Tag: noonan
-
Do we really need credit side intervention in the irish housing market?
So the government plans to help new homebuyers to get houses. This will be done by the state guaranteeing mortgages of up to 95% LTV for first time buyers. Riiight… Lets see how expensive or cheap houses really are in the long term perspective… (note – this data is quite dirty on the house price…
-
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…
-
What will be the Feta Greek-Irish economic relations…..
So Michael Noonan, our finance minister, apparently is unconcerned about Greek exit from the Euro, joking last week at an investment conference that we didn’t actually import anything from Greece much, apart from Feta Cheese. So that’s ok so…. I suppose the analogy of the Greek economy with a crumbly animal byproduct that is an…