Tuesday, July 21, 2015

21/7/15: Eastern Europe's post-2004 Convergence with EU: Unimpressive to-date

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EU Commission latest report on real economic convergence in the EU10 Accession states of Eastern and Central Europe (CEE10) sounds like a...
Monday, July 20, 2015

20/7/15: Of 'Break-Even' Oil Prices & Russia

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An interesting chart via Deutsche Bank Research putting break-even (fiscal budget) figures on oil prices for major oil producers: Whic...

20/7/15: Greece clears IMF arrears. Almost broke, again.

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Having borrowed EUR7.2bn, Greece promptly settled its arrears with the IMF (EUR1.996 billion at exchange rates of June-July, but closer to...
Sunday, July 19, 2015

19/7/15: The Hardships of our Politico's Public Sacrifices: Pensions

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One of them rare occasions that RTE supplies a superb data summary. This time around - it is on politicians' pensions packages:  http:...

19/7/15: Ireland's Commitment to Competition in Banking... It's Overwhelming...

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Let's take three stylised facts: Fact 1: Irish Government policy from 2010 on consisted of two contradictory objectives: sector cons...
Friday, July 17, 2015

17/7/15: Eurogroup tightens screws on Greece: Bridge v MoU

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Eurogroup statement on Greece (h/t @FGoria): Key: Bridge finance via EFSM (as rumoured, so no surprise here); Bridge finance securi...

17/7/15: Brussels makes its excuses and leaves us with no answers

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My op-ed for Irish Independent  on the EU Commission report on Ireland's 'Adjustment Programme' 2010-2013 and its analysis of ...

17/7/15: ECB Rate Decision & Monetary Conditions in the Euro Area

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Yesterday, ECB left unchanged their key policy rates. Updating my central banks' policy charts, First, current policy rates for majo...
Thursday, July 16, 2015

16/7/15: Lifting Greek ELA by Eur900mln: Tiny Step, Strong Signaling

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So ECB lifted Greek banks' ELA by EUR900mln to EUR89.9 billion today for the first time since June 23rd. This suggests that Mario...

16/7/15: Ah Shure, matey, de Banks were Solvent... and Still Are...

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You know the meme... "Banks are/were solvent"... It replays itself over and over again, most recently - well, just now - in the ...

16/7/15: Thinking of Nama, don't forget them IBRC junior IOUs sale...

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Having just posted on Nama's latest basking in the spotlight here , I came across this good old Namawinelake analysis of yet another d...

16/7/15: Nama: The Gift of Giving That Keeps on Giving...

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While Greece is limping to its Bailout 3.0, our national heroes at Nama are busy fighting massive (California-sized) forest fires. The N...