say we are heading for bailout; we’ll need some growth to cover bond yields of 8.95% if thats where it goes. From www.businessworld.ie: Goldman: Ireland will need bailout Wednesday, November 10 16:58:42 There is a “big possibility” that Ireland and Portugal will need to seek aid from the European Union, Erik Nielsen, chief European economist […]
DCC are planning to go to public tender to gauge public interest in getting involved in new “casual trading” locations around the city.
The FDI figures for 2009 make for interesting reading: http://www.cso.ie/releasespublications/documents/economy/current/fdi.pdf
Arthur Beesley has a good piece in the Irish Times today where he starts to piece together the situation regarding the combined German/French push to bring in new rules on the management of financial affairs by EU member states.
The glare of mainsteam media is starting to light up Labour’s lack of detail when it comes to the hard decisions needed to mend the public finances; just one example from David Quinn today: http://www.independent.ie/opinion/analysis/david-quinn-balancing-budget-will-be-no-tea-party-mr-gilmore-2390277.html While Anger Management may be a ‘good start’ it ain’t a workable policy; time for the ‘Deargaí” to come out from under the […]
My interest in this debate at the moment is to find out WHO is demanding 3% by 2014 i.e. why not 0%, 2% or 4%? Brendan Keenan seems to be closer than anybody else to finding the answer…: http://www.independent.ie/opinion/columnists/brendan-keenan/brendan-keenan-eus-2014-borrowing-target-makes-absolutely-no-sense-2388758.html So are the German political elite forcing us down the road of severe austerity (come what […]
The “3% of GDP by 2014” target for the national finances has become a “universal truth” with little or no debate. (1) Why is it 3%? Why not 0%, 2% or 4%? (2) Why is it 2014? Why not 2013 or 2015? (3) Exactly who proposed “3% by 2014” in the first place? My bet […]
In late August Standard & Poors cut its rating for Irish soverign debt: http://www.reuters.com/article/idUSTRE67O1DO20100825 2 weeks later S&P’s chief economist is of the view that we’re on the way back: http://www.tv3.ie/article.php?article_id=46291&locID=1.2.&pagename=news What a turn-around…..! Do we go on bended knee to thank the Agency? (Who invested such power in the Agency and who holds it fo account […]
By far the best defintion of NAMA (from a friend who shall remain nameless…!): NAMA = public works for the professional classes. Can’t see anybody topping that definition…!
There has been a perceptible draining of the centre of power out of Ireland in the last 4 weeks on account of our national budgetary position. Just look at the stream of commentary – Ollie Rehn & Corporation Tax; the IMF; others in the European Commission; Trichet of the ECB; Fitch Ratings – the list goes […]