Recent Event Highlights: Ireland debates bank-bailouts, awaits EU ruling, Asian Shares Drop; Yen Strength Hurts Japan Exporters - Wall Street Journal, Greek Deals Hidden From EU Probed as 400% Yield Gap Shows Doubt - Bloomberg, Lenihan Says Ireland Won't Need to Tap EU's Rescue Package - BusinessWeek, Eurozone fears send investors to havens - Financial Times, Workers' strikes had little impact on the Irish government's public spending cuts - BBC News, and 162 more...
Created by dipity on Aug 9, 2009
Last updated: 11/16/10 at 02:38 PM
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...in 2008 - was required, like all members of the European common currency, to keep deficit spending under 3 percent of GDP. Ireland, midway through an austerity program involving tax hikes and spending cuts, says it is aiming to return to that 3 percent deficit...
Kansas City StarAsian Shares Drop; Yen Strength Hurts Japan ExportersWall Street JournalIt was the first time Noda has mentioned that currency-market intervention was a policy option. "Japan's situation is particularly grim amid the possibility ...REFILE-GLOBAL MARKETS-Asian shares slip; rising yen hits NikkeiFOXBusinessDaily Market OutlookFXstreet.com The Forex Marketall 855 news articles »
Greek Deals Hidden From EU Probed as 400% Yield Gap Shows DoubtBloomberg“What the Greeks did was an absolute cardinal sin,” said Ruairi Quinn, former finance minister of Ireland who presided over the 1996 meeting where debt and ...and more »
Irish TimesLenihan Says Ireland Won't Need to Tap EU's Rescue PackageBusinessWeek7 (Bloomberg) -- Irish Finance Minister Brian Lenihan said he doesn't expect Ireland will have to tap the European- Union rescue fund as markets “remain ...Watching the Camel's BackSeeking Alpha (blog)We don't have an economic policy, it's all just a big bluffIrish IndependentEuro CDS: Most Sectors See Widening; Financials UnderperformIMarketnews.comIrish Times -Sydney Morning Herald -FinFacts Irelandall 303 news articles »
Eurozone fears send investors to havensFinancial TimesInvestor worries over the eurozone have deepened, hitting the markets of the single currency's weaker economies and ...and more »
Workers' strikes had little impact on the Irish government's public spending cutsBBC NewsAs a member of the Eurozone, the Republic did not have the option of a currency devaluation or printing extra money, unlike the UK. ...and more »
Stiglitz Says Europe Made Wrong Bet With AusterityBloombergIreland's struggle to revitalize its economy after the country's worst recession on record shows the risks of focusing on deficits, Stiglitz said. ...and more »
New York Daily NewsEuro Overhaul Effort Fades as Economy Gains, Sanctions Bid EbbsBloombergThe 16-nation euro currency fell for a second day, dropping 1.3 percent to $1.2710 at 4:35 pm in London. While bond spreads in Spain, Portugal and Ireland ...Portugal suffers as lending costs soarFinancial TimesBanks Drag Europe DownWall Street Journal (blog)“Ireland's dependence on Europe is a one-way street.”Slugger O'TooleNASDAQ -Irish Independentall 1,098 news articles »
AFPMONEY MARKETS-No sign of banking stress given ECB guaranteesReuters"Many peripheral bond yields have been falling and it appears to be mostly a problem contained to Ireland, where one bank (Anglo-Irish) appears to be ...Heard on the Street: The Euro Zone's Next Big HeadacheWall Street JournalTrichet says a Greek exit from euro worst optionBusinessWeekall 94 news articles »
In Europe, it's no longer East vs. WestWashington PostAt the moment, the new North Europe is not the same thing as the eurozone either: Not all of its members use the common European currency -- though some of ...and more »
BBC News (blog)Europe argues over spending cutsBBC News (blog)Greece, Spain and Ireland saw the cost of raising money in the bond markets rise. They all knew how the script went. If the markets doubted their ...Next Step Down: From the European Union To The Transfer UnionBenzingaall 11 news articles »
Christian Science Monitor (blog)Iceland's depreciation a miracle cure? Only in Oz.Christian Science Monitor (blog)... Krugman and Ambrose Evans-Pritchard how the problems in various countries with the euro or with a currency pegged to the euro, like Ireland or Latvia, ...
Trichet says a Greek exit from euro worst optionBusinessWeekTrichet said that despite the exchange rate volatility -- the common currency reached about $1.6 in 2008 -- "we have delivered price stability over the last ...and more »
Risk rebounds on improving global dataAction ForexThe past week began with disappointment stemming from Japan's lack of direct currency intervention and risk aversion looked probable to continue into the ...and more »
RTE.ieEuro zone Q2 GDP jumps on households, investmentReuters... the currency area's biggest economy. Crisis-hit Greece was the only euro zone country to suffer contraction, although figures for Ireland were not ...Euro-Zone Unemployment Holds SteadyWall Street JournalEurozone jobless rate flat despite growthFinancial TimesAnalysis: EMU Jobless Rate Unchanged In July At Record 10.0%IMarketnews.comall 273 news articles »
AllianceBernstein Likes Italy Bonds as Asia Demand Spurs GrowthBusinessWeek... nations including Greece and Ireland. Increasing wages in Asia and a strengthening Japanese currency are boosting the competitiveness of manufacturing ...and more »
The GuardianAusterity Hawks Lose Their Celtic Poster Child: Matthew LynnBloombergIf there is one country that proves what a mess the single currency has become, it isn't Greece, or even Spain or Portugal. It's Ireland. ...Europe's Debt Crisis Is Over. Probably. Or Maybe Not.Wall Street Journal (blog)The Austerity Measurement: Greece Defies Keynes, Keynes Laughs LastAquarian WeeklyYour browser does not support scriptCity JournalEmerginvest -The Plank on TNR.com (blog)all 43 news articles »
...intensifying stress in the euro-zone, and yet investors are clamoring to buy Irish and Portuguese bonds. “With German yields grinding lower, it is hardly surprising that there is healthy demand for yield within the same currency zone,” NCB’s Devine says....
Wall Street Journal
Produced by: DailyFX.com AM Forex Trading Outlook. Daily morning analysis of the US Forex market trading session with DailyFX Currency Analysts David Song and Michael Wright. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.
The GuardianMorning briefing: Ireland's credit rating downgradedWashington Post (blog)The yen fell back from a 15-year-high after a report said Japan's central bank was considering weakening the currency. 2. Business sentiment in Germany ...Euro Falls Back as S&P Cuts Ireland's Credit Rating, British Pound Maintains ...Daily FXStandard and Poor's Lowers Ireland Rating on Bank Bailout CostsDailyFinanceDowngrade weighs on market sentimentIrish Timesall 565 news articles »
Telegraph.co.ukSwiss Franc Advances to Another Record Against Euro After Irish DowngradeBloomberg“Risk-averse investors are buying the franc as we have a mix of negative news,” said Giovanni Staunovo, a currency analyst at UBS AG in Zurich. “Ireland has ...Swiss Franc Hits Record High Against EuroWall Street JournalSwiss franc at record high against euroFinancial TimesFresh flight to Swiss franc as Europe's bond strains returnTelegraph.co.ukMinyanville.com -TheStreet.comall 79 news articles »
Globe and MailYen jumps to 15-year high against the dollar, helped by safe-haven bidsMarketWatchSAN FRANCISCO (MarketWatch) -- A downgrade of Ireland's sovereign debt rating late Tuesday further roiled ...CURRENCIES: Euro Slides Late On Irish Downgrade; Yen SoarsNASDAQDollar recovers vs. yen, weakens against euro after US dataMarketWatchWORLD FOREX: Dollar Up Vs Yen; Investors Watch Central BanksWall Street JournalReuters -IMarketnews.com -Channel News Asiaall 2,847 news articles »
Kansas City StarFOREX-Yen storms ahead, euro hit by Ireland downgradeReutersOnly fears of intervention restrained the yen as the Nikkei business daily reported Japan's Ministry of Finance might sell the currency if speculators drive ...Euro Hits New Lows vs. the Dollar and the YenIBTimesGLOBAL MARKETS-Stocks fall for 5th day; yen eases off 15-yr highReutersWorld stocks off for 5th day; Yen dips from 15-year highReuters Indiaall 230 news articles »
...bonds. So the euro is seeing a bit of a rebound," said Ian Stannard, senior currency strategist at BNP Paribas. Concerns that Ireland, Spain and other euro zone "peripheral" borrowers will struggle to dig themselves out of crisis in a vicious circle of budget...
...These assumptions include, but are not limited to, our accurate projections of future interest rates, commodity price and foreign currency pricing, continued normal levels of operating performance and electricity volume at our distribution companies and operational...
Manajah Presents : Ireland Ireland (Irish: Éire), described as the Republic of Ireland, is a country in north-western Europe Capital: Dublin Official languages: Irish & English Area: 70.182 Km² Population: Ca. 4.500.000 Ethnic groups: 90 % Irish 8 % Other Europeans 2 % Other Currency: Euro € Religion: 87 % Catholic Christians 4 % No Religion 3 % Anglican Christians 2 % Protestant Christians 1 % Muslims 3 % Other Sports: Ireland's national sports are Gaelic football and hurling
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The Euro, The ECB and the European Sovereign Debt Crisis 14 Jul 2010 About the Event: At this meeting of the IIEA Economists Group, Professor Karl Whelan addressed the nature of the current 'euro crisis', giving particular attention to the political and economic implications of the European Financial Stabilisation Mechanism and the decision of the European Central Bank to purchase government bonds. More generally, he considered the relationship between the European sovereign debt crisis, the euro currency and the financial system. About the Speaker: Karl Whelan is a Professor at the School of Economics, University College Dublin. After obtaining his PhD from MIT in 1997, he worked for over ten years in central banks, first at the Federal Reserve Board in Washington and then at the Central Bank of Ireland. His research is generally concentrated in applied macroeconomics and has been published in leading journals such as American Economic Review, Review of Economics and Statistics, Journal of Monetary Economics, and Journal of Money, Credit, and Banking. Prof. Whelan is a regular contributor at irisheconomy.ie and was recently made a fellow of the Royal Irish Academy.
Carrying on regardless with the Euro
Nigel Farage returns to Strasbourg and says that Greece, Portugal, Spain and Ireland should break free from the Euro.
U.TVIrish govt, bankers blamed for overheating economyBusinessWeekBut in its later years the government -- aided by Ireland's ability to enjoy low interest rates because of its membership in the fledgling euro currency ...Crisis result of property bubble and weak rulesIrish TimesWednesday Newspaper Review - Irish Business News and International Stories ...FinFacts Irelandall 194 news articles »
New York TimesBritish blogger unlikely economic sageCNN InternationalGermany abandoned the Deutschemark in 2002 when it joined the single currency. The theory is that Germany's exit would prompt a steep fall in the euro, ...Blog prophet of euro zone doomToronto Starall 10 news articles »
This is MoneyThe financial crisis in Greece and in the European UnionWorld Buzz News (blog)But, as in military conflict, every battle is whooping and causes fluctuations in global equity markets, trading in bond and currency markets. ...John Lennon's imagination and Euro crisisKhaleej TimesDear Deficit Hawks: At Least Get Your Facts StraightThe Business InsiderEurope's next top bailout...Moneyweb (blog)Gold Seek -The Guardian -Marketplace (blog)all 134 news articles »
Brisbane TimesDollar dips against euro ahead of ECB meetingChannel News AsiaThe single European currency rose to 1.1975 dollars in New York at about 2100 GMT, a shade higher than the 1.1967 dollars fetched on Tuesday. ...Trichet Under Pressure Over Bond Purchases as Spreads WidenBusinessWeekMarkets News Wednesday: Eurozone banks had record €364.59bn in ECB's overnight ...FinFacts IrelandEurope's central banks are front and centreGlobe and MailWall Street Journal -Action Forex -BusinessWorld Onlineall 277 news articles »
Currency HighlightsTheStreet.com... down 1 bp, and up 5 bp, respectively. Greek 10-year yields rose 2 bp, Portugal rose 1 bp, Ireland flat, Italy fell 15 bp and Spain fell 2 bp.and more »
BenzingaMake No Mistake: The Euro Is Going DownBenzingaSome analysts have floated the notion of being contrarian on the euro and moving into a 'buy' position on the currency now. While anything could happen, ...and more »
World stock markets daily report (June 09, 2010)Stock Markets ReviewBank of Ireland announced that it received 94.6% take up for its EUR 1.7bn rights issue that will bolster its capital which was higher than market ...and more »
The Blog Prophet of Euro Zone DoomNew York Times (blog)... since Spain and other struggling countries of the euro zone like Greece, Portugal, Ireland and Italy cannot devalue their common currency unilaterally, ...and more »
ReutersEuro unlikely to last five more years: FTSE in fresh falls as economists ...Daily MailThe dire state of the public finances of Greece and other eurozone members such as Portugal, Spain, Italy and Ireland have driven the single currency to a ...Economists say euro is doomedUPI.comAusterity Moves at Different SpeedsWall Street JournalThe Absolute Return Letter - The European DiseaseStockopediaDaily FX -New York Times -Gold Seekall 1,708 news articles »
The Guardian (blog)Euro-damage: How the union made Europe's weaklings even weakerCNNMoney"There will be no single currency in Europe," intoned Uncle Miltie. "The US is an appropriate zone for a single currency. Europe is not, because its ...Italy's Shot of Southern DiscomfortWall Street JournalThese Stocks Have Dangerous ExposureMotley FoolEurope's Woes Bound To WorsenHuffington Post (blog)Carnegie Endowment for International Peace -Vancouver Sun -Gold Seekall 223 news articles »
Reuters IndiaSilver lining in Europe's debt crisisPhiladelphia InquirerSuch worries have quickly extended to other hard-pressed European nations with weak economies and big fiscal problems, notably Portugal, Ireland, Italy, ...Completing Plan B for Greece will take a few glasses of ouzoFinancial Timesall 55 news articles »
Irish IndependentNama has started to pull punches alreadyIrish IndependentIreland remains solvent for as long as international investors are prepared to lend it fresh money to pay its bills, and their willingness to lend money at ...Nama: the truth it's a bailout for developersIrish Independentall 18 news articles »
Sovereign Debt Defaults Equal Social Unrest Plus Much Higher Gold PricesThe Market OracleAccording to the Maastricht Treaty which sets the terms of compliance for the sixteen member nations of the Euro currency club, annual deficits are limited ...Breaking up European debt would enhance financial disciplineTaipei Timesall 4 news articles »
Reuters IndiaUnited by a currency, divided they fallTimes of IndiaThe PIGS crisis as it is being called — referring to Portugal, Ireland, Greece and Spain, the countries worst hit — has battered the euro and is dragging ...Europe: A Continent Of Lies And Broken Promises; How The EU Elite Got It Wrong ...Prison Planet.comThe future of euro - inside storyUkrainian GlobalistMourn The Deutsche Mark, Buy The Turkish LiraForbesBarron's -EUobserver.com (blog) -Irish Timesall 318 news articles »
...market’s down. If Greece went on a spending spree and was crippled by widespread tax evasion, the ‘Celtic Tiger’ , Ireland became the first eurozone country to fall into recession in 2008 thanks to the bursting of its property bubble. The same was the case...
Times of India
CBC.caUS stocks end worst May in yearsWashington Post... the 16-nation currency, in doubt. Because debt-plagued member nations such as Greece, Spain, Portugal and Ireland do not control their currencies as ...May sours: Spain euro pain mangles marketsNew York PostFitch downgrades spain; US stocks, euro tumbleMoneycontrol.comMajor blow for Spain as Fitch cuts ratingsGulf Daily NewsCalgary Heraldall 1,366 news articles »
The GuardianRussia Profile Weekly Experts Panel: Is the Euro Dead and What Does That Mean ...Russia ProfileThis has led to excessive government spending and sovereign borrowing to finance it by some of the EU states, now known as PIIGS (Portugal, Italy, Ireland, ...G20 to endorse EU crisis strategyReutersFinancial Crisis Spreads Throughout EuropeNPRThe Age Of AusterityStock Markets ReviewWBRC -Calgary Herald -NewsHourall 178 news articles »
Pros See Opportunities in Battered European Stocksmsnbc.comItaly has a smaller fiscal deficit than either Ireland or Spain, for example, so it will probably have less cost-cutting -- with a less pronounced impact on ...and more »
...tourism had not been forthcoming. "Immediate measures are needed. As a result of currency fluctuations, the cost of coming to Ireland has decreased for people in the UK. I believe that marketing budgets need to be redirected to focus on potential visitors...
Telegraph.co.ukVIEW: Greece and the European Union —SP SethDaily TimesSince Greece, Portugal, Spain and Ireland are members of the common currency area, their sickness is bound to, sooner or later, affect the economies of ...Long live the euro - at parity with the dollarFinancial TimesCorporate Euro Cracks Are Visible TooWall Street Journal (blog)Can the European Union survive the debt crisis?Christian Science MonitorBusiness Times (subscription) -TIME -theTrumpet.comall 1,164 news articles »