Tag: Anglo Irish Bank
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On Burning Bondholders and Constitutional Politics
So : we know now that Ireland was indeed threatened. But a bigger issue seems to lurk , but this may be just my ignorance
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Politicians – Misled or Misleading on Anglo.
We don’t have to pay a cent to the Anglo junior debtholders but we probably will. Below I walk through why the Government are either misled or misleading and opine on how we can avoid payment. We have a legal template, which could be tabled. FF should continue to drink its tall glass of STFU on…
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Ghosts of Anglo’s Past
If Irish water is the Omnishambles of 2014 then Anglo Irish bank is likely to be the omnishambles of the first several decades of this millennium. Like some banking Chernobyl poorly encased in an ill designed hastily erected carapace it continues to leak its toxicity poisoning all around it. Anglo let us not forget was…
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A Fractal Omnishambles and the ECB
It’s little wonder that the Irish government has not pressed harder against the European central banks approach to the Irish banking crisis. The reality seems to be that both are very similar, in at least one key characteristic. Both seem unable to accept that a mistake, once made, should be acknowledged as such, and that…
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What Ireland’s crash tells us about bankers views on Scottish Independence
The next week is going to be fascinating. I have no idea how Scotland will vote, for or against independence. I have no idea how I would vote were I there. Economically, there is probably a somewhat stronger argument for NO than YES, if you believe the politicians promises. But national self determination is not…
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How to mitigate the next recession..
The madness, it seems, has returned. Perhaps like those insects that lay eggs that can survive drought and then swarm back, it never left, just lay dormant. Santayana’s maxim of the inevitability of repetition if one comes from a position of ignorance could be the warcry of Irish policy “ we repeat our mistakes, and…
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Does An Irish Solution loom for European Banks (one way or the other) ?
This is a version of my column in the Irish Examiner of 25 Jan 2014 .Europe’s banks are broken. Very broken. We have always suspected that, but recent evidence in indications suggest that nearly six after the crisis first began to manifest itself seriously they are still grossly impaired. The drive towards meaningful banking union…
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100 things Ireland could have got for the price of one Anglo Irish Bank…
With the #anglotapes this week it seemed to me a good time to recall those heady days of August 2010 when we had spent only 25b on Anglo. At that time Ronan Lyons and I penned this little piece in the Sunday Business Post… This week, it was announced that the EU had approved a…