Sunday, 14 November 2010

Bank of Ireland says funding is 'difficult'




Irish Government again denies it is preparing to go to the EU

for bail-out as reports grow that it is already in negotiations

about a rescue package.




Ambrose Evans-Pritchard

Ambrose Evans-Pritchard

Ambrose Evans-Pritchard has covered world politics and economics for a quarter century, based in Europe, the US, and Latin America. He joined the Telegraph in 1991, serving as Washington correspondent and later Europe correspondent in Brussels. He is now International Business Editor in London.

LATEST FROM AMBROSE EVANS-PRITCHARD

America will survive the errors of Bernanke's trigger-happy Fed

America is a resilient nation, with far healthier demographics than China, Japan, Korea, Germany, Italy or Russia. The storm will blow over.

07 Nov 2010

Doubts grow over wisdom of Ben Bernanke 'super-put'

The early verdict is in on the Fed's $600bn of fresh money through QE. Yields on 30-year Treasury bonds jumped 20 basis points to 4.07pc.

04 Nov 2010

Australia, India fight Fed with 'quantitative tightening'

Australian dollar blasts through parity against US dollar after the country - along with India - raises interest rates to fight inflation.

02 Nov 2010

QE2 marks the end of dollar hegemony

As the Federal Reserve meets to decide the size of its next blast of QE, it does so knowing that China and the emerging world view the policy as an attempt to drive down the dollar.

01 Nov 2010

Angela Merkel consigns Ireland, Portugal and Spain to their fate

Germany has had enough. Any eurozone state that spends its way into a debt crisis or cannot adapt to a monetary union set for Northern rhythms will face “orderly” bankruptcy.

31 Oct 2010

EU 'haircut' plans rattle bondholders

Investors face large potential losses under German plans likely to win EU backing – risking a boycott of Greek, Irish, and Portuguese bonds.

28 Oct 2010

Political upheaval rocks eurozone debt markets

The simmering crisis on the eurozone fringes has erupted again as the full impact of debt deflation hits home, raising fresh doubts about austerity.

27 Oct 2010

Greece reignites Europe debt woes, bond investors jittery

Europe's debt woes returned to fore after the Greek premier threw open the door to fresh elections and vowed to liberate the nation.

26 Oct 2010

German boom creates ECB policy headache

German growth widens eurozone divide, may force ECB to tighten before high-debt states are ready.

25 Oct 2010

Currency wars are necessary if all else fails

The overwhelming fact of the global currency system is that America needs a much weaker dollar to bring its economy back into kilter and avoid slow ruin, yet the rest of the world cannot easily handle the consequences of such a wrenching adjustment. There is not enough demand to go around.

10 Oct 2010

The hi-tech miracle rescuing Ireland from a banking crisis

Alone among the debt–stricken states of the outer eurozone, Ireland has a booming export base.

08 Oct 2010

Ireland must honour its debts, says business boss

Irish business federation head Danny McCoy warns a default on the junior debt of Anglo Irish Bank and other lenders would be a breach of faith.

06 Oct 2010

IMF admits that the West is stuck in near depression

Ambrose Evans-Pritchard says Chapter Three of the IMF's World Economic Outlook more or less condemns Southern Europe to death by slow suffocation.

03 Oct 2010

Capital controls eyed as global currency wars escalate

Stimulus leaking out of the West's stagnant economies is flooding into emerging markets, playing havoc with currencies and economies.

29 Sep 2010