Rating – Stable. They’ve also confirmed Ireland at A low but upgrades them to positive from stable. It’s ratings Friday, whoopee I’m off now so I hope you all have a great weekend.
So says an EU official. Euro group open to new Greek government request Would weigh more Greece aid if asked Greece needs not now expected to be huge amounts (they weren’t in the first place but look what happened) Greek … Continue reading
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