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Tag Archives: ireland
A Contagious Crisis Of Confidence In Corporate Credit
A Contagious Crisis Of Confidence In Corporate Credit Credit is not innately good or bad. Simplistically, productive Credit is constructive, while non-productive Credit is inevitably problematic. This crucial distinction tends to be masked throughout the boom period. Worse yet, a prolonged boom in “productive” Credit – surely fueled by some type of underlying monetary disorder – can […]
Italian Banks Sink As “Bad Bank” Plan Underwhelms
Italian Banks Sink As “Bad Bank” Plan Underwhelms Last week, we noted that Italy is rushing to defuse a €200 billion time bomb in the country’s banking sector as investors fret over banks’ exposure to souring loans. “Italian banks’ share prices have been volatile YTD, given the market’s renewed fears over asset quality and potential developments on […]
Fumbling Toward Independence
Fumbling Toward Independence Some blogs focus on single-word subjects like knitting or superheroes. This one wanders a bit; one week I might write about our neighbors here in rural Ireland, the next about our garden, then about old black-and-white movies or reading with my daughter. All of it, though, deals with our attempts to discover […]
Weather that reminds us to give thanks
Weather that reminds us to give thanks As many times as I’ve seen the wind whistle across our land in the Bog of Allen, I’ve never before felt as nervous as I have today, as the giant trees around our property are bending alarmingly in the gale. Our cement house has actually groaned in the […]
It Begins: Desperate Finland Set To Unleash Helicopter Money Drop To All Citizens
It Begins: Desperate Finland Set To Unleash Helicopter Money Drop To All Citizens With Citi’s chief economist proclaiming “only helicopter money can save the world now,”and the Bank of England pre-empting paradropping money concerns, it appears that Australia’s largest investment bank’s forecast that money-drops were 12-18 months away was too conservative. Over the last few months, in a prime […]
Sorry Troika, Spain’s Economic Recovery Is “One Big Lie”
Sorry Troika, Spain’s Economic Recovery Is “One Big Lie” During six months of protracted and terribly fraught negotiations between Athens, Berlin, Brussels, and the IMF, the idea that Spain, Italy, and Ireland somehow represented austerity “success stories” was frequently trotted out as the rationale behind demanding that Greece embark on a deeper fiscal retrenchment despite […]
The Great Greek Fudge
The Great Greek Fudge A third Greek bailout involving loans from the European Stability Mechanism (ESM), the eurozone’s bailout scheme, is now being negotiated. The start was quite rocky, with haggling over the preciselocation in Athens where negotiations need to take place and Greek officials once again withholding information to creditors. Therefore, few still believe that it will […]
Did The IMF Just Open Pandora’s Box?
Did The IMF Just Open Pandora’s Box? By now it should be clear to all that the only reason why Germany has been so steadfast in its negotiating stance with Greece is because it knows very well that if it concedes to a public debt reduction (as opposed to haircut on debt held mostly by […]
“No Deal”: Tsipras Says Creditors Did Not Accept Greek Proposal
“No Deal”: Tsipras Says Creditors Did Not Accept Greek Proposal Who could have possibly foreseen that the IMF would throw up all over the Greek “proposal”… aside from this post here “Why The IMF Will Reject The Latest Greek Proposal In Just Two Numbers” yesterday afternoon of course. In any event, moments ago Bloomberg reported that just […]
Britain’s GCHQ monitored Irish internet traffic — RT News
Britain’s GCHQ monitored Irish internet traffic — RT News. Britain’s surveillance body, Government Communications Headquarters (GCHQ), could be tapping underwater cables connecting Ireland to the global web, according to a new document leaked by former NSA contractor Edward Snowden and released by German media. The document, titled ‘Partner Cables,’ identifies the cables that GCHQ has […]
