THE OVERNIGHT ANNOUNCEMENT of a second programme of quantitative easing (‘QE2′) in the United States has done little to help the cost of Irish government bonds. As investors look to paper from other more secure nations, the cost of ten-year Irish bonds has shattered its previous record, standing at 7.635% as of 9:35am. Yesterday the spread between Irish and German bonds hit 5% and it’s continued to rise since. It’ll be a long day.
Government Debt
# government-debt - Monday 4 March, 2013
Exchequer returns show slight fall in tax take for February
The total tax take in February 2013 was €2.042 billion – down by €186 million on the same month from last year.
# government-debt - Saturday 22 December, 2012
Two-thirds of Irish people want to keep the euro
That, however, is a drop in confidence in the single currency on the last Eurobarometer survey.
# government-debt - Friday 27 July, 2012
Irish bond auction welcomed but ‘country is still on life support’
The NTMA auctioned over €4 billion in Irish bonds yesterday in the first long-term debt sale since the bailout.
# government-debt - Thursday 26 July, 2012
Ireland raises €4.19 billion in first return to bond markets
Investors were willing to give us €4.19 billion in loans maturing in 2017 and 2020 – but they come at a cost.
# government-debt - Thursday 5 July, 2012
Ireland’s €500m government debt sale goes better than expected
Minister for Finance welcomes auction of Treasury Bills which fetched a 1.8 per cent yield.
# government-debt - Friday 15 June, 2012
11 things to know about the IMF’s latest Irish review
The latest IMF update on Ireland’s financial health, summarised into handy bitesized chunks.
# government-debt - Thursday 19 April, 2012
Rates up but Spanish bond sale passes off
Spain sold €2.5 billion in debt successfully this morning, with higher interest from investors than expected.
# government-debt - Saturday 14 April, 2012
Column: The Irish default debate will be long – but we have to start it now
Economist Constantin Gurdgiev describes his work on a new book asking the question: What would happen if Ireland walked away from its debts?
# government-debt - Wednesday 11 April, 2012
€1.5billion to be paid to senior AIB bondholders today
Independent TD Stephen Donnelly has described the payment as “criminal”.
# government-debt - Sunday 18 March, 2012
The 9 at 9: Sunday
The nine things you need to know this morning…
# government-debt - Tuesday 17 January, 2012
Column: 10 reasons why Ireland should be praying for a second bailout
Cheap money, essential reforms, and a route away from gombeenism? A second bailout would have immense benefits for Ireland, argues NAMAwinelake.
# government-debt - Friday 13 January, 2012
Good news for the euro? Italian bond yields fall below 5 per cent
The financially troubled country received a favourable response to its latest bond auction.
# government-debt - Thursday 5 January, 2012
Column: Ireland faces a decade of austerity – so let’s not waste it
Economists tell us we’ve got ten years of financial difficulty – so do we want to buckle under, or use this opportunity to reshape Ireland? Aaron McKenna writes.
# government-debt - Tuesday 20 September, 2011
Italy’s credit rating slashed by Standard and Poor’s
The agency said a “weakening” economy and fragile government were putting the country at risk.
# government-debt - Monday 23 May, 2011
Ruling Socialists take battering in Spanish local elections
The party of prime minister Jose Luis Rodriguez Zapatero loses most of its power, triggering calls for early general elections.
# government-debt - Wednesday 16 March, 2011
Portugal facing choppy waters after Moody’s debt downgrade
The ratings agency cuts the rating it gives to Portuguese government debt, down two notches from A1 and A3.
# government-debt - Thursday 4 November, 2010
# government-debt - Wednesday 3 November, 2010
7.4% – investors fall away as government default fears continue
Up, and up, and up…
# government-debt - Tuesday 2 November, 2010
THE COST OF BORROWING for the Irish government closed at an all-time high today, finishing above 7.3% for the first time since Ireland joined the Euro in 1999. The interest rate demanded by the world’s investors closed at 7.304% – the highest it has ever been, and well higher than the Greek rate when it required its own bailout in April. Here’s why you should care about the bond market chaos.
Insuring against Irish default costs more now than ever before
Bad sign: purchasing insurance against an Irish bond default is more expensive today than it has ever been.
Ireland has “a month to stop bailout” – UCD economist
First Colm McCarthy, now Karl Whelan says the movements in bond markets leave Ireland on the brink of default.
# government-debt - Monday 1 November, 2010
ON FOOT of the record cost of borrowing for the Irish state – which today closed at 7.141% – has seen the cost of insuring against an Irish default hit record levels once more. Earlier this afternoon the cost of an Irish ‘credit default swap’ hit 5% for just the second time – meaning that borrowers with €10m in Irish debt will have to pay €500,000 a year to insure themselves against the cost of a bailout. It means the world’s markets believe there to be a 28% chance that Ireland will fail to meet its repayment obligations in the next five years.
Borrowing costs continue upward spiral amid IMF fears
The cost of borrowing for Ireland goes over 7% again, as investors buy into Colm McCarthy’s fears of an IMF bailout.
# government-debt - Thursday 28 October, 2010
Government borrowing costs exceed 7% for first time
The cost of Irish borrowing is more expensive than ever – and briefly exceeded the 7% ceiling for the first time.
# government-debt - Wednesday 27 October, 2010
Government borrowing costs take yet another spike
As the government announces massive budget adjustments, the cost of Irish borrowing lies just off its all-time peak.
Your say
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Poll: Have you ever lodged a complaint about a hospital?
SIXTY-EIGHT PER cent of patients are unaware that they can officially complain about their hospital stay.
An Irish Society for Quality and Safety in Healthcare survey revealed that although 93 per cent of the patients surveyed were satisfied with the service they received, one in every five wanted to discuss an area of dissatisfaction but a third felt they never had the opportunity to do so.
The aspects of care that patients were most dissatisfied with included emergency department conditions and waiting times and lack of information about hospital routines, tests, medication side effects and after-care.
So today we want to know: Have you ever lodged a complaint about a hospital?
Poll Results:
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