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Thread: IMF Report on Irish Banks - Achtung!!!! Achtung!!!!

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    Politics.ie Member Dublin 4's Avatar
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    Default IMF Report on Irish Banks - Achtung!!!! Achtung!!!!

    * Today's releases of the horror flicks starring Irish financial sector are up and running, folks.
    True Economics: 15/3/2013: IMF Assessment of the Euro Area Banking Sector Risks - part 1

    "NPLs in EU banks continue to rise, outpacing loan growth (Figure 4). Since 2007, loans to the economy have decreased by 3 percent while NPLs increased by almost 150 percent, i.e., €308 billion in absolute terms. And, this trend shows no sign of reversal, reflecting the continued macro deterioration in parts of the EU and the absence of restructuring."


    True Economics: 15/3/2013: IMF Assessment of the Euro Area Banking Sector Risks - part 2

    Let's start with a fascinating chart showing the sources of financing for the real economy in the EU compared to the US:


    True Economics: 15/3/2013: IMF Assessment of the Euro Area Banking Sector Risks - part 3

    So here you go, folks, per IMF, there's an ambulance to help the injured, but currently it exists only on the paper and even as such it is still pretty much unworkable. Good luck with setting up that triage, mates.
    True Economics: 15/3/2013: IMF Assessment of the Euro Area Banking Sector Risks - part 4

    Can Enda's new 5 point plan save the Banks or is Peter M on the dough re the €60 Bee recap?

    Can the Govt undo the damage or is the ship sinking?

    As you can see from the top 2 Graphs Ireland is heavily dependent on Deposits from Overleved Banks.

    Klaus Regling recently claimed that there would be problems for future Bank Bailouts from the ESM.

    Where is Ireland headed from here?


    * Data courtesy of Constantin Gurdgiev
    (NPL = Non Performing Loans)
    Last edited by Dublin 4; 20th March 2013 at 06:51 PM.

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    Politics.ie Member LamportsEdge's Avatar
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    We have coined the turner.
    Whenever understanding exists, accepting or rejecting is unnecessary. (Fundamentals of a Gnostic Education).

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    Politics.ie Member greengoose2's Avatar
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    Quote Originally Posted by LamportsEdge View Post
    We have coined the turner.
    Yeah, but someone upset the apple tart!

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    Politics.ie Member LamportsEdge's Avatar
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    We are in a place now so surreal economically that we may have to appeal to the International Red Cross for emergency supplies of metaphor.
    Whenever understanding exists, accepting or rejecting is unnecessary. (Fundamentals of a Gnostic Education).

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    Politics.ie Member Dublin 4's Avatar
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    This thread will be getting moved back once Sync is happy with the OP that I've edited.

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    Politics.ie Member Dublin 4's Avatar
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    Latest on Irish Banks...

    Irish bank customers will never be taxed on their savings the way Cypriot depositors were targeted in the struggling country's bailout terms, the Government has insisted.


    Savers reassured over bank deposits - Independent.ie

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    Politics.ie Member ger12's Avatar
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    Quote Originally Posted by Dublin 4 View Post
    True Economics: 15/3/2013: IMF Assessment of the Euro Area Banking Sector Risks - part 1





    True Economics: 15/3/2013: IMF Assessment of the Euro Area Banking Sector Risks - part 2





    True Economics: 15/3/2013: IMF Assessment of the Euro Area Banking Sector Risks - part 3



    True Economics: 15/3/2013: IMF Assessment of the Euro Area Banking Sector Risks - part 4

    Can Enda's new 5 point plan save the Banks or is Peter M on the dough re the €60 Bee recap?

    Can the Govt undo the damage or is the ship sinking?

    As you can see from the top 2 Graphs Ireland is heavily dependent on Deposits from Overleved Banks.

    Klaus Regling recently claimed that there would be problems for future Bank Bailouts from the ESM.

    Where is Ireland headed from here?


    * Data courtesy of Constantin Gurdgiev
    (NPL = Non Performing Loans)
    What does all this mean D4, in plain SIMPLE language (two sentences max) ?
    At 12 weeks the “clump of cells” toes curl, her mouth makes sucking movements, she has a human face and if you prod the tummy she will move in response

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    Politics.ie Member commonman's Avatar
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    We are still fuccked that is what it means.

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    Politics.ie Member
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    Quote Originally Posted by Dublin 4 View Post

    Our savings are safe as houses. The government has given its word. They would never go back on a promise...

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    Politics.ie Member clearmurk's Avatar
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    Quote Originally Posted by Dublin 4 View Post
    Latest on Irish Banks...
    Ahem....hasn't the Irish pension saver already been burned.....

    Pension Fund Levy Q & A - Department of Finance - Government of Ireland

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