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.
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
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