Showing posts with label cost of Irish banks bailout. Show all posts
Showing posts with label cost of Irish banks bailout. Show all posts
Wednesday, March 13, 2013

13/3/2013: IMHO press release on CBofI Mortgages Plan

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Here is the IMHO press release on today's Central Bank announcement relating to mortgages arrears resolution. This sums up my views and...
2 comments:
Sunday, December 23, 2012

23/12/2012: Not another cent?.. Irish banks state aid 2011

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In the previous post , amidst the excitement of the aggregate figures reporting, I forgot one small, but revealing chart. Now, recall th...

23/12/2012: State Aid in EU27 & Ireland

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Yesterday, the EU Commission released updated analysis of state aid expenditures, covering 2012 data. The document, titled "State aid...
Sunday, October 21, 2012

21/10/2012: Overselling & Overhyping

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Here's at last a significant recognition from the Irish media that the Government should be held accountable for the claims it makes r...
Saturday, July 2, 2011

02/07/2011: Was banks Guarantee 2008 a subsidy to foreign lenders?

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Please note: the figures below are estimates, based on Table A.4.2 data from the Central Bank of Ireland for 6 covered banking institutions ...
3 comments:
Friday, May 13, 2011

13/05/11: CBofI accounts

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Update: Namawinelake blog has an excellent post on the lunacy of Government treasury management exposed by the CBofI's latest accounts -...
1 comment:
Tuesday, December 21, 2010

Economics 21/12/10: BofI & Irish derivatives warning from the IMF

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How wonderful is the world of international banks linkages? And especially, how wonderful it can get when regulators are so soundly asleep a...

Economics 21/12/10: Derivatives hole?

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Updated (end of post) The following post is attempting to put some numbers behind a highly uncertain, opaque and completely under-reported s...
4 comments:
Tuesday, December 14, 2010

Economics 14/12/10: ECB/CBofI Ponzi schemes

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Last week's ECB figures show that the Irish banks have managed to rake up €136bn worth of borrowing from Frankfurt as of November 26th. ...
3 comments:
Monday, December 6, 2010

Economics 6/12/10: IMF stress tests for Irish banks

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Here are three things that are worth asking about the latest details of the EU/IMF 'rescue' package released over the weekend. All r...
2 comments:
Sunday, December 5, 2010

Economics 5/12/10: Reserves requirement ratio

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In response to the following tweet: "A question. You wrote here http://j.mp/eL9QWg that the decision of the Chinese government to rais...
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Economics 5/12/10: Default, debt and 'Rescue of Ireland' deal

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Today's Sunday Independent article on inevitability of default, with comprehensive figures on the impact of the IMF/ECB/EU deal for ord...
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Saturday, December 4, 2010

Economics 5/12/10: Links to recent articles on irish economy

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Here is the link to my article in Saturday Irish Independent on the topic of FG and Labor 'alternative' Budget 2011 proposals: here...
Monday, November 22, 2010

Economics 22/10/10: Bailout that is losing steam by an hour

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The immediate fallout from the Irish bailout package is: short sales closing on Irish sovereign markets means profit booking, yields down (a...
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Sunday, November 21, 2010

Economics 21/11/10: How much funding will we need?

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I've run through some figures for the expected amount of bailout drawdown for Ireland. Here are the sums: 2011-2014 deficit financing: €...
6 comments:
Saturday, October 2, 2010

Economics 2/10/10: Brian Lucey's comment on Minister Lenihan's statement

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In rare occasions, I re-print here some comments made available to me by other economists and analysts. This is the full text of Professor B...
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Economics 2/10/10: EU Commission official view of Minister Lenihan's plans

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Much debate has been thrown around about the EU Commission position on the latest Government announcements concerning banks recapitalization...
1 comment:
Sunday, September 19, 2010

Economics 19/9/10: Irish banks - Government intervention still has no effect

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Returning to my old theme - let's take a fresh look at the Government and its policy cheerleaders success rate with repairing our bankin...
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Monday, September 13, 2010

Economics 13/9/10: FT's belated recognition of Irish realities

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In today's FT ( here ), Wolfgang Munchau clearly states that (emphasis is mine): "... Irish banking sector is insolvent , and t...
4 comments:
Tuesday, August 31, 2010

Economics 31/8/10: IL&P reporting

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The ‘healthiest of the sick’, IL&P reports its numbers today. Here are the headlines: Operating loss is €10mln in H1 2010, down from a...
11 comments: