Irlanda...a che punto siamo?

[Tweener]

A che punto siamo con la ripresa della Repubblica d'Irlanda, trainata "dall'ottimismo che si respira a Dublino"?

[Illuminato10]

Salvataggi bancari sempre più costosi, ma PIL ripartito.
Per qualcuno visto che il PIL va, everything is ok

[MaxPayne81]

Dovrebbe essere ripartito l'ottimismo...vediamo un po' se questa settimana i bond torneranno a salire

[skymap]

Related News:Economy · U.K. & Ireland .Honohan Says Irish Government Must Cut Deficit at Faster Pace

By Louisa Fahy and Joe Brennan - Sep 20, 2010 1:09 PM GMT+0200


Irish central bank governor Patrick Honohan said the government needs to cut the budget deficit at a faster pace as the perceived riskiness of the country’s bonds rose to a record.

“Some explicit reprogramming of the budgetary profile for the coming years is clearly necessary soon,” Honohan said in a speech in Dublin today. He said he expects “more clarity” and “detail” on the government’s budget plans.

Ireland is struggling to convince investors that it can shore up the banking system after Standard & Poor’s downgraded the country’s credit rating on concern that the cost of the bailout is rising. Finance Minister Brian Lenihan said this month there’s scope to reduce spending by more than the 3 billion euros ($3.9 billion) forecast in this year’s budget.

The extra yield that investors demand to hold 10-year Irish government bonds over German bunds rose to 391 points today, the highest since Ireland joined the euro in 1999. Contracts insuring against an Irish default rose to a record 427.5 basis points, according to data-provider CMA.Lenihan told reporters in Dublin he’s “concerned” about bond spreads.

Ireland is scheduled to sell between 1 billion euros and 1.5 billion euros of four-and eight year bonds tomorrow.

Honohan, a member of the European Central Bank’s Governing Council, said he expects “reprogramming” of the budget beyond 2011 to be “convincing.” He also said that costs related to Ireland’s banking crisis remain “manageable.”

Narrow Range

Investors are selling Irish bonds partly on concern about the cost of rescuing Anglo Irish Bank Corp., which was nationalized last year. Standard & Poor’s said in August Ireland may have to inject as much as 35 billion euros “over time.” The government has already injected 22.9 billion euros.

An upcoming assessment of Anglo Irish’s rescue, including both base capital and stress calculations, will help “narrow the range” of the estimated burden the banking system will place on the country’s finances, Honohan said.

“Recognizing that losses may exceed the base assessment over time, by setting out a stress case, we aim to provide as much certainty as is reasonably possible as to the potential exposure presented by Anglo under a severe hypothetical stress scenario in the runoff of its book,” Honohan said. The total Anglo cost will be less than the numbers “touted around,” he said.

Ireland has been cutting public salaries as part of an austerity drive aimed at narrowing its deficit to 3 percent of gross domestic product by 2014. Lenihan said in a newspaper interview published yesterday that Ireland won’t need European Union aid.

The European Commission said today it sees no evidence that Ireland is veering from its target of cutting the deficit below 3 percent in four years.

[ramirez]

questa è la notizia. Seguono le riflessioni.
.
Ireland's four- and eight-year sovereign bond auctions saw strong demand, pushing the euro higher versus the dollar.

Yields rose compared with previous tenders, but were in line with market expectations.

Ireland sold 500 million euros ($675 million) worth of four-year bonds at an average yield of 4.767 percent and received 2.54 billion euros in bids.

It sold 1 billion euros in eight-year bonds, at an average yield of 6.023 percent, and received bids worth 2.93 billion euros.

Ireland achieved a yield of 5.088 percent in June when it last sold eight-year debt, and 3.11 percent for four-year bonds in May.

.
Mi piacerebbe sapere chi ha acquistato queste emissioni. Mi spiego.
Ci sono Paesi (o meglio Banche di certi Paesi) che sono
molto esposte verso l'Irlanda (si parla di N volte l'esposizione greca)
Potevano queste banche permettersi di sopportare un'eventuale
crisi derivante da insufficiente domanda per i titoli irlandesi ?
Ovvio che no. E allora non è che OBTORTO COLLO
li hanno acquistati loro ?

[superlep]

Originalmente inviato da ramirez

questa è la notizia. Seguono le riflessioni.
.
Ireland's four- and eight-year sovereign bond auctions saw strong demand, pushing the euro higher versus the dollar.

Yields rose compared with previous tenders, but were in line with market expectations.

Ireland sold 500 million euros ($675 million) worth of four-year bonds at an average yield of 4.767 percent and received 2.54 billion euros in bids.

It sold 1 billion euros in eight-year bonds, at an average yield of 6.023 percent, and received bids worth 2.93 billion euros.

Ireland achieved a yield of 5.088 percent in June when it last sold eight-year debt, and 3.11 percent for four-year bonds in May.

.
Mi piacerebbe sapere chi ha acquistato queste emissioni. Mi spiego.
Ci sono Paesi (o meglio Banche di certi Paesi) che sono
molto esposte verso l'Irlanda (si parla di N volte l'esposizione greca)
Potevano queste banche permettersi di sopportare un'eventuale
crisi derivante da insufficiente domanda per i titoli irlandesi ?
Ovvio che no. E allora non è che OBTORTO COLLO
li hanno acquistati loro ?

pero' che bravo che sei.....
e secondo te perche' le aste non vanno MAI deserte?

c'e l'hanno nel pancione tutti gli istituti di credito maggiormente esposti, sarà carino capire come riusciranno a smaltirla questa immensa monnezza

[Cicciopaccio]

Ma non hanno fatto gli stress test?

[skymap]

Gli stress test sono stati fatti alle banche, lì si parla di stato.

[superlep]

Originalmente inviato da Cicciopaccio

Ma non hanno fatto gli stress test?

mi sembra o la maggior parte degli analisti ha detto che questi stress test erano una cagata?

[marco1980]

Originalmente inviato da Tweener

A che punto siamo con la ripresa della Repubblica d'Irlanda, trainata "dall'ottimismo che si respira a Dublino"?

l'irlanda è una nazioni di allevatori, pescatori ed agricoltori di patate....è così povera che per la propria difesa aerea non ha nemmeno un caccia intercettore......

così è, così sarà per sempre....

hanno voluto imitare la Gran Bretagna....niente di piu' sbagliato....