I must admit to being frustrated yesterday by our Minister for Finance’s clumsy handling of the key question of the quantum of any bailout. Plainly some unknowns remain and negotiations need to be concluded but the Minister could surely have done better than denying that it would be a “three-figure sum”, by which he meant [...]
Archive for November 22nd, 2010
How much of a bailout will we need? – “You can work it out yourselves” says Minister for Finance, Brian Lenihan. Here are my workings.
Posted in Irish economy, NAMA on November 22, 2010 | 12 Comments »
The Bailout – the 10 big questions or “The curious case of the IMF bailout that doesn’t involve any IMF funding”
Posted in Irish economy, NAMA on November 22, 2010 | 1 Comment »
Well it seems that we are to seek a facility, rumoured to be €80-90bn at an interest rate to be determined but likely to be 4-6%. However the statements yesterday by the Taoiseach, Minister for Finance, ECB, IMF and EU leave many questions unanswered and as the next increment in this unfolding tale is sought [...]
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Recent Posts
- Northern Ireland’s residential property price collapse – the worst in the world?
- Are we recovering?
- NAMA’s report and accounts for Q4,2011
- 30-minute guide to the ESM and Fiscal Compact treaties
- Fiscal Compact referendum – final weekly review
- NAMA in negotiations to build major new office block in central Dublin
- NAMA tackled about its protocols for the disposal of assets amid concern at Cork sale
- Of the Week..
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Recent Comments
JP on Northern Ireland’s residential… Jake Watts on Northern Ireland’s residential… who_shot_the_tiger on Northern Ireland’s residential… who_shot_the_tiger on Northern Ireland’s residential… gerhard dengler on Are we recovering? Twitter Updates
- @OwenCallan Thanks! How many negatives make for a downgrade, I suppose. An Taoiseach says it *will* be just one more. 58 minutes ago
- Northern Ireland’s residential property price collapse – the worst in the world? wp.me/pNlCf-2Es 7 hours ago
- @brianmlucey @declanganley @GTCost The IRL experience is that some patients should be let die. 9 hours ago
- @joehas @declanganley @brianmlucey @GTCost I get the impression it's forcing itself back on the table after Bankia. 9 hours ago
- @declanganley @brianmlucey @GTCost You set up a NAMA to suck out the poison OR hope the patient fends for themselves OR let the patient die 9 hours ago
- @OwenCallan Hi Owen! Has any ratings agency said it *will* downgrade IRL if there is a no vote;All S&P said no wd be credit neg in s-term 11 hours ago
- PIIGS yields mixed;SPN/ITA up at 6.5/5.7% as Bankia gets €19bn bailout; what’s SPN for “cheapest bailout in history” wp.me/PNlCf-19r 15 hours ago
- @YJB57 You never know! Peter Mathews giving a candid assessment of the Compact before Thursday could just be this vote's black swan event. 16 hours ago
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