Recent Event Highlights: European officials: No bailout yet for Ireland, Ireland in Crisis Talks With EU Over Bailout, Max Keiser: Irish govt slaves to IMF terror machine!, Westpac's Callow Says Ireland Bailout `Not Imminent' Video, Ireland talks bailout but no request, News Wrap: Irish Officials Confirm Debt Talks, Say Bailout Not Needed, and 37 more...
Created by dipity on Nov 16, 2010
Last updated: 11/17/10 at 12:17 AM
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...a bigger budget deficit. (AP Photo/Peter Morrison) BRUSSELS — European Unions officials say that Ireland hasn't asked for a bailout but that preparations for potential support for the country's troubled banking sector have "intensified." EU monetary affairs...
Atlanta Journal Constitution Vendor
...up earlier this year by the EU and International Monetary Fund in the wake of the Greek debt crisis. Ireland is resisting a bailout, but other struggling nations such as Portugal want Ireland to take the assistance to calm investors and keep the contagion...
If Europe's single currency fails, so would the Union itself. The warning comes from the EU president, who was speaking ahead of the meeting of the Eurozone's finance ministers. Portugal has warned it could be forced out of the Eurozone, and Ireland is also being urged to use European bailout money to prevent bankruptcy. But Financial analyst Max Keiser says going to the IMF for help would be even worse... RT on Facebook: www.facebook.com RT on Twitter: twitter.com
Read the Transcript: to.pbs.org In other news, Ireland's debt soared after it rescued five banks from huge real estate losses, but officials there insist the country doesn't need a bailout. Meanwhile, European Union officials reported the Greek government has much more debt than first feared.
Wall Street Journal European Editor Simon Nixon on the state of Ireland's economy.
...stand ready. But if and when Ireland applies for help is a matter solely for the Irish government," Constancio said. Ireland has been desperate to avoid a bailout, with Prime Minister Brian Cowen's embattled government insisting it is a matter of sovereignty...
Yahoo! Canada Finance
Amadeu Altafaj Tardio, EC spokesperson for economic and monetary affairs answered the journalists during the daily midday briefing concerning Ireland, Portugal and Greece financial situations. Anxiety over heavy government debts in Europe has flared up again as investors questioned whether Ireland, Greece and Portugal can cut their budget deficits without choking off desperately needed economic growth. Europe's most indebted countries find themselves in a downward spiral of budget cuts and economic stagnation. The European Commission answers that no country has yet sollicited the European Stabilisation Mechanism and even the weakest of member States have their debts under control.
The Irish opposition's finance spokesman says he believes European intervention is "underway" and that matter will "come to a head in 24 hours". Michael Noonan, of the centre-right Fine Gael party, said he was "extremely concerned" that weekend rumours about a £67bn European Unionbailout were true. His comments come after justice minister Dermot Ahern labelled the allegations as "fiction", saying no application had been made to Europe for assistance. "There are no negotiations going on. If there were, the government would be aware of it, and we are not aware of it," said Mr Ahern. Reports have been circulating for several days that a possible bailout is underway to deal with Ireland's soaring borrowing costs. The struggling republic is apparently under pressure from the EU to accept aid in a bid to prevent its problems plunging the entire eurozone into crisis, as happened with Greece. Ireland is struggling after years of a booming economy But Batt O'Keeffe, the minister of enterprise, trade and innovation, has hit back at rumours, saying: "We have every confidence that we will be able to manage this economy. "It's been a very hard-won sovereignty for this country and this government is not going to give over that sovereignty to anyone." However, rumours of difficulties have persisted As the 'Celtic Tiger' struggles, many EU competitors are scenting an opportunity: to force Ireland to bring its low corporate tax rates more into line with their own. . In response, EU ...
Nov. 15 (Bloomberg) -- Jeffrey Sachs, a professor at Columbia University, discusses Ireland's debt woes and Europe's sovereign-debt crisis. Sachs, speaking with Erik Schatzker on Bloomberg Television's "InsideTrack," also discusses the US economy. (Source: Bloomberg)
Patrick Honohan, Governor of the Central Bank of Ireland is interviewed by Gillian Tett, Assistant Editor of the Financial Times at the IFSS Summit in Dublin on 10th Nov 2010. Here he discusses whether he believes Ireland needs a bailout from the IMF or the EFSF
The EU is determined to bail Ireland out, whether we like it or not! More videos available at... www.dailymotion.com/cutbacks
Nov. 15 (Bloomberg) -- Stuart Thomson, international fixed-income fund manager at Ignis Asset Management, talks about the prospects of an Irish bailout and for contagion in Europe. He speaks from Edinburgh with Maryam Nemazee on Bloomberg Television's "Countdown."Copyright Bloomberg 2010 § 107.Limitations on exclusive rights: Fair use Notwithstanding the provisions of sections 106 and 106A, the fair use of a copyrighted work, including such use by reproduction in copies or phonorecords or by any other means specified by that section, for purposes such as criticism, comment, news reporting, teaching (including multiple copies for classroom use), scholarship, or research, is not an infringement of copyright. In determining whether the use made of a work in any particular case is a fair use the factors to be considered shall include — (1) the purpose and character of the use, including whether such use is of a commercial nature or is for nonprofit educational purposes; (2) the nature of the copyrighted work; (3) the amount and substantiality of the portion used in relation to the copyrighted work as a whole; and (4) the effect of the use upon the potential market for or value of the copyrighted work. Bloomberg Ireland Irish bailout bond market contagion Portugal Spain Greece Pigs Europe EU euro dollar IMF central banks bonds domino effect ratings global economy germany angela merkle US china yuan gold silver merkel
Buzz on Twitter: KSUnewsbuzz Ireland Refused Bailout: www.nytimes.com Medical Marijuana Legal In Arizona: www.nytimes.com Alleged Elizabeth Smart Kidnapper Singing Through Trial: www.cbsnews.com Mayor Vetoes Happy Meal Toy Ban: www.cnn.com Four Loko No Longer Shipped to New York State: www.nytimes.com Central Florida Students Caught Cheating: www.latimes.com
Guest host cbrons rips deficit committee, big spending republican country clubbers, Cancun Climate Summit, EU Ireland bailout talks, Michael Bloomberg, Babs Boxer and Nancy Pelosi.
Shares in Ireland’s banks hit record lows and national borrowing costs reached new euro-era highs Monday as the government presented its latest plans for financial survival to the European Union’s economic commissioner, who has the power to order
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RTÉ irish Radio ireland economy property bubble joe duffy rte recession LiveLine Mortgage Bailout 12 Nov 2010
Nov. 11 (Bloomberg) -- Julian Callow, chief European economist at Barclays Capital, discusses the outlook for Ireland's economy. He talks with Maryam Nemazee on Bloomberg Television's "Countdown." FAIR USE NOTICE: This video may contain copyrighted material. Such material is made available for educational purposes only. This constitutes a 'fair use' of any such copyrighted material as provided for in Title 17 USC section 107 of the US Copyright Law.
B(L)ANK OF IRELAND - THIS WAY OUT, asks the right questions and stands up to the financial terrorists who are throwing men, women, children and entire families onto the street in the name of profit. Nobody need leave their homes until they ask who they owe money to and why. A copy of Darrell's book is available here: issuu.com The Irish people own this country, not the banks. we the people are sovereign
Video commentary about the latest news including food stamp participation at a 27 year high, Fitch downgrading Ireland's credit, the US private sector sheds 39000 jobs and more. Private sector sheds 39000 jobs in September finance.yahoo.com Food Stamp Recipients at Record 41.8 Million Americans in July, US Says www.bloomberg.com New Yorkers' Income Falls for 1st Time in 70 Years www.cnbc.com POLL: Dislike of healthcare law crosses party lines, 1 in 4 Dems want repeal thehill.com More NATO tankers torched in Pakistan presstv.com Geithner Says Japan Isn't to Blame for Global Currency Tension www.bloomberg.com The IMF is calling for a huge new round of bank bailouts. blacklistednews.com Polish Jobless Rate Rises In September www.rttnews.com Fitch Downgrades Ireland on Bank Clean up, Economy abcnews.go.com Cancelled MTA contracts result in 850 layoffs www.crainsnewyork.com Rosetta Genomics fell for the second day on news that it was laying off 20% www.marketwatch.com State to cut 725 more jobs, boost furloughs www.thenewstribune.com Atlantic City casinos cut 1400 jobs as business hits seasonal slowdown www.pressofatlanticcity.com
Bailouts and recessions prove that the existent money has no substancial value - it is fictional. Bailouts will continue = as well as the recession - this will bring the middle class closer and closer to the poverty line. The Equal Money System proposed by the Equal Life Foundation is the solution to this degradating capitalistic monetary system. The Equal Money System will put an end to poverty and the abuse of life in the name of greed and the self interest promoted by the current monetary system. To find out more: equalmoney.org www.desteni.co.za www.youtube.com www.youtube.com/BernardPoolman www.youtube.com/ijjesus www.myspace.com/Jamblin Join the facebook group: www.facebook.com
Shares of Bank of Ireland (NYSE:IRE) received a 5% boost earlier Friday after officials from Ireland's government announced that it would take over majority control of several competing agencies. The government has had to prop up a series of the country's largest banks in an effort to battle the financial crisis affecting institutions. The Irish announced a fresh round of bailout capital, amounting to $68 billion Friday. The government will have to impose further austerity measures to afford the lifeline. SmarTrend currently has Bank of Ireland in aDowntrend. Since 2008, SmarTrend subscribers trading Bank of Ireland using our alerts outperformed the stock by 15654%. We are monitoring these developments and will alert subscribers to any change in trend. Shares of the bank continue to continue to trade up 4.12% at $3.54.
www.StockMarketFunding.com Ireland Leads Surge in Sovereign Default Swaps on Bailout Costs CDS Cost Rise. Ireland 5-Year Sovereign CDS Rise To 505 basis points. "Ireland debt" issues weigh on stock markets on the opening bell. LONDON (Dow Jones)--The cost of insuring Irish sovereign debt against default using credit default swaps rose significantly early Tuesday, before recovering slightly, as concerns about the cost to Ireland of supporting its banking system continue to worry markets. Ireland's five-year sovereign CDS spreads rose to 505/525 basis points mid-morning, before recovering slightly to 495/515 basis points, around 32 basis points higher from Monday's closing level, according to data provider Markit. Ireland's CDS have never closed above 500 basis points. "Sovereign debt risk concerns will linger in the euro-zone with Ireland firmly in the spotlight," credit strategists at BNP Paribas SA said in a note. "With its CDS at its highest, it will continue to weigh on credit markets in the very short-term." An investor said that the wide gap--around 20 basis points--between the bid and offer levels that dealers were quoting suggests that the market was illiquid. Ireland's CDS have risen steadily since early August as fears around the bailout of its crippled banking system have grown. Moody's Investors Service Monday downgraded some of the debt of Anglo Irish Bank Corp., saying it was unclear whether the debt would benefit from government support under plans to split ...
www.stockmarketfunding.com Bank bailouts bleeding Ireland! Ireland's credit rating downgraded by Moody's StockmarketFunding.com's CEO & Chief Economic Analyst Mario Marciano alerted investors and traders over a year ago of the credit risks of the Eurozone, specifically Ireland and how the risks were systemic and would ultimately lead to debt downgrades. We highlighted the problems with the very high debt Ratio. In this video we discuss US GDP increase of 3% and how that can easily go to 0%. The support of the current banking system in Europe as made it clear that Ireland has a problem. These worldwide leaders didn't want to do the right thing and clean up their balance sheets. They decided to bailout Greece and we told people about the longer term implications of such irrational policies. The earnings cycle in the US will go down as global spending continues to decline. This is the peek in those earnings cycle as we've been highlighting in recent videos. On 30 September 2008, the Irish Government declared a guarantee that intends to safeguard the Irish banking system. The Irish State guarantee, backed by taxpayer funds, covers "all deposits (retail, commercial, institutional and interbank), covered bonds, senior debt and dated subordinated debt". As of December 2007, Ireland's net unemployment benefits for long-term unemployed people across four family types (single people, lone parents, single-income couples with and without children) was the third highest of the OECD ...
Tri Lateral commision www.wearechange.ie www.sovereignindependent.org www.info-wars.org www.freemanireland.ning.com The scene outside the hotel four seasons Dublin Ireland may 8th 2010 full of dirt bags from the Tri lateral commission and the people outside on the road not allowed into the Tri lateral meeting having a party Members of the secret government Tri Lateral commission mostly remain inside hotel four seasons Dublin Ireland Saterday 8th may 2010. The meeting was attended by Rockerfeller and Henry Kissinger a wanted war criminal and the garda knews this fact and didn't arrest the Henry Kissinger . Brian Cowen Taoiseach (head of the Irish government equivalent to Prime minister ) the traitor attended the meeting welcoming anti sovereign one world government schemers and planners scum bags to Ireland We assume that German,French ,Spain and other heads of states who also commit this type of traitorous act had suitable people representing their interests in these traitorous act to remove all sovereignty for European nations It seems one German advisor Bernhard May was maybe interested to debate and verify what the protestesters agenda is or justify himself for his involvement with these offshore bankers who are robbing all Europes wealth From the Saturday debate with Bernhard May it can be now seen in hindsight from the Monday 10th may and Tuesday 11th May 2010 the EU government and banking annocements of ~1 trillon Euro bailout the Tri Lateral meeting was there to ...
BLOOD IN THE STREETS! Bank Bailout Protesters Storm Ireland's Parliament
Thousands took to the streets to protest at the bailout of the banks and at the jobs crisis in Ireland. Watch some of the speeches, listen to the views of some of the protestors. John Bisset a veteran campaigner for social justice was particularly scathing of the role of the media in backing up the propaganda war on workers, women, the poor, the disabled and the vulnerable. There were some scuffles at the Daíl where people tried to get in. Speakers included Fintan O'Toole (Irish Times), Jeanette Byrne (Patients Together), Siobhan O'Donoghue (Community Workers Co-op), John Kidd (Siptu Firefighters), Cllr Richard Boyd Barrett (People Before Profit), Professor Kathleen Lynch (UCD), Ruadhan MacAodhán (Sinn Féin)and John Bisset from the Canals Communities Project. Video (c) Paula Geraghty Permission must be sought before use. No part may be used without permission granted. Moral rights asserted.
May 12 (Bloomberg) Irish people taking it on the chin... Bloomberg's Louise Beale reports from Dublin on Ireland's worst recession on record and the impact of austerity measures on daily life in the capital. Copyright Bloomberg 2010 Ireland Dublin austerity measures pigs portugal italy Greece spain imf central banks budgets bailout bailouts greek euro eurozone eu irish
Smash the NAMA Republic - Protest Leinster House - Assemble 7pm, Tues, May 25th, Wolfe Tone Monument, Stephens Green, Dublin. Bígí linn. For more go to www.eirigi.org
US taxpayers are paying 20% of the Greece, European banks bailout via the IMF. Watch the whole interview if you have time. From the Dylan Ratigan show—5/10/10 Copyright MSNBC 2010 Greece greek bailout imf loan central banks European Dylan ratigan pigs Portugal spain italy Ireland Iceland dow surges rescue plan sovereign debt tarp tim geitner union eu germany france euro eurozone euro-zone bankrupt austerity rescue
Sat Apr 24 2010--ITN Riots erupt in Greece as the country has appealed for emergency loans in the first financial rescue of a member of the euro zone. Copyright ITN 2010 itn.co.uk riots Greece greek emergency loans imf eurozone eruo zone financial rescue restructuring eu central bank European union emf pigs piigs Portugal Ireland italy spain germany france Athens protestors
April 9 (Bloomberg) -- James Galbraith, a professor at the University of Texas, talks with Bloomberg's Francine Lacqua about his "biggest fear" for the European economy. Galbraith, speaking in Cambridge, England, also discusses US household debt and the outlook for an economic recovery. Copyright Bloomberg 2010 Greece greek default imf hedge funds pigs European union eu euro central bank financial crisis emf bailout loans Europe unemployment spain portugal italy Ireland deficit budget james galbraith g20 recovery us household consumer debt economic collapse recession stimulus
Devaluation of the Euro coming? March 24 (Bloomberg) -- Charles Dumas, research director at Lombard Street Research Ltd., talks with Bloomberg's Deirdre Bolton and Jon Erlichman about the outlook for the euro after Portugal's credit grade was cut one step to AA- by Fitch Ratings. Copyright Bloomberg 2010 Portugal euro fitch rate cut devaluation germany eurozone euro zone breakup bailout spain italy Ireland Greece greek pigs piigs
Additional links below: Feb. 16 (Bloomberg) -- Hugh Brady, a research fellow at the Centre for European Reform, talks with Bloomberg's Chris Burns about the prospect of Greece receiving a bailout from the European Union. They speak in Brussels. Copyright Bloomberg 2010 See also: European ministers ready to force deeper cuts on Greece: www.bloomberg.com Denninger on Greece and Goldman: networkedblogs.com Greece EU European Union IMF default bailout budget cuts euro Central Bank Greek Italy Ireland Portugal Spain PIGS PIIGS euro zone eurozone
Today's song (cause it's Friday) www.youtube.com Faber says correction is underwy and all governments will default. From cnbc 2/10/10 copyright msnbe 2010 Marc Faber European Union EU Greece Greek budget cuts downgrade default PIGS PIIGS Spain Portugal Italy Ireland euro euro zone eurozone Central Bank Germany GDP contagion bailout
So failed chancellor Alistair Darling says the UK won't pay for any bailout of Greece. Someone tell Alistair "Article 122" of the Lisbon Treason Treaty then see if he's so confident of no British taxpayers money funding any bailout of the European PIGS / Euro currency. This is what you get when nobody in New Labour read any of the treaty they rammed into law. Recorded from Sky News, 11 February 2010.
Rumors of a bailout for Greece.... was enough to send the markets up Tuesday. But so far they're just rumors. Meanwhile, nationwide strike is planned for Greece on Wednesday. From CNBC. Germany's planned involvement? www.msnbc.msn.com Copyright MSNBC 2010 Greece bailout EU European Union Spain Portugal Italy Ireland PIGS PIIGS protest Greek Central Bank ECB euro eurozone zone
...dedicated to tax-payers everywhere who are bailing out banks and bankers...
A fairytale about NAMA (aka The Bad Bank act). Brought to you by www.lecraic.com and based on the comments at http on IrishEconomy.ie Join the No to Nama group on Facebook at tr.im
Daniel Hannan gives a speech in the European Parliament in May 2009. Daniel Hannan is Conservative MEP for South East England, blogs every day at www.hannan.co.uk and is author of The Plan: Twelve Months to Renew Britain; www.amazon.co.uk
Satirical Song about today's economy by Pat Quinn,Ireland --------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- ------- Definitions for people not from Ireland: AIB -Allied Irish Bank BOI - Bank Of Ireland Brian- Brian Cohen- "prime minister" Definitions for people who are under the radar: CAB Citizens Assets Bureau NAMA National Asset Management Agency
Bank of Ireland defended its plans for a state bailout today against a hail of criticism from shareholders, but admitted it had earlier failed to respond in time to the bursting of Ireland's property bubble.
Bank of Ireland is seeking investor approval
This Is London
Germany is very smart in rejecting a bailout of Eastern Europe; they need to think of themselves first and foremost. I guess the European Union has hit a bump in the road to their dream of becoming united, where nationalities and borders no longer matter. The Germans are sounding pretty nationalistic to me, and I don't blame them. Why should Germany have to pay for the incompetence, or misfortune of other countries? That would be like taking tax money from competent innovative companies and then giving it to incompetent and mismanaged companies. Who in their right mind would do something like that? Why would someone want to reward failure? It makes no sense to me, and apparently it makes no sense to the Germans either. jbranstetter04 Germany rejects Eastern Europe bailout Germany on Sunday rejected appeals for a single multibillion-euro bailout of Eastern Europe, even after Hungary begged European Union leaders not to let a new "Iron Curtain" divide the Continent into rich and poor. The swift, strong comments by Chancellor Angela Merkel of Germany dampened hopes that leaders at the EU summit meeting Sunday could forge a unified stance to tackle the worsening economic crisis. As Europe's largest economy, Germany has been under increasing pressure to take the lead in rescuing eastern EU members, but Merkel insisted that a one-size-fits-all bailout was unwise. "Saying that the situation is the same for all Central and Eastern European states, I don't see that," said Merkel ...
Ireland rescues stricken banks with 5.5 billion euro bailout plan; Irish government takes 75% controlling stake in Anglo Irish bank; Report and analysis by Hamish Risk of Bloomberg News
Ireland will spend $7.7 billion to bail out country's three largest banks; Government forced to act to prevent collapse of banking system; Lenders' capital has been eroded by bad loans to homeowners and property developers; Government will take control An
...welfare bills. DUBLIN, Ireland (AP) - Ireland's finance minister revealed plans Monday for a ¤5.5 billion ($7.7 billion) bailout of three leading banks _ made necessary by what he called reckless property lending during Ireland's long Celtic Tiger boom. Brian...