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Thread: FT : Irelandís banks brace for debt settlement

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    Politics.ie Member Dreaded_Estate's Avatar
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    Default FT : Irelandís banks brace for debt settlement

    Front page of the FT again today



    Eurozone test over Ä25bn repayment

    Irish banks are gearing up to repay more than Ä25bn of debt in the coming month, in what could prove an important test of investor sentiment towards the broader eurozone financial sector.

    Bond markets will begin to re-open in Europe this week after the summer hiatus. The Irish redemptions have prompted concern over whether a slew of bonds from the country, to refinance the maturing debt, could weigh on the wider market and affect investor appetite for other bank borrowing.
    But increasing concerns about the health of Irelandís economy have raised the premium it pays over benchmark German borrowing costs to record levels, which will push up the price the countryís banks must pay to refinance their debt.

    ďThere is a concern that thereís a lot of need to issue by Irish and Spanish banks this month [September], and when they do come to the market, what price they will have to pay,Ē said Rohith Chandra Rajan, an analyst at Barclays Capital.
    And more..
    Ireland seeks to wean banks off state guarantee


    Adding further to Fridays FT editorial calling for senior bondholders to share some of the losses

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    Politics.ie Member rockofcashel's Avatar
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    Nah, no problem, we've loads of money.. we turned the corner don't ya know
    1,197 people agree with me.. how many agree with you ?

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    Politics.ie Member hellsbells's Avatar
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    Quote Originally Posted by rockofcashel View Post
    Nah, no problem, we've loads of money.. we turned the corner don't ya know
    Ya ! amen corner
    Einstein, disguised as Robin Hood,With his memories in a trunk
    Passed this way an hour ago,With his friend, a jealous monk

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    Quote Originally Posted by rockofcashel View Post
    Nah, no problem, we've loads of money.. we turned the corner don't ya know
    If you turn 4 corners one after another, doesn't that leave right back wher you started?
    ďA healthy social life is found only, when in the mirror of each soul the whole community finds its reflection, and when in the whole community the virtue of each one is livingĒ R. Steiner

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    Politics.ie Member eoghanacht's Avatar
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    Is this a bit like Lisbon II, vote yes for jobs.

    Or in this case

    Pay up or you'll never be able to borrow from the markets again.

    Still wating on those jobs BTW
    Britain operated death squads - ''97% of the Loyalists I interviewed were working directly for the State.'' - Nuala O'Loan. #FreeAhedTamimi

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    Politics.ie Member hellsbells's Avatar
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    Quote Originally Posted by yehbut_nobut View Post
    If you turn 4 corners one after another, doesn't that leave right back wher you started?
    Not on planet bertie
    Einstein, disguised as Robin Hood,With his memories in a trunk
    Passed this way an hour ago,With his friend, a jealous monk

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    The ECB will stump up, as the 25 billion is probably owed to German, French and British Banks and saving them through lending to us at a premium, is EU policy.

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    I really don't understand those figures. How can they be right? Expenditure of 4700 on liabilities of 284k for him and expenses for her of 5700 on liabilities of 260k?

    Those are decent enough incomes, which could normally easily service those debts. Wtf is happening here?

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    Politics.ie Member hammer's Avatar
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    No idea. That is why I posted it. It would seem easy enough to turn it around without going down such a route.

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