Irish bank lending to consumers and businesses fell again in January; Domestic private sector bank deposits also down
By Finfacts Team
The Central Bank said today that level of Irish bank lending to consumers and businesses fell again in January and Irish resident private sector bank deposits also dropped 7% on an annual basis.
Loans to households continued to decline during January 2012, and were 3.9% lower on a year-to-year basis, following a decline of 3.8% for the year ending December 2011. Lending for house purchase was 2.4% lower on an annual basis in January 2012, while lending for consumption and other purposes declined by 8.2% over the same period.
Lending to households declined by €690m during the month of January, based on underlying transactions, following a net monthly flow of minus €65m in December
full article at source: http://www.finfacts.ie/irishfinancenews/article_1024011.shtml
In this episode, Max Keiser and co-host, Stacy Herbert, discuss market participating rally monkeys, market regulating surrender monkeys, economic policy making suicide monkeys and Greek ministry website hacking cheeky monkeys. In the second half of the show……..
This morning has seen the publication of the CSO residential property price indices for Ireland for January 2012. Here’s the summary showing the indices at their peak (various months in 2007 depending on type of property and location), the NAMA valuation date (November 2009), annual (December 2011), last month (December 2011) and January 2012
Now that the Permanent TSB/ESRI has abandoned its quarterly house price index, the CSO’s isIreland’s premier index for mortgage-based transactions. It analyses mortgage transactions at eight financial institutions : Allied Irish Banks, Bank of Ireland, ICS Building Society (part of the Bank ofIrelandgroup), the Educational Building Society, Permanent TSB, Belgian-owned KBC, Danish-owned National Irish Bank and Irish Nationwide Building Society.
full article at source: http://namawinelake.wordpress.com/
Dear Mrs Childers,
Just heard you on east coast radio
As a person who voted for you,
I wish to congratulate you on your stand to keep your independence and also confirm my support you on you stand against the promotion of MR. Cardiff
(see also link )http://www.irishtimes.com/newspaper/ireland/2011/1104/1224307039645.html?via=rel
and you departure from the labour grouping as the intolerable pressure that was put on you to support this corrupt promotion. You are representing the people who voted you into this position of thrust .The people of Ireland have placed their faith in you and your promise that you would stand up for their interests. You are a credit to the Name of Childers and may God bless you .The ordinary people thrust in you and support you please keep fighting for the good cause, the cause of the ordinary people of Ireland.
“German consumer confidence has increased again, its sixth rise on the bounce. The country’s GfK index has increased to 6.0, its highest level since March 2011, as households said they felt significantly more positive about the prospect for their incomes”.
What is been concealed to the German public is the fact this bailout for Ireland is in fact a bailout of the corrupt German Banks who lent vast sums of money to equally corrupt “Private Irish Banks”. The failure of the Deutsche Bank to carry out “due diligence” before powering billions into the various corrupt Irish banks is in itself a gross dereliction of duty to the German public who have trusted them to look after their pension funds .The greatest con job that has been carried out is the placement of these private commercial German Bank debts on to the shoulders of the Irish taxpayers .Effectively placing private gambling commercial debts and socializing them by forcing the taxpayers of Ireland to take responsibility for them. These deutsche Bank debts are not the responsibility of the Irish taxpayers.
As a result of this successful fraud on the Irish public the bondholders have incurred vast profits using CFD,s and other unregulated derivative tools . .No wonder Germany is booming when you can force other people to pay off your gambling debts and strip the assets of that country at the same time you are in a win win situation! Our gutless and traitorous politicians that are now in government have sold out their own people to a generation of debt enslavement and I am counting the days when we the Irish stand up and take back our country from these mouthpieces of the new absentee landlords. We are now serfs in our own country, the last time this happened Oliver Cromwell was in town with his men ,now it’s the Troika!
See also link http://www.internationalviewpoint.org/spip.php?article2267
Wake up Ireland!
It’s pay day for Ireland, as the International Monetary Fund has approved a $4.33bn loan to the Celtic-tiger-turned-pauper – the latest instalment in a three-year $30.23bn programme to support the country through a period of tough financial reforms.
Ireland seems to have behaved itself well enough to receive its pocket money, according to IMF first deputy managing director David Lipton. He says:
The Irish authorities have continued strong implementation of their programme despite deteriorating external conditions.
At the same time, the challenges Ireland faces have intensified since the outset of the programme, with growth expected to ease to about 0.5% in 2012 owing to a slowing in trading partner activity.
The Irish authorities have responded by raising the fiscal consolidation effort adopted in Budget 2012, and the budget remains on track to meet an unchanged general government deficit target of 8.6% of GDP. If growth should weaken further, the automatic stabilisers should be allowed to operate to help avoid jeopardizing the fragile recovery.
full article at source: http://www.guardian.co.uk/business/2012/feb/28/eurozone-crisis-greek-downgrade?newsfeed=true.