Tag Archives: banks

The richies are different….

Posted on April 24, 2013 by

So Richie Boucher, the CEO of Bank of Ireland, is on a salary and benefits package of over 800k.  The BoI AGM is on today, and the Irish taxpayer owns 15% of BoI.   The minister for finance has declined to vote to … Continue reading →

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Will Irish Banks need further recapitalisation? If so, who will pay?

Posted on April 19, 2013 by

This is a version of my column in The Irish Examiner on 6 April 2013 . It was written before the talk at the Cantillon School at which the Central Bank revealed that upwards of 25b of SME loans were now … Continue reading →

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The Banking Union: what’s in it for Ireland?

Posted on December 15, 2012 by

This is an expanded version of an OpEd in the Irish Examiner published 15 December 2012 The new banking union proposals that are now emerging from the wreckage of the European economy are to be given a (very) cautious welcome. … Continue reading →

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Public Sector, Private Sector, Public Money, Private Money

Posted on November 23, 2012 by

I spoke yesterday at the Irish Proshares Association ( a branch of IBEC), along with Jim Power and Constantin Gurdgiev. A gloom of economists indeed.Part of the discussion after our presentation got me thinking of the nature of the “debate” … Continue reading →

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Salary caps and chordates

Posted on November 10, 2012 by

My intereview on Morning Ireland on Friday (here as a podcast) has generated more emails and random stoppings in the street (every single on positive) than any other comment or public utterance I have made over the last 4 years. … Continue reading →

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Tumbleweed time in the Irish Stock Exchange

Posted on September 26, 2012 by

So the Irish Stock Exchange held  a conference  with EI on why companies should consider floating . As Simon Carswell says, its now time for the ISE to think long and hard about what it is it wants to be. One … Continue reading →

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What can the banks realistically do for SME credit?

Posted on September 15, 2012 by

This Is a version of a column which appears in the Irish examiner, Saturday 14 September 2012 The last few weeks have seen an economic clarity beginning to appear, as the dust of the bank collapse begins to settle. We … Continue reading →

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Ireland is not in Europe..

Posted on August 4, 2012 by

This is an expanded and updated version of an opinion piece published in the Irish Examiner on Saturday 4 August 2011. National Culture is a funny fuzzy concept. Anyone who has ever dealt across different societies knows that cultures and … Continue reading →

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Euro deal saves Ireland? Maybe…

Posted on June 29, 2012 by

It’s not clear that it does. I’m not sure it’s a seismic (Enda Kenny) or massive (Eamonn Gilmore) deal. And it happened because of Spanish and Italian pressure. So far as we can see at present there are three parts … Continue reading →

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2011 annual reports for Irish banks reveal potentially catastrophic losses and additional bailouts requirements

Posted on June 11, 2012 by

Reblogged from NAMA Wine Lake: So far Ireland has spent €67.8bn bailing out the banks, comprising €62.8bn in cash and promissory notes directly injected into the banks, and a further €5bn gifted to the banks by NAMA in state-aid and … Continue reading →

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