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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Excerpt
...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...
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Belleville News-Democrat
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http://www.bnd.com/2010/09/08/1391940/ireland-debates-bank-bailouts.html
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 »
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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 »
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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 »
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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 »
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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 »
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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 »
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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 »
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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 »
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Excerpt
...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....
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Wall Street Journal
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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 »
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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 »
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Excerpt
...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...
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FOX Business
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http://www.foxbusiness.com/markets/markets/2010/08/17/ireland-spain-debt-auctions-ease-euro-zone-nerves/
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...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...
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Business Wire
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http://www.businesswire.com/news/home/20100812005733/en
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.
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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 »
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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 »
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Excerpt
...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...
Source Info
Times of India
http://timesofindia.indiatimes.com/Biz-International-Business/United-by-a-currency-divided-they-fall-/articleshow/5988047.cms
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 »
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Excerpt
...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...
Source Info
Irish Times
http://rss.feedsportal.com/c/851/f/10838/s/abd7f72/l/0L0Sirishtimes0N0Cnewspaper0Cbreaking0C20A10A0C0A5260Cbreaking350Bhtm/story01.htm
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 »
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