Daily Archives: March 25, 2013

Cypriot bailout 2.0: Don’t underestimate the impact

Posted on by David Murphy

by Business Editor David Murphy The revised Cypriot bailout is startling. Not only does it aim to sort out the banking mess, it also intends to extinguish part of the Cypriot economy and replace it with something else; but what? … Continue reading

What the Cypriot chaos means for Ireland

Posted on by David Murphy

by Business Editor David Murphy On the surface, the Cyprus bailout may have seemed relatively straightforward. The island originally requested aid in 2011, and it was intended to be a small rescue. Yet the Cypriot aftershock now risks undoing all … Continue reading

Elderfield produces the big stick

Posted on by David Murphy

by Business Editor David Murphy The Central Bank’s deputy governor Matthew Elderfield appears to be strong-arming the banks into cutting deals with some over stretched borrowers. The lenders don’t want to admit that is what is happening, but judging from … Continue reading

Repo Man

Posted on by Sean Whelan

  By Seán Whelan Economics Correspondent With all the comment – some bordering on the hysterical – about Department of Finance boss John Moran’s  answers to questions on mortgage repossessions at the Public Accounts Committee last week, I thought it … Continue reading

Pressing times for Irish newspapers

Posted on by David Murphy

By David Murphy, Business Editor The unusual deal to save the newspapers and radio stations forming part of the Irish Examiner group shines a light into the core of the troubled newspaper industry. Most revealing were the figures at the … Continue reading

Caps and Capital Requirements

Posted on by Sean Whelan

By Sean Whelan, Economics Correspondent In the usual way of Brussels stories, a local political win has hogged the headlines, obscuring another story of great consequence. Yesterday’s nod of approval by the ECOFIN council for the Troika to look at … Continue reading

The Government’s role in the mortgage problem

Posted on by David Murphy

By David Murphy, Business Editor The nightmare of mortgage arrears is perhaps the most urgent problem facing Ireland. Central Bank Governor Patrick Honohan has accused banks of making slow progress on the issue and has, in particular, told the financial … Continue reading