Tag Archives: ECB

Guess we know who that “unnamed Irish official” official is now.

CENTRAL BANK governor Patrick Honohan is expected to raise the possibility of delaying a cash payment of €3.1 billion to the former Anglo Irish Bank on March 31st and suggest alternatives at the meeting of European Central Bank decision-makers today.

Options being considered to delay the cash payment include a payment-in-kind by way of a Government bond or another promissory note until a long-term restructuring of the notes is concluded.

Notes for notes. Totes not notes for votes.

We’ll get our cotes.

State to seek delay on €3.1bn cash payment due over Anglo (Simon Carswell and Stephen Collins, Irish Times)

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They’re back. Literally rolling out of bed in the Merrion Hotel and crossing the road to the Department of Finance.

1. Senior Economist at the European Department of the IMF, Johan Mathisen (left).

2. Assistant Director at the (IMF) and Ireland mission chief, Craig Beaumont (front left).

3. European Commission representative Nigel Nagarajan (left).

4. Director of Economic and Financial Affairs at the European Commission, Istvan Szekely.

5. Economist at the European Commission, Sven Langedijk (front left).

Troika Begin Two-strand Mission To Dublin (RTE)

(Laura Hutton/Photocall Ireland)

Not any more, folks…

ECB policymaker Juergen Stark (above) has warned the sovereign debt crisis had spread from the eurozone’s periphery to its core economies and was affecting economies outside of Europe.

“These are very challenging times… The sovereign debt crisis has re-intensified and is now spreading over to other countries including so-called core countries. This is a new phenomenon,” Mr Stark said in a speech to Ireland’s Institute of International and European Affairs in Dublin.

“The sovereign debt crisis is not only concentrated in Europe, most advanced economies are facing serious problems with their public debt.”

Fears about debt levels on both sides of the Atlantic hit stock markets (yesterday) evening.

Shares in Paris and Frankfurt ended down almost 3.5%, while London’s FTSE fell 2.5%.

This came after a warning from credit rating agency Moody’s that France’s high borrowing costs could affect its triple-A credit rating.

Debt crisis ‘has spread to core economies’ (RTE News)

Debt crisis spreads despite Spanish election result (Irish Times)

Hungary asks IMF/EU for financial help as ‘precautionary’ measure (Independent)

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€conomia – an actual App from from the European Central Bank (busy at all, lads?)

Fun for the whole euro family! Raise and lower interest rates! Keep inflation below 2%! Avoid the deflationary spiral!

Play it online here.

Angry Bonds: iPhone Game Lets You Run Europe’s Central Bank (npr)

(Hat tip: Richard Fahey)