With the release of Trichet’s August 2011 letter to Spain, worth noting that his November 2010 letter to Brian Lenihan remains a secret.
The various statements from Michael Noonan and ECB board member Jörg Asmussen raise some very serious questions for Mario Draghi about the OMT programme. Post here.
Ireland’s announcement (a better term than “decision”, I think) that it is exiting the bailout without any precautionary credit line has been greeted as positive news by most commentators. Some sceptical comments here.
Back to blogging again after a rare bit of time off over the summer, here are some comments on the current disagreement between Eamon Gilmore and the Troika about the upcoming Irish budget.
A new post with thoughts on the Irish bank guarantee and link to a new paper on Ireland’s economy.
My reaction to the final agreement on Cyprus including a link to an op-ed I wrote for the Irish Times.
Lots of people I’ve spoken with about the dreaded Anglo promissory notes are mystified at why the Irish government seems willing to replace the notes with a 40-year bond. Isn’t it just replacing one kind of debt with another? Won’t we just end up paying more over the long-run? Here‘s a post where I try to answer these questions. Warning: This is a tricky topic and it’s an unusually wonkish post.
I’ve been very busy lately so I haven’t had much time for blogging. Here is a belated assessment of where Ireland stands after a week in which it became clear that Ireland was “a special case” (even if nobody knows quite what that means).