The Governor of the Central Bank, Professor Patrick Honohan, delivered a speech to the Limerick Law Society in the University of Limerick this evening. Both the speech and some accompanying slides are available.
Category: Banking Crisis
Fabian Bornhorst and Ireland-expert Ashoka Mody have a good piece here.
Financial Regulator, Matthew Elderfield made a speech yesterday to the Harvard Business School Alumni Club of Ireland. The speech dealt with several aspects of the ongoing mortgage crisis and can be read here (pdf here).
Two extracts worth considering are below the fold but there are lots of interesting elements to the speech.
Here‘s a link to an interesting report by Karl Deeter and Frank Quinn on the current state of the Irish residential property market, using data from MyHome.ie and the Allsop\Space auctions.
RTE’s Nine O’Clock news are reporting Enda Kenny as explaining that promissory note negotiations are totally separate from the question of will the Irish people vote for the Fiscal Compact Treaty and that the Irish people will not bribed to vote for the Treaty.
RTE also noted that the latest Council meeting was “dominated by jobs and growth” which sounds like great news. And, best of all, reporter Tony Connelly helpfully explained that it was now felt that asking for a better deal on promissory notes was actually a bad idea because it would send a bad signal to financial markets that we were not able to cope with our debt burden and that there was no way this issue would be dealt with any time before the summer.
Ok, so be it. But I suspect that “the Irish people won’t be bribed” may prove to be the worst referendum slogan in history.