Proclaims the Irish aid program a success story. Following hot on the heals of Olli Rehn earlier today. Says it is up to Greece to take steps for a successful review See Greece needing between €5-6bn to plug 2014 funding … Continue reading
Both Spain and Ireland have see important economic turnarounds EU works well together with the IMF Olli Rehn speaking to reporters in Luxembourg
Just to keep some continuity to my earlier post, Portuguese CPI fell to 0.1% from 0.2% y/y while Irish headline CPI and HICP stayed put at 0.2% and 0.0% respectively.
Just looking at various CPI numbers that have been popping up this morning, and the overall picture is confirming the euro zone flash estimate drop we had last week. Sweden’s headline CPI fell to 0.1% from 0.2% y/y Norway’s dropped to … Continue reading
Joerg Asmussen said today that Ireland should not ease up on austerity in its annual budget next month but stick to a target of EUR 3.1 billion euros worth of spending cuts and tax hikes. The ECB Executive Board member … Continue reading
Aiming for precautionary credit line to replace bailout Wants any new post-bailout conditions to focus solely on banking sector So says a government source via BBG
2014 forecasts lowered to 2.1% from 2.5% says govt on track to meet 2013 deficit target should stick to EUR 5.1 bln fiscal adjustment target And yes, we are a bit desperate for news!
Irish bond yields evidence of credibility The IMF are responding to former IMF chief of mission to Ireland, Ashoka Mody who said that Ireland should end austerity if it is to grow and that it was a self defeating policy. … Continue reading
Says Ireland’s policy program is sound and that major sector reforms are central to a sustained recovery. The IMF mission chief also says that banks asset quality review will not be expected to lead to a need for capital injections … Continue reading
Apple has been getting hit with naughty stick by a US senate committee over it’s tax dodging affairs. The senate claims that Apple “tried to find the holy grail of tax avoidance” by creating offshore entities holding billions of dollars … Continue reading