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
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
Speaking on Ireland’s reforms Bailout remains on track Strict implementation of 2013 budget measures essential Must closely monitor resolution of problem mortgages by banks, further progress on SME debt needed. Everything has been pointing to rosier days for the emerald … Continue reading
Good morning Europe – welcome back from your day off. Got any spare cash? Irish banks will need more capital before 2019, the governor of the Central Bank of Ireland said yesterday following the publication of its 2012 annual report. … Continue reading