Blog Posts by Sean Whelan

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IMF focuses on distressed loans

Posted on by Sean Whelan

  The latest IMF Global Financial Stability Report contains a substantial item on distressed bank loans in the Euro Area. It comes to the conclusion that “without significant policy efforts to address the burden of nonperforming loans, some economies may … Continue reading

NCC warning on competitiveness challenges

Posted on by Sean Whelan

  At least the National Competitiveness Council hasn’t been taken in by the hype over property prices. It clearly sees the dangers of rapidly rising house prices and rental costs – at least from a cost competitiveness point of view.  … Continue reading

More tax dodger news

Posted on by Sean Whelan

By Economics Editor Sean Whelan Once upon a time tax dodging was relatively easy; you just got your cash to the Isle of Man or Jersey and slipped it into a bank account owned by a nominee holding company. And … Continue reading

Banking as a profession?

Posted on by Sean Whelan

Here is another of my very lazy “blogs”, this one courtesy of a consultation document on the possible development of a bankers professional body in Britain. The consultation is being carried out by Sir Richard Lambert, former editor of the … Continue reading

Household debt or Government debt – which is worse?

Posted on by Sean Whelan

By Economics Correspondent Sean Whelan The news that AIB is going to write down the “warehoused” portion of debt in split mortgages from now on is to be welcomed. It is a belated recognition from a big bank that some … Continue reading

IMF says structural reforms are key for growth

Posted on by Sean Whelan

by Sean Whelan, Economics Correspondent The IMF has just published a new book by a number of its staffers called “Jobs and Growth : supporting the European Recovery”. Christine Lagarde, the IMF’s managing director, identifies three priorities – a better … Continue reading

They haven’t gone away you know – the OECD’s tax plans

Posted on by Sean Whelan

By Economics Correspondent Sean Whelan Pay attention tax-dodgers!  The OECD people have been working hard on the issue of double non-taxation, and will be producing a slew of reports over the next couple of months. They, in turn, will feed … Continue reading

Games take bronze in battle for sport industry’s value

Posted on by Sean Whelan

By Economics Correspondent Sean Whelan According to a new study on the economic impact of sport, it seems that the least economically important part of the sports industry is, er….sport. The European Commission is now trying to promote sport as … Continue reading

Compilation method changes to boost Irish GDP

Posted on by Sean Whelan

By Sean Whelan, Economics Correspondent @seanwhelanRTE Planned changes to the way EU countries compile their national accounts statistics could add between 1% and 2% to the level of Ireland’s GDP. The European System of Accounts 2010 (ESA2010) will come into … Continue reading

Peripheral bonds back in vogue after Irish sale

Posted on by Sean Whelan

By Economics Correspondent Sean Whelan The NTMA sells €3.75 billion worth of ten year bonds, and suddenly they are all at it! Spain is to offer €242 billion worth of bonds to the market this year – Italy will seek … Continue reading

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