Ireland returns to the bond market [updated]
Some extra blurb:IRELAND ANNOUNCES BOND SWITCHThe National Treasury Management Agency will announce switch terms from 4% Treasury Bond 2014 to a new 18 February 2015 bond....
That’s not a bazooka…
*This* is a bazooka.Not a €2,000bn bazooka… a €5,000bn bazooka to repair the eurozone, according to Peter Boone and Simon Johnson, writing for the Peterson Institute...
Lifeline for Iceland’s data centre hopes
Iceland’s hopes of becoming a global hub for data centres came a step closer on Thursday, when plans for a new transatlantic subsea cable were announced, that would link New York and London via Iceland and Ireland. Iceland has long …Continu...
Looking at the eurozone through a NIIP prism
Whichever way you look at it, the eurozone crisis is ugly.But looking at the overall indebtedness of peripheral economies instead of focusing solely on their public sector debt...
Sprechen Sie Deutsch?
Friday’s quote du jour comes from German paper Frankfurter Allgemeine Zeitung and its interview with Irish prime minister Enda Kenny.First question – “Mr Irish prime minister,...
Dicing with debt, EFSF edition
If the thing set up to borrow for the eurozone can’t borrow then the eurozone is screwed. That was the lament from the market when the EFSF decided to postpone on Wednesday...
RBS – encouraging results?
Revenues below consensus, expenses higher than consensus, impairments significantly below consensus. Result: figures that please the market.Well, that how we’re reading...
The EFSF’s funding funk
Casualty of “market conditions” on Wednesday – the EFSF’s latest bond issue.The EFSF had mandated Barclays Capital, Credit Agricole and JP Morgan on Monday...
Greek lessons from John Major, Latvia and Ireland
So, bondholders (if they “agree”) will give Greece more of a fighting chance to tackle its debt burden. But Greece will also have to pull its own weight.Without its own currency,...
Negative pledge — a periphery tour
Further to recent events in Greek foreign-law bonds and Finnish demands for collateral…Portugal (€5bn Euro Medium Term note programme):Italy (Medium Term Note programme):...
Czech these periphery write-downs out
Only in a stress test, but still…From the Czech central bank’s August stress-testing of its banks, published on Monday:The Recession stress scenario assumes a drop...
