The IMF and EU review mission teams on the ground in Athens continue their work, and there is plenty of speculation that they will be done by tomorrow, Friday. There was a denial today of an emergency meeting of European finance ministers in Brussels on Monday next 6th June but that is still the date [...]
Archive for June 2nd, 2011
GreekWatch (Day 9 of 13) – Moody’s downgrade steals show; troika statement expected on Friday
Posted in Greece, IMF, Irish economy, Politics on June 2, 2011 | 8 Comments »
NAMA offering lucrative bribes to developers to secure co-operation
Posted in Developers, NAMA on June 2, 2011 | 26 Comments »
Apparently Frank is now making an offer which you might find difficult to refuse if you’re a developer. This worked example would seem to be how the deal works. You are a developer with a €100m loan on a development. NAMA bought the loan from your bank for €42m NAMA gets your business plan and [...]
EXCLUSIVE: INBS insolvent. What now for government promise to not inject “another red cent” unless senior bondholders are burned?
Posted in Banks, IMF, Politics on June 2, 2011 | 8 Comments »
I am a little confused by the way in which Irish Nationwide Building Society’s (INBS) results for 2010 were released. Most mainstream media carried reporting on the results on 20th May, 2011 (for example here and here). There was a press release on the INBS website on that date which summarised the results for 2010. [...]
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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. 59 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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