It’s tough to put a price tag on political shrewdness but Portugal and Ireland may be playing a masterstroke as they opportunistically seek to renegotiate bailouts. Eurozone finance ministers will meet tomorrow to discuss altering repayment terms for Portugal and … Continue reading
Fin min Noonan says Ireland is asking for an average extension of 15 years on EU loans. That’s a hefty extension.
yes it is a quiet morning when this is newsworthy ! seasonally adjusted, it fell to 14.2% in Q4 2012 expected to worsen in 2013
Says he already feels confident of beating the end-2013 deficit target of 7.5% of GDP Says there is adequate capital in Irish banks to sustain mortgage losses
News of this came out a few hours ago – so a bit of a recap: Ireland awaits ECB debt call; liquidates Anglo Irish Further explanation of what was going on, here: Business Insider
From 51.4 in December. Lowest read in 9 months. Bummer
Sees a bounce to 2.5% in 2014, and sees 2012 at 0.7% from a previous 0.5%. Sees unemployment this year falling to 13.9% from 14.8% in 2012 Banks need to do more on mortgage arrears ‘in a timely manner’ Government … Continue reading
Outlook unchanged since 2008. Reflects Moody’s view that banking system hasn’t yet fully stabilised. Bummer