Ireland actually has a chance of making it.
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  Ireland actually has a chance of making it.
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Author Topic: Ireland actually has a chance of making it.  (Read 1223 times)
Beet
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« on: September 01, 2011, 04:59:04 PM »



Probably because Ireland has returned to growth (albeit only 1.3%) and is not stuck in perpetual recession like Greece.
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Gustaf
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« Reply #1 on: September 02, 2011, 02:44:17 AM »

Prejudices have tended to be a fairly accurate predictor of the development of the Euro crisis. Wink
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Beet
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« Reply #2 on: September 02, 2011, 10:23:09 AM »

Ooohhhhkay... today is easily the worst day for peripheral bonds since Aug. 5. That is because the ECB is turning the screws on Italy.

The minute the pressure is off, they can't agree on budget cuts! What idiots.

The thing is, it's having an effect on the issues for all the PIIGS.
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Beet
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« Reply #3 on: September 29, 2011, 04:40:06 PM »

The Irish 2 year yield is down to 7.035%, the lowest since Feb. 8.
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Beet
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« Reply #4 on: August 16, 2012, 11:59:24 PM »

The Irish 2 year yield is down to 7.035%, the lowest since Feb. 8.

Closed today at 2.77%, the lowest since August 23, 2010. It looks like Ireland may be the first PIIGS to successfully pull off an 'internal devaluation.'

Portugal may be next. Since peaking at 21.01% in January 2012, yields on the 2-year have dropped to 5.71%, the lowest since March 9, 2011.
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robbin_hunting
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« Reply #5 on: August 24, 2012, 07:18:25 AM »



Probably because Ireland has returned to growth (albeit only 1.3%) and is not stuck in perpetual recession like Greece.

I don't see Ireland going out of the recession any time soon.

The Budget surplus (+) or deficit (-) for 2011 is -10.1% of GDP and the external debt is
$2.352 trillion (30 September 2011) (huge debt considering that Ireland's GDP does not exceed 200 billion USD...

source: lebanese-economy-forum.com/world-facts/show/ei-debt/


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opebo
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« Reply #6 on: August 24, 2012, 07:40:04 AM »

There's no 'making it' if the debt is neither repudiated nor repayment printed by fiat.  
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Beet
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« Reply #7 on: August 24, 2012, 10:28:09 AM »



Probably because Ireland has returned to growth (albeit only 1.3%) and is not stuck in perpetual recession like Greece.

I don't see Ireland going out of the recession any time soon.

The Budget surplus (+) or deficit (-) for 2011 is -10.1% of GDP

In 2010, it was -32%.

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You can't just look at external debt without looking at external assets. All international liabilities and assets should be considered.
http://www.cso.ie/en/media/csoie/releasespublications/documents/economy/2012/qiipexd_q12012.pdf
As of March 31 2012, Ireland's external liabilities were EUR2.866trn, but its net external assets were EUR2.705trn, so the net external international investment position was -EUR161.5bn.

In 2011, GDP growth was 1.4%, but slumped 1.1% in the first quarter of 2012. So I'd say they're treading water at this point, but market confidence has improved.
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