Category: Uncategorized

Public acceptance of bailouts

I understand the (party) political reasons which are prompting the government to seek a bailout that will be labelled a bailout for our banks, rather than for the State.

But I have a question. Which do people think the man on the Irish equivalent of the Clapham omnibus (the 46A?) is more likely to accept: An IMF-approved austerity programme whose stated aim is to help the State pay back the largely foreign creditors of Irish banks? Or an IMF-approved austerity programme whose stated aim is to make sure that the State is in a position to keep our schools, health care system and social welfare programmes running?

Ireland’s Last Big Bank Failure: Any Lessons for Today?

The next seminar hosted by the Centre for Financial Markets (CFM) will take place tomorrow Thursday November 18 between 2-3pm at the Smurfit School of Business, Carysfort Avenue, UCD. The venue for the paper is Room N304.

The paper is to be given by Cormac O’ Grada (UCD)
Ireland’s Last Big Bank Failure: Any Lessons for Today?

This paper is being presented in association with the Science  Foundation Ireland (SFI) Strategic Research Cluster (SRC) in the area of Financial Mathematics and Computation.

Final Report of the Mortgage and Personal Debt Group

the report is here.

Ireland: The Texas of Europe?

Paul Krugman also points out the merits of deeper integration here.

Blog Comments: Reminders

This blog has a good reputation for high-quality, relevant comments.   I remind commentators to refrain from ad hominen comments and request that the focus remains on the substance of the economic arguments. There is plenty of material to debate, without having to dwell on the integrity or intelligence of other contributors. The avoidance of crude language also appreciated  – remember, many tender-aged children and genteel folks read this blog!