Lorenzo Bini Smaghi: Ireland’s Taxpayers Must Share the Pain

LBS writes in the FT : article is here.

Richard Portes: The Case for an Irish Default

Richard Portes writes on this topic at the WSJ: the article is here.

Sovereign Debt and Recovery Locks

FT Alphaville has an interesting article on this type of product: you can read it here.

Lehigh University conference on the Irish Economy

Lehigh University organised a conference on the Irish economy last week: the presentations are here.

Nominal GDP in the European Periphery

The graph below shows projected nominal GDP for the European periphery (plus Germany as a benchmark) over 2007 to 2016, based on the IMF’s new World Economic Outlook database. (Indexed to 2007=100.) It shows that Ireland is projected to return to its 2007 nominal GDP in 2016. While Ireland is projected to be the fastest-growing economy between 2010 and 2016, its initial decline between 2007 and 2010 is far greater than in the rest of the periphery.