Ireland

Here's a great graphic on the Irish bailout, quantifying the exposure of foreign banks to Ireland as well as the pots of money from which the 85 billion euros for the Irish bailout is coming. My understanding about the ' funds which Ireland…

by Win Thin Details of Ireland’s four-year budget plan are emerging and it contains the expected mix of spending cuts and tax hikes that is needed to get IMF/EU aid.  Ireland did not bow to outside pressure to hike the corporate tax…

Highlights The US dollar is mostly lower, giving back most of yesterday’s gains versus the dollar bloc but still up versus the euro amid concerns over the European financial crisis. The euro suffered against a backdrop of protracted euro…

Ireland Honohan Says ‘Relaxed’ About Foreign Ownership in Irish Banks - Bloomberg Ireland hangs 'For Sale' sign on banks - National Post Foreign-owned banks: Implications for New Zealand's financial stability (PDF Apr 2002) –…

by Win Thin We continue to be concerned about contagion risks in the peripheral euro zone.  The package for Ireland has ultimately been shrugged off by the markets this week after initial gains in the euro and peripheral bond…

by Win Thin Here are some more thoughts regarding the negative Ireland comments by Moody’s that we highlighted in our daily.  The agency warned of “multi-notch” downgrades to its Aa2 rating, noting that the aid plan will “crystallize…

I am still in catch-up mode this morning but I wanted to highlight a few points on the Irish bailout. The first has to do with the European stress tests. If you recall, the two Irish banks tested were Bank of Ireland and Allied Irish…

From Irish Government The Government today agreed to request financial support from the European Union and the Euro Area Members States. The IMF will also be requested to assist in the provision of support. The Government welcomes…

Highlights The US dollar is trading broadly lower as the details of the Irish bailout emerge with Ireland seeking around €95bln in aid. The euro is up versus the greenback after making an early high of $1.378 but subsequent gains were…

by Claus Vistesen The Eurozone seems to be the place where the party never ends these days, as one skeleton after the other comes rattling out of the closet. Indeed, one has the impression that history is in the making right now; and the…