With the increase in tax revenue from these latest figures, does this take the pressure off Noonan to realise the state's stake in BOI, or would he sell sooner so he could have a nice pot for a giveaway budget next year? Any opinions after this news?
Fortune favours the brave bob. From the onset and I'm no financial guru except apart from a degree in economics proudly hanging in my toilet ......this sp will run parallel with a economic resurgence. Richie steering the ship is an added bonus. Our .40c pints and medal fest is not so far away.
lack of lending in front of ecb stress tests!!! It just shows you how impractical these bureaucrats are. If I was CEO of any peripheral bank in europe i would not be letting the troops grow risk assets so whether it is a lack of demand, who knows. The situation is just ridiculous and makes me laugh. Two arms from same body going in opposite directions. Where is Ireland on DTAs? in the pub. If there is a good reason why they dont follow the others, then say. Of course its all form over substance anyway, just more bureaucratic bull..it. A DTA is a deduction, a tax credit isnt????
From rte. If it comes to pass it would be an unbelievable turn around.
Finance Minister Michael Noonan has said the economy may grow by as much as 4.5% this year.The minister made his comments after the CSO estimated that the economy grew by 1.5% in the second quarter of this year - the second successive quarter of strong growth.Ireland is now recording the strongest economic growth in the European Union.Mr Noonan said instant estimates by his officials suggested a much stronger growth level than previously estimated by the department.He said the key budget target of getting the deficit below 3% of GDP next year could now be hit without further spending cuts or tax rises.
The useral suspects. Its any surprises that will cause the problem. No mention of irish banks which just showes the progress here. I see a thumbs up for the rule change on deferred tax liability.
Did u see the article on the disappointing take up on the tltro programme. Less than half the estimates. Liquidity might not be the problem. More likely lack of lending. Its possible banks are waiting to see if they are better use the ABS programme and shift assets for cash. Things will be a lot clearer for the next tltro round in December.
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