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  1. #13711
    Dublin 4 Dublin 4 is offline
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    You can spot good old Otmar- Top Right hand Corner of the Photo, 3 Posts above.

    One of the founding fathers of the euro admits that some states may be forced to abandon the single currency, but insists Germany would be better off staying in.


    Otmar Issing, a former European Central Bank chief economist, warned that the eurozone could be heading towards fracture in a book called How we save the euro and strengthen Europe published this week .
    Euro founder admits some nations may be forced to leave - Telegraph

    Who's publishing his new book- Goldman Sachs???

    Otmar Issing (b. 27 March 1936 in Würzburg) is a German economist, president of the Center for Financial Studies (Goethe University Frankfurt) and former member of the board of the Deutsche Bundesbank (1990–1998) and of the Executive Board of the European Central Bank (1998–2006).
    He is an advisor for Goldman Sachs.
    Otmar Issing - Wikipedia, the free encyclopedia

    These guys are something else, they really are something else...
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  2. #13712
    McDave McDave is offline

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    Quote Originally Posted by Clanrickard View Post
    Good bye low tax. Good bye low tax wedge. Hello permanent status as a larger version of the Orkney Islands.
    I'm in favour of corporations paying a reasonable level of tax.

    I'm against facilitating a beggar thy neighbour policy of low-to-no tax incentivisation (enabling corporations to dodge tax). The CCCTB is a good compromise. Negotiated sensibly we can continue to attract foreign companies to set up here.

    I'm in favour of Ireland concentrating its policy energies on developing sustainable indigenous industries that provide real goods and services. By all means try and attract foreign companies. But don't overrely on it. It won't always be there.

    Hello open economy with a strong level self-sufficiency. Hello a larger version of the Irish economy.

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  3. #13713
    McDave McDave is offline

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    Italian bond yields below 6% - Spanish below 7% - Euro at $1.235

    Can Greece queer the pitch again, or can we count on a relatively quiet rest of the 'summer'?
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  4. #13714
    Dublin 4 Dublin 4 is offline
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    In case you didn't realise- Spain is in the initial stages of a Bailout but hey- don't let that destabilise your Summer
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  5. #13715
    Dublin 4 Dublin 4 is offline
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    More trub for Spitaly...

    European Central Bank President Mario Draghi’s bid to bring down Spanish and Italian yields may spur the nations to sell more short-dated notes, swelling the debt pile that needs refinancing in the coming years.


    ECB’s Rescue Worsens Spain, Italy Maturity Crunch: Euro Credit
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  6. #13716
    Dublin 4 Dublin 4 is offline
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  7. #13717
    Dublin 4 Dublin 4 is offline
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    Incredible to see Dan O'Brien on VB stating that Italy is more or less on Death Row & the Euro too!

    Italian Prime Minister Mario Monti has taken the gloves off in his fight to save Italy from disaster in the euro zone debt crisis, daring to stand up to European paymaster Germany in a way unthinkable a few months back.


    Monti takes off gloves in euro zone fight | Reuters

    Nitey nitey Cephaloniaphobes
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  8. #13718
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  9. #13719
    whooley whooley is offline

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    DBRS, one of four ratings agencies used by the ECB, has maintained Ireland's rating at A (Low), with a negative outlook. The loss of this last A rating would have increased costs for banks using Irish bonds as collateral with the ECB.

    Spain and Ireland dodged a bullet on Wednesday when ratings agency DBRS stopped short of downgrading their debt below a European Central Bank trigger for extra charges to banks using the countries' bonds as collateral.
    DBRS notes that the confirmation of Ireland’s rating reflects “tentative signs of stabilisation in the Irish economy..."
    The head of sovereign ratings at DBRS, one Fergus McCormick, said
    We are assuming that there will be continued support of most if not all the members of the euro zone indefinitely. Otherwise these credits would be much lower because they're under major pressure.
    "Stabilisation" continues to hang in the balance for Ireland, it seems.



    DBRS keeps Spain, Ireland ratings above key ECB level | Reuters

    Markets: Kerry Group reports profit rise of 13.7% in H1 2012; Providence offerred option adjacent to Barryroe oil field
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  10. #13720
    Dublin 4 Dublin 4 is offline
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    Don't worry whool- Ireland is "banjaxed"



    http://www.ntma.ie/GovernmentBonds/D...utstanding.pdf
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