Skip to main content

Ireland Debt Financial Crisis

Ireland Debt Financial Crisis - EU-eurozone institutions are fighting the second debt crisis in six months and analysts now ponder openly how they would cope with a third and discuss how the single currency can be given a new lease on life.

There are concerns that the strains could become systemic across Greece, Ireland, Portugal and Spain, the so-called weaker PIGS members of the eurozone, and infecting potentially even Italy.

There is uncertainty about the structure of expected help for Ireland, and concern about what happens when an underlying EU-IMF rescue scheme for eurozone countries expires in two years' time.

Unicredit bank chief economist Marco Annunziata, commenting that help for Ireland might calm markets temporarily, also referred to these broader issues of contagion to other countries and strains in the eurozone.

"The real question which the markets are asking is what will happen after two years, at the end of the support programmes? Will it be really possible to avoid a restructuring of debt for these countries as EU leaders say?" he observed.

There is a growing view that any follow-up scheme to shore up eurozone countries in deep financial trouble would ensure that investors who had financed budget deficits with loans would end up losing a large part of their shirts because states would refuse to underwrite all the bills.

It is the policy line stated by German Chancellor Angela Merkel three weeks ago, which many analysts, and Greek Prime Minister George Papandreou, say was the trigger which blew the latest fuse.

Regarding Ireland, the government insists, and analysts largely accept, that the state has funded its state borrowing requirements up to the middle of next year and has set in hand a robust framework of corrective measures.

Ireland Debt Financial Crisis


Popular posts from this blog

Urban Meyer Stepping Down

Urban Meyer Stepping Down - Well, it appears as if it’s deja vu all over again.

Less than 12 months after retiring and then un-retiring, Urban Meyer is apparently stepping down as Florida’s head coach. There’s no word on if he will be stepping back up tomorrow.

Urban Meyer Stepping Down

According to Todd Wright of Sporting News radio, and AOL Fanhouse‘s Brett McMurphy Meyer will announce at a 5 p.m. ET press conference Wednesday that he is resigning/retiring as the Gators’ head coach. There are no further details available at this time, other than GatorUpdates reporting over the weekend that Meyer checked into a hospital the week of the UGA game and has been undergoing tests since.

Obviously, we’ll have more on this story throughout the day and well into the night…

Urban Meyer Stepping Down

Matt Cassel Undergoes Appendectomy

Matt Cassel Undergoes Appendectomy - The mystery of Matt Cassel missing practice Wednesday coupled with the Kansas City Chiefs promoting quarterback Tyler Palko has been solved.

The team has announced that Cassel underwent an appendectomy on Wednesday morning. The Chiefs say they expect Cassel to return to work this week. Returning to work and being ready to perform well in the team’s biggest game of the season on Sunday against San Diego are two different things. ESPN’s Adam Schefter is reporting the Chiefs are viewing Cassel as being questionable to play in the game.

Clearly, this is terrible timing. The Chiefs are 8-4 and would take a major step toward the playoffs with a win over the Chargers. Cassel has played very well for the past two months. If he can’t play, the brittle Brodie Croyle would face the Chiefs in his first action of the season. Croyle last played in Week 13 of the 2009 season.

Matt Cassel Undergoes Appendectomy

Cassel’s availability will come down to whether he…

100-calorie Packs Diet

100-calorie Packs Diet - Did you know recent studies show chronic dieters tend to consume more calories when foods and packages are smaller? Consumer behavior was observed in the study regarding "mini-packs," 100-calorie food packages that are marketed to help people control calorie intake.

The study revealed that one group that over-consumes the mini-packs is chronic dieters - individuals making a conscious effort in trying to manage their weight and food intake.

This shows that the distorted perception of small packages may actually undermine dieters' attempts to limit calories.

Consider this: Consumers perceive the mini-packs to be a generous portion of food - numerous small food morsels in each pack and multiple mini-packs in each box - while on the other hand, consumers perceive the mini-packs to be diet food. For chronic dieters, this perceptual dilemma causes a tendency to overeat, due to their emotion-laden relationship with food.

In a series of focus group studi…