“The pressure is on to re-establish lost market confidence.”

With Irish Government bond yields still above 6%, the Finance Minister, Brian Lenihan, has told the Oireachtas Finance Committee that an estimate for the cost of the Anglo Irish Bank bailout will be published by the end of the month. This will “reassure the public and the markets that the costs of restructuring Anglo, while huge, are very manageable,” he told the Oireachtas Finance Committee. We’ll see…  Meanwhile, as some are talking up yesterday’s bond auction, the Irish Times‘ Arthur Beesley had …

Read more…