Economic Incentives

The three banks in which the State continues to hold a stake are AIB, BOI and PTSB (collectively the PCAR banks).  Here is a summary of thei...

Philippe Legrain’s recent book, European Spring , has generated a good deal of reaction in Ireland.  Although it is a very broad-ranging boo...

We are all aware that the decision of September 30th 2008 resulted in a the creation of a contingent liability of around €440 billion for th...

An article by Donal Donovan in last Saturday’s Irish Times reiterates a point made previously that the almost-blanket two-year guarantee in...

Below the fold is a narrative that tries to pull together the revelations in the Anglo tapes this weekend as well as the piecemeal informati...

The issue of further capital for the banks has attracted some attention in recent days.  Prof. Brian Lucey had a piece in Saturday’s Irish ...

On last night’s Primetime , Professor Hans-Werner Sinn seemed to support a default on the upcoming €3.1 billion payment on the Anglo Promiss...

(but could have been part of the solution) The issue of bank bondholders continues to garner significant attention with articles such as t...

The question of restructuring the Promissory Notes used in 2010 to recapitalise Anglo Irish Bank (€25.3 billion) and Irish Nationwide (€5.3 ...

While the headline is that “ tax take is €365 million ahead of target by end of August ” it is useful to go behind the numbers a little bit....

The Department of Finance have released the end-March Exchequer Returns.  The relevant documents are: Exchequer Statement Analysis...

Yesterday’s Troika press conference has attracted more attention than usual because of an exchange between journalist and broadcaster, Vinc...

The level of deposits in the Irish banking system paints a pretty alarming picture. The collapse after the end of the initial “blanket” ...

On the release of Anglo Irish Bank’s half-year results to the end of June 2011 , chief executive Mike Aynsley said the following : ...

The pattern of the total deposits in all banks operating in Ireland paints a dramatic picture.  Since August 2010 deposits have fallen from ...