Tag Archives | bank debt

Zombie Republic of Ireland (2010-2013)

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Tonight, on #promnight, the winding-up has been announced of the Zombie Republic of Ireland, formed in 2010 when the former sovereign state became a ward of the Bundestag’s finance committee. The end-of-life processes of the former Republic were accompanied by rushed late night decision-making and ill-considered legislation. The death notice, issued from ECB President Jean-Claude Trichet, has never been made public. The zombie successor state was artificially kept in an animated state as more…

Breakthrough on Ireland’s bank debt?

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This looks like a breakthrough on the Republic’s bank debt problem: According to a statement issued at 4am (Irish time), eurozone leaders pledged to “examine the situation of the Irish financial sector with the view of further improving the sustainability of the well-performing adjustment programme.”