Daily Archives: June 13, 2012

Poll booth truth, what happened!

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Howlin lauds sham cost savings in Croke Park public service agreement

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By Michael Hennigan of Finfacts Irish Economy 2012: The Minister for Public Expenditure and Reform, Brendan Howlin TD, today welcomed the publication by the Implementation Body for the Public Service Agreement 2010-2014 (‘Croke Park Agreement’) of its Second Annual Progress Report. He claims … Continue reading →

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who or what is the sheriff

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How tiny Finland could bring euro crisis to end

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By Matthew Lynn LONDON (MarketWatch) — The most pressing question about the euro crisis is also the hardest one for anyone to answer. It is easy to analyze why the single currency has gone so badly off the rails, pick … Continue reading →

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“Helping those in need”

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We have no leverage and we are now faced with the realisation we have a bunch of wimps and puppet’s running our country

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Less than two weeks after the so called stability treaty in Ireland was passed by no less that 30% of the eligible voters, we now find out that we are indeed at the bottom of the barrel when it comes to getting a … Continue reading →

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ESM / EFSF : building a bypass to nowhere

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by Dr. Constantin Gurdgiev Estimates for banking sector needs of Spain alone are running on average around €250 billion, with some sovereign supports, this rises to €370-470 billion. This will more than top the €700 billion hypothetical capacity of EFSF/ESM … Continue reading →

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Necessary But Not Sufficient ( Spanish bank bailout)

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John Mauldin | June 11, 2012 We woke up this weekend to a €100 billion “rescue” of Spanish banks, and the initial reaction of the market was relief. But did we not just see this movie, but with Greek subtitles rather … Continue reading →