Obbligazioni bancarie IRLANDA - Banche e titoli di stato irlandesi
- Creatore Discussione zerbis
- Data di Inizio
Imark
Forumer storico
Mah, vedo solo OTC e bond in NOK, a meno che non si parli di banche norvegesi, e non di Kingdom of Norway...
tommy271
Forumer storico
Le banche lasciamole stare ... solo Kingdom of Norway.
Ma mi pare che su Tlx e Mot non c'è niente. Peccato.
Imark
Forumer storico
Ciao, secondo me l'Irlanda è ancora non poco sopravvalutata ... stanno facendo molto per le loro banche, ma non sono sicuro che sia abbastanza... e se facessero di più, si metterebbero a rischio anche loro...
E' anche vero che sfarfalleggiano assai meno dei greci, visto che la loro medicina di taglia alla spesa pubblica e contestuale robusto incremento delle tasse l'hanno presa senza battere ciglio...
troppidebiti
Forumer storico
uk
Huge public spending puts burden on the government in the form of public debt. Darling said, net debt will reach 56% of GDP this year. It will then increase to 65% next year and to 78% by the end of the forecast period in 2014-15. He added that net debt will begin to fall the year after that. Even at its peak, debt will be in line with the average for the other G7 economies, Darling asserted.
Due to the severity of recession in the UK, the Chancellor revised his forecast for public sector net borrowing to GBP 178 billion from GBP 175 billion revealed in the Budget in April. He forecasts GBP 176 billion net borrowing next year.
irlanda
OPTIMISM
Lenihan's forecasts were slightly more optimistic, saying unemployment would prove lower than earlier forecast, the deficit would fall next year to 11.6 percent and the economy would shrink only 1.25 percent in 2010. Earlier he had forecast a 1.5 percent contraction.
"Our plan is working, we have turned the corner," Lenihan said. "The effort demanded of every citizen in this Budget is substantial, but it is the last big push of this crisis."
The finance ministry also said its funding needs for next year would fall to below 20 billion euros from 35 billion this year, good news for bond markets who have punished smaller euro zone states this week after a debt ratings downgrade for Greece.
appiccico qui non me lo cancellate
Huge public spending puts burden on the government in the form of public debt. Darling said, net debt will reach 56% of GDP this year. It will then increase to 65% next year and to 78% by the end of the forecast period in 2014-15. He added that net debt will begin to fall the year after that. Even at its peak, debt will be in line with the average for the other G7 economies, Darling asserted.
Due to the severity of recession in the UK, the Chancellor revised his forecast for public sector net borrowing to GBP 178 billion from GBP 175 billion revealed in the Budget in April. He forecasts GBP 176 billion net borrowing next year.
irlanda
OPTIMISM
Lenihan's forecasts were slightly more optimistic, saying unemployment would prove lower than earlier forecast, the deficit would fall next year to 11.6 percent and the economy would shrink only 1.25 percent in 2010. Earlier he had forecast a 1.5 percent contraction.
"Our plan is working, we have turned the corner," Lenihan said. "The effort demanded of every citizen in this Budget is substantial, but it is the last big push of this crisis."
The finance ministry also said its funding needs for next year would fall to below 20 billion euros from 35 billion this year, good news for bond markets who have punished smaller euro zone states this week after a debt ratings downgrade for Greece.
appiccico qui non me lo cancellate
Imark
Forumer storico
Finanziaria lacrime e sangue per gli irlandesi: tagli alle paghe del pubblico impiego fra il 5% ed il 15%, con il primo ministro che taglia i suoi emolumenti del 20%. Poi arrivano nuove tasse e tagli alla sanità ed al welfare...
Ireland unveils record euro4 billion ($6 billion) budget cut, slashes salaries, taxes fuels
By: SHAWN POGATCHNIK
Associated Press
12/09/09 1:24 PM EST DUBLIN — Ireland slashed pay for state workers, cut welfare benefits and imposed new environmental taxes on fuel Wednesday as it unveiled a record euro4 billion ($6 billion) in budget cuts to combat a runaway deficit.
Finance Minister Brian Lenihan said about 400,000 state workers — a fifth of the country's work force — would suffer pay cuts ranging from 5 percent to 15 percent and Prime Minister Brian Cowen will cut his salary a full 20 percent.
The plan — Ireland's biggest budget cut in history — aims to save more than euro1 billion ($1.47 billion) in salary cuts alone next year.
"By taking the difficult but necessary measures now, we will rebuild our nation's self-confidence here at home and our reputation abroad," Lenihan said.
Lenihan said the drastic measures were needed to put a dent in a deficit projected to top euro22 billion ($32 billion) this year, to restore Ireland's lost competitiveness as a base for foreign investment in the 16-nation euro currency zone and to stop a rise in unemployment that has reached 12.5 percent.
"Our prices are still among the highest in Europe. Over the last decade, wages have gone up 70 percent, well above the euro-area average. Put simply, we have priced ourselves out of the market," he told lawmakers. "We will not be able to stem the hemorrhage of jobs until our prices and the costs of doing business here move down in line with those of our main trading partners."
The finance chief also unveiled euro760 million ($1.1 billion) in annual cuts for Ireland's relatively generous welfare system, while the struggling health service also suffered a euro400 million ($588 million) cut in services.
He also unveiled a new regime of "carbon taxes" on various fuels to generate an additional euro500 million ($735 million) annually. The new taxes will immediately raise the price of all fossil fuels, including gasoline, diesel, coal and even Ireland's bog-cut turf bricks, a major source for generating electricity here.
"Changing behavior takes time, but a start has to be made," he said.
Lenihan sought to offer one boost to public morale by cutting taxes on beer, wine and liquor. Ireland has the highest rate of alcohol consumption among major European nations, and sales in pubs and liquor stores represent an exceptionally high percentage of its economic activity.
He warned pub owners to cut their prices on pints of stout and whiskey shots, or suffer the consequences of renewed higher taxes.
"I expect the drinks industry to play its part in making the cost of alcohol more competitive. If I find this reduction has not been passed on to the consumer, I will reverse today's reduction," he said.
Lenihan said he would restore Ireland's national sales tax to 21 percent, starting Jan. 1. Earlier this year he raised it to 21.5 percent, a move that spurred increased cross-border shopping in the cheaper British territory of Northern Ireland.
Labor unions representing civil servants and public workers, including nurses and police, warned they could strike in protest at the pay cuts and lost benefits. These cuts come on top of hikes in income tax imposed earlier this year that have left many struggling to pay their mortgages on devalued homes.
But economists and business leaders agreed the government had no choice but to slash spending immediately because of a deficit projected to grow to a staggering 13 percent of gross domestic product next year.
Ireland and Greece are the worst offenders in the euro zone, which requires members to keep deficit spending to 3 percent of GDP.
If Ireland fails to mount a credible counterattack to its deficit, it may be forced to pay higher interest rates on its debt obligations to foreign bondholders, making a bad situation even worse.
Reflecting foreign fears of potential Irish debt defaults, the interest rates on Irish bonds rose Wednesday to a six-month high versus the European benchmark rates on German debt.
Ireland enjoyed Europe's longest sustained growth from 1994 to 2007 amid unprecedented investment by foreign high-tech firms seeking a low-tax base in the European Union.
But Ireland's Celtic Tiger boom collapsed amid the global credit crisis, which exposed Ireland's reckless reliance on foreign lending and property speculation to fuel spending. International manufacturers based here increasingly are shifting production to Eastern Europe and Asia, citing Ireland's excessive labor and utilities costs.
Ireland unveils record euro4 billion ($6 billion) budget cut, slashes salaries, taxes fuels
By: SHAWN POGATCHNIK
Associated Press
12/09/09 1:24 PM EST DUBLIN — Ireland slashed pay for state workers, cut welfare benefits and imposed new environmental taxes on fuel Wednesday as it unveiled a record euro4 billion ($6 billion) in budget cuts to combat a runaway deficit.
Finance Minister Brian Lenihan said about 400,000 state workers — a fifth of the country's work force — would suffer pay cuts ranging from 5 percent to 15 percent and Prime Minister Brian Cowen will cut his salary a full 20 percent.
The plan — Ireland's biggest budget cut in history — aims to save more than euro1 billion ($1.47 billion) in salary cuts alone next year.
"By taking the difficult but necessary measures now, we will rebuild our nation's self-confidence here at home and our reputation abroad," Lenihan said.
Lenihan said the drastic measures were needed to put a dent in a deficit projected to top euro22 billion ($32 billion) this year, to restore Ireland's lost competitiveness as a base for foreign investment in the 16-nation euro currency zone and to stop a rise in unemployment that has reached 12.5 percent.
"Our prices are still among the highest in Europe. Over the last decade, wages have gone up 70 percent, well above the euro-area average. Put simply, we have priced ourselves out of the market," he told lawmakers. "We will not be able to stem the hemorrhage of jobs until our prices and the costs of doing business here move down in line with those of our main trading partners."
The finance chief also unveiled euro760 million ($1.1 billion) in annual cuts for Ireland's relatively generous welfare system, while the struggling health service also suffered a euro400 million ($588 million) cut in services.
He also unveiled a new regime of "carbon taxes" on various fuels to generate an additional euro500 million ($735 million) annually. The new taxes will immediately raise the price of all fossil fuels, including gasoline, diesel, coal and even Ireland's bog-cut turf bricks, a major source for generating electricity here.
"Changing behavior takes time, but a start has to be made," he said.
Lenihan sought to offer one boost to public morale by cutting taxes on beer, wine and liquor. Ireland has the highest rate of alcohol consumption among major European nations, and sales in pubs and liquor stores represent an exceptionally high percentage of its economic activity.
He warned pub owners to cut their prices on pints of stout and whiskey shots, or suffer the consequences of renewed higher taxes.
"I expect the drinks industry to play its part in making the cost of alcohol more competitive. If I find this reduction has not been passed on to the consumer, I will reverse today's reduction," he said.
Lenihan said he would restore Ireland's national sales tax to 21 percent, starting Jan. 1. Earlier this year he raised it to 21.5 percent, a move that spurred increased cross-border shopping in the cheaper British territory of Northern Ireland.
Labor unions representing civil servants and public workers, including nurses and police, warned they could strike in protest at the pay cuts and lost benefits. These cuts come on top of hikes in income tax imposed earlier this year that have left many struggling to pay their mortgages on devalued homes.
But economists and business leaders agreed the government had no choice but to slash spending immediately because of a deficit projected to grow to a staggering 13 percent of gross domestic product next year.
Ireland and Greece are the worst offenders in the euro zone, which requires members to keep deficit spending to 3 percent of GDP.
If Ireland fails to mount a credible counterattack to its deficit, it may be forced to pay higher interest rates on its debt obligations to foreign bondholders, making a bad situation even worse.
Reflecting foreign fears of potential Irish debt defaults, the interest rates on Irish bonds rose Wednesday to a six-month high versus the European benchmark rates on German debt.
Ireland enjoyed Europe's longest sustained growth from 1994 to 2007 amid unprecedented investment by foreign high-tech firms seeking a low-tax base in the European Union.
But Ireland's Celtic Tiger boom collapsed amid the global credit crisis, which exposed Ireland's reckless reliance on foreign lending and property speculation to fuel spending. International manufacturers based here increasingly are shifting production to Eastern Europe and Asia, citing Ireland's excessive labor and utilities costs.
LUP1051
Guest
Irlanda: governo fara' necessari investimenti in sistema bancario
Notizia di oggi ore 19.00:
Irlanda: governo fara' necessari investimenti in sistema bancario
DUBLINO (MF-DJ)--Patrick Honohan, governatore della banca centrale irlandese, ha affermato che il governo operera' gli investimenti necessari
nelle banche irlandesi nel caso in cui queste non siano in grado di reperire autonomamente i capitali di cui necessitano.
Honohan non esclude che il governo possa raggiungere una partecipazione del 50% nelle due principali banche del paese, Allied Irish Banks e Bank of Ireland, nel caso in cui queste dovessero necessitare di un'ulteriore immissione di capitale dopo quella da 2,5 mld euro che ha portato la quota azionaria statale nelle due banche al 25%.
L'ipotesi appare tutt'altro che remota dato che le due banche verranno inserite nel National Asset Management Agency, o Mana, volto a liberare le societa' fortemente indebitate dai loro asset tossici.
In merito allo stato di salute del sistema bancario irlandese, il governatore ha specificato che il credito non sta crescendo e che gli spread si stanno allargando.
red/est/car
Commenti?????
Notizia di oggi ore 19.00:
Irlanda: governo fara' necessari investimenti in sistema bancario
DUBLINO (MF-DJ)--Patrick Honohan, governatore della banca centrale irlandese, ha affermato che il governo operera' gli investimenti necessari
nelle banche irlandesi nel caso in cui queste non siano in grado di reperire autonomamente i capitali di cui necessitano.
Honohan non esclude che il governo possa raggiungere una partecipazione del 50% nelle due principali banche del paese, Allied Irish Banks e Bank of Ireland, nel caso in cui queste dovessero necessitare di un'ulteriore immissione di capitale dopo quella da 2,5 mld euro che ha portato la quota azionaria statale nelle due banche al 25%.
L'ipotesi appare tutt'altro che remota dato che le due banche verranno inserite nel National Asset Management Agency, o Mana, volto a liberare le societa' fortemente indebitate dai loro asset tossici.
In merito allo stato di salute del sistema bancario irlandese, il governatore ha specificato che il credito non sta crescendo e che gli spread si stanno allargando.
red/est/car
Commenti?????
Imark
Forumer storico
Sempre quelli della volta precedente... li ho evidenziati in grassetto...
Quindi che cosa, scusa ?
Vuoi sapere da me quanta cacca (perdona il termine, tanto per parlarci chiaro) c'è nello stato patrimoniale delle banche irlandesi non nazionalizzate, inclusa quella parcheggiata in società fuori bilancio ?
E come faccio a risponderti ? Quello che posso dirti è che, a giudicare dalla puzza, deve essere tanta...
La spostano tutta nel NAMA, o ne resta altra dentro le banche (o fuori, ma di cui le banche rispondono comunque) che porterà ad ulteriori perdite in futuro, quando si dovrà valutarla per ciò che vale ?
Risposta: boh !
Certamente lo stato irlandese sta cercando di salvarle, poi se ci riuscirà oppure no non sono in grado di dirlo.
Ti è già stato spiegato sopra (se tu avessi letto) che gli asset tossici trasferiti allo stato irlandese NON sono le obbligazioni della banca, le quali restano alla banca.
LUP1051
Guest
Ok, non sei tenuto però a ricordarmelo, ti ringrazio comunque della partecipazione così "attiva".
Essendo stato emesso un nuovo documento in relazione/in merito al tema in discussione, ho ritenuto fare cosa buona postarlo e renderlo di pubblico dominio; se poi, visto che a tuo avviso si tratta solo di cacca, dobbiamo tutti dimenticarcene e di conseguenza non scrivere più,,,,,,,,mi dispiace ma credo di non essere d'accordo.
Essendo stato emesso un nuovo documento in relazione/in merito al tema in discussione, ho ritenuto fare cosa buona postarlo e renderlo di pubblico dominio; se poi, visto che a tuo avviso si tratta solo di cacca, dobbiamo tutti dimenticarcene e di conseguenza non scrivere più,,,,,,,,mi dispiace ma credo di non essere d'accordo.
