Tag: IMF
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Plan B needed, times three, for the dangers ahead
This is an extended and linked version of an Irish Examiner oped published 24 November 2012 Irish governments over the years , and especially in the last few, have not exactly shown themselves to be shining examples when it comes to contingency planning. Time and again we have seen plans advanced which when they fall…
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short term multipliers…what the government is doing
With all the broughahah about the real level of fiscal multipliers, one might imagine that the Irish government, with the ESRI, central bank, and dept of finance at its disposal, not to mention lots of academics who would do it if asked, would be working to establish urgently what the real situation is for Ireland.…
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IBEC and IBRC and the IMF
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…
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Euro deal saves Ireland? Maybe…
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…
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How much money will spain actually need?
As I write there are suggestions that spain will seek a banking only assistance of some €100b. Is that going to be enough? Look at the following graphs… Bear in mind a) Ireland is approx 1/8 the size of spain b) Ireland has to date spent €63b on its banking bailout. Spanish Private Sector growth…
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Europe needs leadership but from where?
This is an expanded and updated version of a column published in the Irish Examiner With the passing of the fiscal compact the government now find themselves in a position t once easy and difficult. It is easy in that the parameters of fiscal policy for the next number of years are set out, if…