Brian M. Lucey

Tag: Central Bank

  • Danish Mortgages in Ireland? No thanks

    —

    by

    brianmlucey
    in

    Senator Sean Barrett introduced a bill into the Senate this week to in effect restructure the Irish mortgage market along Danish (aka rational) lines. Stephen Kinsella on IrishEconomy has a post on it where he notes that the Minister nixd the bill on essentially four grounds 1. We are not, nor were we ever, Denmark.…

  • IBEC and IBRC and the IMF

    —

    by

    brianmlucey
    in ,

    This is a version of a column published in the Irish Examiner It must be dangerous to be a bird in Dublin these days. The government that promised transparency has instead adopted a kite-flying approach. The kites pop up, and like modern day Benjamin Franklins the government minister hangs on as it drifts into the…

  • Trying to untangle the kites flying around the Anglo Irish Promissory Note? A guide…

    —

    by

    brianmlucey
    in

    So, the old chestnut (at this stage so old and withered it’s a conker) of floating a bond to replace the anglo Irish bank promissory note has rared its head once again. The report in the times is fair, if the headline is not. the headline is ” 40-year bond could be issued to save State…

  • Does Marc Coleman know what the Fiscal Council DOES? Seems not….

    —

    by

    brianmlucey
    in

    Normally I don’t really worry too much about what right wing polmecists say but when its both full of errors and given a national platform then I think we all need to be concerned. The latest opinion piece by Marc Coleman (ex central banker, ex department of finance official, ex economic editor of the Irish…

  • Tell us, Jean-Claude.. About that letter?

    —

    by

    brianmlucey
    in

    The Public Accounts Committee of the Irish parliament is unique in its committees in that it has the power to compel witnesses to attend. They can sit there and say nothing but at least they must attend. As has been widely presumed, the committee is, it appears, to hold hearings into That Night, when the government decided to…

  • Euro deal saves Ireland? Maybe…

    —

    by

    brianmlucey
    in

    It’s not clear that it does. I’m not sure it’s a seismic (Enda Kenny) or massive (Eamonn Gilmore) deal. And it happened because of Spanish and Italian pressure. So far as we can see at present there are three parts to this. The Spanish banks will be recapped directly from the EFSF and later the…

  • Holding my Nose and voting Yes

    —

    by

    brianmlucey
    in ,

    This is an expanded and linked verison of a column published in the Irish Examiner Saturday 12 may 2012. http://www.irishexaminer.com/business/a-reluctant-yes-voter-for-vital-access-to-funds-193627.html I have decided, very reluctantly, to vote yes in the upcoming referendum on the fiscal compact. I have previous expressed many many doubts, most of which have remained unanswered. The compact is bad economics, it…

  • Euro crisis will require some hard choices to be faced.

    —

    by

    brianmlucey
    in ,

    This is a version of an opinion piece originally published in the Irish Examiner Sat 14 April 2012. See http://www.irishexaminer.com/business/euro-crisis-still-very-much-alive-and-pressing-190499.html. It hasn’t gone away you know? The Euro crisis? Its back, waxing and waning. Italy struggles to raise money at the short end even with significantly increased rates, and there is event talk now of…

  • The €31b question : answered

    —

    by

    brianmlucey
    in

    And the results are in :                         76% of people DO NOT think there will be a meaningful deal on the Prom Notes, 17% DO and 8% dont know what a PromNote is. These may include members of the oireachtas….  

  • the €31b question

    —

    by

    brianmlucey
    in

    So another day and more discussion on will we/wont we get a deal on the Anglo Irish Promissory Notes…. What do you think? Here is a short poll, I will leave it open until 1700h today. I define “meaningful” as a deal that will at the very least allow the state to save €1b or…