Tag Archives: Promissory Notes

Does An Irish Solution loom for European Banks (one way or the other) ?

This is a version of my column in the Irish Examiner of 25 Jan 2014 .Europe’s banks are broken. Very broken. We have always suspected that, but recent evidence in indications suggest that nearly six after the crisis first began … Continue reading

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Anglo deal doesn’t quite cut it

This is a extended version of a column published in The Irish Examiner 9 February 2013 So now we know – its Frankfurts way, all the way. One can only wonder what was going through the minds of the labour … Continue reading

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Labour Senator calls for election if PN paid

@JohnGilroyTeam: i think that there will have to be a general election if promissory notes are to be paid John Gilroy is the labour spokesperson in the Senate on finance. Throughout the last two years he has been one of … Continue reading

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What options now on Anglo Debt?

To recap..A Reuters report yesterday, still unmodified, notes that the ECB has rejected the proposal made by the government on dealing with the Anglo Promissory notes. Ireland's national broadcaster NASA report which says that the ECB have denied this. However … Continue reading

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Hall v Ireland (even though Ireland is on his side)

The essence of democracy is under question in the case taken by David Hall against the minster for finance which starts in the high court Tuesday January. 22nd. Hall is challenging the legality of the wretched Anglo promissory note . … Continue reading

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Are ministers deceiving themselves or deceiving us on the Anglo Promissory Notes?

The idea of a meme is that its a concept, a psychological or cultural trait, that propagates  Like anything that propegates it can only do so if it is allowed to. Thus we have seen grow up the meme that Ireland … Continue reading

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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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Ireland should give one (1) cheer for the Greek debt deal.

So, once again (what is it now, the fourth time?) we have a greek debt deal. Great. Except, its not. The essence of this deal (which has delayed funds since may..) is a maturity extension and a rate reduction on existing … Continue reading

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A question I have posed on the ECB and the Anglo Prom notes to which there seems no answer…

I have long advocated that the Irish Government should walk from the wretched promissory notes which were given to cover the losses at Anglo/INBS , and on which we are now as a state paying €3.1b per annum (or about … 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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