Tag Archives: Ireland

Irish crisis redux

  This man seems to have understood the Irish crisis perfectly. Watch his unedited views on this YouTube video. 

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What is the Irish Rescue Package?

Full text of the Government statement on its application for financial aid from the EU and IMF:  The Government today agreed to request financial support from the European Union and the Euro Area Members States. The IMF will also be … Continue reading

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How bad are Ireland’s economic troubles?

An excellent article (appropriately titled) Threadbare from  The Economist  reports that Ireland’s banks have been unable to access wholesale capital markets, while corporate deposits have been fleeing abroad at an alarming rate in the past few weeks. This has left the banks … Continue reading

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Bond Yields for Ireland and the Peripheral EU Countries

The yields of the peripheral EU countries (formerly known as the PIIGS) have been rallying for the past month.  Click on the link for each country’s chart on Bloomberg: Greece Portugal Spain Italy Ireland

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What’s at Stake for Foreign Banks in Ireland

According to the Bank for International Settlements, (BIS) foreign lenders still have $170bn invested in Irish banks. Of this total, $46bn has come from German banks, $42bn from British banks, $25bn from US banks, and $21bn from French banks. But … Continue reading

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Which Banks Have the Highest Exposure to Irish Debt?

The financial crisis in the European Union is not just about sovereign risk.  Sovereign bond yields, CDS spreads, and even the Euribor rate all indicate grave doubts about the liquidity and possibly even solvency of some large European financial institutions.  This … Continue reading

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Is Ireland getting ready for an EU rescue?

According to an article in The Telegraph the Irish government is said have been in “frantic talks” over the weekend with EU and European Central Bank officials over a rescue package. A full bail-out deal, rumoured to be to worth between £51billion and … Continue reading

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