Daily Archives: November 30, 2012

Property Tax: What we know so far

Posted on by David Murphy

David Murphy Business Editor As the Budget approaches it is becoming clear the property tax will form a large part of package of measures which will be unveiled by Michael Noonan. Politicians I have spoken to believe the new levy … Continue reading

Deposit dilemma facing Irish banks

Posted on by David Murphy

  by Business Editor David Murphy @davidmurphyRTE There have been a lot of concerns about the reluctance of banks to lend to businesses. The boss of the Credit Review Office, John Trethowan, has said he is “disappointed” by the provision of … Continue reading

Festering sore of bankers’ pay won’t go away

Posted on by David Murphy

By David Murphy, Business Editor @davidmurphyRTE It is no surprise the enormous salaries and pensions paid to bankers continue to make people deeply uncomfortable. Citizens who still have jobs are paying higher taxes, services are being cut, while many others can’t … Continue reading

Debt Service and the Promissory note

Posted on by Sean Whelan

By Economics Correspondent Seán Whelan @seanwhelanRTE It’s a number that leaps off the page – €1.9 billion in interest for the promissory note payment due next March.  It alone counts for most of the €3 billion jump in debt service … Continue reading

Budget farce about to begin

Posted on by David Murphy

By David Murphy, Business Editor @davidmurphyRTE When people are under pressure it is illuminating to see which values they hold dear. Last year Norway was stunned by the killing of 77 mostly young people by Anders Behring Breivik. The country’s prime … Continue reading

Judge 1 – Rating Agency 0

Posted on by Sean Whelan

  by Economics Correspondent Sean Whelan @seanwhelanRTE Bathurst is a small town 200km west of Sydney that is best known (to me at least) as the home of the Bathurst 1000 motor race. It is not known as a place … Continue reading

Bad day for Bank of Ireland’s Richie Boucher

Posted on by David Murphy

By Business Editor David Murphy @davidmurphyRTE When politicians from the Oireachtas finance committee ran the rule over the chief executives from Bank of Ireland, AIB and IBRC recently, there were some unexpected results. Triple A rating went to the committee’s chairman … Continue reading

Greek problems could cloud Kenny-Merkel talks

Posted on by Sean Whelan

 By Economics Correspondent Seán Whelan @seanwhelanRTE Just when you think you’re getting somewhere with the talks on Ireland’s bank debt burden, more Greek problems jump up and cause panic, like a horror-film monster that refuses to die. First there is … Continue reading