Blog Posts by Sean Whelan

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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

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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

Chopra’s five lessons from the Irish bailout

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By Economics Correspondent Sean Whelan In a survey article published by the International Monetary Fund on Thursday, 19th December, Ajai Chopra says “my involvement with Ireland over the past few years has been the capstone of a three-decade career at … Continue reading

A (sort of) farewell from the Troika

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By Economics Correspondent Seán Whelan According to the European Commission, NAMA has sold 7,000 individual properties, raising €10 billion in the process.  It has also pulled in €4 billion in rent from its property roster.  And it has repaid (redeemed) … Continue reading

Back to the future – the IMF’s advice in 1999

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By Economics Correspondent Sean Whelan Given all the recent talk about the Government seeking advice on the end of the Troika bailout, here is some that wasn’t taken on board as the last century ended – the last paragraph in … Continue reading

Dull document masks budgetary dynamite

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  By Economics Correspondent Sean Whelan A potential outbreak of revolution has been picked up on RTÉ’s early warning political radar system. On Friday the European Commission published a document with the reassuringly dull title “2014 draft budgetary plans of … Continue reading

Cash flow (Newbridge edition)

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By Economics Correspondent Sean Whelan Hourly reporting.  That’s what the Central Bank imposed on Newbridge Credit Union back at the end of July.  The regulator wanted to know how much cash was leaving the credit union every hour. Why? – because the … Continue reading

How do we compare?

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  by Economics Correspondent Seán Whelan As we glide into the Irish Budget for 2014, its easy to forget that we are not the only country facing a big fiscal challenge, and making significant budget adjustments. Our adjustment – now … Continue reading

Flanking banking

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  by Seán Whelan, Economics Corresponent One of the chapters in the latest Global Financial Stability Report from the IMF looks at the problem of banks that can not or will not lend money.  It’s not just an Irish problem. … Continue reading

Up to our neck in it

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By Seán Whelan, Economics Correspondent OK, we know it’s bad, but how bad. The Fiscal Council has done us another favour by trawling through all the various state accounts to try and figure out the impact of the financial crisis … Continue reading

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