Ireland

  • 22 Mar @ 14:22

    Ireland has officially moved back into recession, GDP contracting 0.2% in Q4 of last year, with Q3 revised up from -1.9% to -1.1%, so despite this technicality, today’s release is not all bad news. Nevertheless, there has been a definite shift this week towards focusing on the economic risks that currently prevail in the eurozone….

  • 16 Mar @ 21:58

    Increasingly apparent over recent weeks is that some national parliaments at balking at ratifying Europe’s fiscal compact. In France, Socialist opposition leader Hollande has already promised that he will seek to renegotiate the pact should he be elected in the upcoming Presidential election; he currently leads Nicolas Sarkozy in the polls by a comfortable margin…

  • 20 Feb @ 17:41

    Even more apparent over recent months is the two-tier nature of the British housing market. In London, house prices have been rising, whereas in the North, West and in Northern Ireland prices have been falling. According to Rightmove, a property website, asking prices in London jumped by 2.5% this month, just below the record achieved…

  • 04 Jan @ 18:48

    The International Monetary Fund has increased, by over 50%, in 2011, the outstanding loans to its member states, according to figures released Wednesday by the institution. On December 30th 2011, the amounts lent by the IMF to its member states totaled 142.2 billion dollars, causing a 53% increase. This total is constantly inflating: in 2007…

  • 06 Oct @ 16:43

    In the UK, the Financial Policy Committee (FPC), a new authority of the Bank of England responsible for scrutinizing the systemic risks, asked the banks to “seize every opportunity” to strengthen their capital. The committee also calls on the Financial Services Authority (FSA, the regulator) to encourage banks to strengthen their capital base without weakening…

  • 13 Sep @ 09:32

    Deputy Prime Minister of Ireland called Jürgen Stark’s, chief economist of the ECB, statements “not constructive”, the latter having asked Dublin to cut back the salaries in the public sector to control the budget deficit. The words of Jürgen Stark, just hours before the announcement of his resignation Friday, increase pressure on the Irish State…

  • 29 Mar @ 07:07

    Noticeable after a challenging few weeks is the creeping strength of the dollar over recent days. We are not talking about a huge move – so far, the dollar index is up by around 1% from last Tuesday’s low. This improved showing by the dollar in some part reflects the shifting weight of Fed opinion…

  • 25 Mar @ 08:11

    The euro was one of the best performers during the European session on Thursday, despite the looming election in Portugal, the assumed EU bailout and the prospect of a delay to agreement on reform of the EFSF. There were three over-arching reasons for the single currency’s vigour. The first was the weakness of both the…