GreekWatch special – deckchairs on the Titanic and the Greek cabinet: historic examples of useless reshuffles

There has been a major spike in activity on the Greek front today, meriting a special GreekWatch entry outside the now weekly roundup. Greek 10-year bond yields touched 18% this morning before finishing the day at a record closing of 17.75% A relatively disappointing (by Greek standards) 20-50,000 protesters made a stand in the square [...]

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Well Hallelujah and about time – Noonan signals burning of senior bondholders at Anglo and INBS

For those who thought this day might never come, it might be an anti-climax but Minister for Finance, Michael Noonan is reported to have said on his trip to the US that steps will now be taken to impose haircuts on senior bondholders in Anglo Irish Bank (“Anglo”) and Irish Nationwide Building Society (INBS). Information [...]

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Vincent Browne misses open goal on bailout discussion by not focusing on “the peoples influence”

It says something for the lack of transparency in public life in Irelandthat we still feel we are largely in the dark about the bailout negotiations last November 2010. So much in the dark in fact that the memoriam to the late Brian Lenihan on TV3 last Friday night which was presented by veteran journalist [...]

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