Category Archives: Finance

Liam Carroll's complex web

There has been much talk in recent months of Liam Carroll’s ‘complex web’ of companies, which all seem to owe each other money. Take one down, it has been said, and they all fall. But no one has yet tried … Continue reading

Posted in Finance, Irish Politics | 5 Comments

Stewart responds to Cramer

The Daily Show With Jon StewartM – Th 11p / 10c In Cramer We Trust Daily Show Full EpisodesImportant Things With Demetri Martin Political HumorEconomic Crisis

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S&P cuts Ireland outlook

Reuters: Standard & Poor’s Ratings Services said today it revised its outlook on the Republic of Ireland to negative from stable, on what we view as mounting fiscal pressures and deterioration of key economic sectors. At the same time, the … Continue reading

Posted in Finance | 1 Comment

Irish bank bailout, part 3

The Government will pump €5.5 billion into three of its largest banks after the collapse of the country’s property market and the impact of the global financial crisis eroded their capital. The government will inject €2bn into Allied Irish Banks, … Continue reading

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Fitzpatrick resigns

I really am absolutely puzzled by the Irish Times headline: FitzPatrick is first high-profile Irish casualty of global crisis How, exactly, is he a casualty of a global crisis? What have toxic US CDOs got to do with the transfering … Continue reading

Posted in Finance, Irish Politics | 2 Comments

Anglo Irish Bank – a lesson in an Irish solution…

Chairman of Anglo Irish Bank Sean Fitzpatrick has resigned. The €87m figure could lead to serious problems for the bank, with the bank now only worth €250m in total. The Financial Regulator has known for months, so the Government has … Continue reading

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Mattress racing

How would $100 stuffed under a mattress have performed since 1998, compared to investments in shares or bonds? The Economist takes a look:

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Lenihan: We didn't notice the downturn

So said that Sunday Independent yesterday. It went on: Mr Lenihan effectively admitted that the Government only became aware of the “decline” two months after he had been appointed Finance Minister. He said: “When we first saw the sign of … Continue reading

Posted in Economics, Finance | 2 Comments

€10 billion Irish bank recapitalisation

Why does it feel like Ireland will be seeking IMF assistance within 12 months? This strikes me as a very cack-handed response… The Government have just put a statement up on the Department of Finance website. Serious stuff. The Government … Continue reading

Posted in Economics, Finance | 7 Comments

Beamish & Crawford brewery to close

Heineken Ireland said: “The high costs of operating two breweries in the city, difficulties associated with expansion at the Beamish & Crawford facility and excess brewing capacity at Heineken Ireland, makes the future of the Beamish & Crawford plant unsustainable.” … Continue reading

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