Have you ever noticed that when politicians or economists want the Central Bank to become involved in the housing/mortgage market they call on them to “intervene” but when they don’t want the bank to become involved they warn them not to “interfere”!
Wed, 25 May, 2016
China’s central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months yesterday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves around the globe.
Wed, 26 Aug, 2015
JUST as the details of our ECB bail out — or as it was so very delicately termed, “a facility” — were until recently almost as remote as the details of the third secret of Fatima, the minutae of what is being offered to the people Greece, or what is being rejected by their government, are not entirely clear.
Tue, 30 Jun, 2015
German finance minister Wolfgang Schauble said yesterday the Greek government’s optimism about clinching a cash-for-reforms deal with its lenders within days was not backed up by negotiations and he could not rule out Greece becoming insolvent.
Fri, 22 May, 2015
Greek prime minister Alexis Tsipras yesterday said he was “firmly optimistic” his government would reach a deal with foreign creditors by the end of April despite friction over issues such as pension and labour reform.
Fri, 17 Apr, 2015
Russian Tu-95 bombers with a nuclear weapons payload flying along the Irish coastline should be a wake-up call that “neutral” Ireland is seen by Russia as a de facto member of Nato. EU leaders attend Nato meetings and, by EU membership, Ireland is no longer seen as a neutral country.
Mon, 02 Mar, 2015