Tag Archives: Central Bank

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

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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Green Jerseys, False Colours and the Irish Bond Market

There is a most interesting letter (of the Green jersey type) in the Irish Times this morning. It is from a Donal O’Mahony of Shankill and is on the wonderful performance of Irish government bonds. Ireland is truly lucky to have this sage, … Continue reading

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Can investors not afford firesales or just dont want to engage in them?

Property prices  in Ireland have dropped precipitously  and yet we still see few (apart from those that Alssop Space) enough investment properties (buy to lets) coming on the market deeply discounted. A fascinating study (firewall alas)  suggests that it is not simply an unwillingness or inability to … Continue reading

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After Merkel…Ireland’s unpalatable choices

So, it seems now that Dr Merkel backs the idea that no, there should be no retrospective debt deal. Where does that leave us? We have invested 20+ billion into the pillar banks (or another word starting with P and … Continue reading

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Danish Mortgages in Ireland? No thanks

Senator Sean Barrett introduced a bill into the Senate this week to in effect restructure the Irish mortgage market along Danish (aka rational) lines. Stephen Kinsella on IrishEconomy has a post on it where he notes that the Minister nixd … Continue reading

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IBEC and IBRC and the IMF

This is a version of a column published in the Irish Examiner It must be dangerous to be a bird in Dublin these days. The government that promised transparency has instead adopted a kite-flying approach. The kites pop up, and … Continue reading

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Trying to untangle the kites flying around the Anglo Irish Promissory Note? A guide…

So, the old chestnut (at this stage so old and withered it’s a conker) of floating a bond to replace the anglo Irish bank promissory note has rared its head once again. The report in the times is fair, if the … Continue reading

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Does Marc Coleman know what the Fiscal Council DOES? Seems not….

Normally I don’t really worry too much about what right wing polmecists say but when its both full of errors and given a national platform then I think we all need to be concerned. The latest opinion piece by Marc … Continue reading

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Tell us, Jean-Claude.. About that letter?

The Public Accounts Committee of the Irish parliament is unique in its committees in that it has the power to compel witnesses to attend. They can sit there and say nothing but at least they must attend. As has been widely … Continue reading

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Euro deal saves Ireland? Maybe…

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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