Boyle's Moody's blues
July 19, 2010
The news that the credit ratings agency Moody’s has downgraded Irish debt from Aa1 to Aa2 was to be expected. After all, if the cost of bailing out the banks is included then the size of the budget deficit is the biggest in the euro zone. The NTMA says that the move will not add to the cost of Ir...
All stressed out
July 14, 2010
At the moment the focus is on the results of European wide bank stress tests. Whether 91 of the most vulnerable financial institutions across the region are fit for purpose will become known by Friday. The market reaction to the results of this survey will be crucial. If the stress tests are deem...