The Governor of the Central Bank of Ireland, Patrick Honohan, expects loan losses to rise after its latest capital review.
Fears that Ireland will have to come back to the EU/IMF for more aid are helping stall the EUR rally. SO far, te fourth time up is not the charm…
2011 GDP will be quite weak, the banker says though employment is expected to pick up late in the year.
There is “no traction” for the idea of imposing losses on senior bond holders, he says.
