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Possible options open to the ECB to help get Europe out of the pending corona debt crisis?

https://www.karlwhelan.com/Presentations/Geary-April-2020.pdf

Spain proposing a €1.5 trillion coronavirus recovery fund financed through perpetual EU debt to the eu meeting tomorrow. It will be based on grants to help the worst effected countries. It's not exactly a euro bond but it's as close as possible to one. If...if it gets traction it will mark a big turning point for Europe and eu solidarity. Could be interesting.

Not that I really disagree with what you are saying about the banks prospects but there is a 4th and 5th option.

I doubt the government want any more of the Irish banks than they have at the minute so unless 2 or 3 start to become a reality it's unlikely they will want to nationalise BoI.
Under option 3 they could sell off the UK business easy enough and just concentrate on IRE. Probably worth more as an asset to sell that a major cash generator. Might be better doing a swap deal with RBS for Ulster bank.

4. .. Do nothing and let this play out which I think is a likely option for now. Between cash been generated and their reserves they are not in danger. That of course may not be the case next year if this continues long term. The ECB will not want this to turn into a banking crisis so I doubt any bank will have a problem getting cash if required.

5.. hook up with AIB. In the long term that's a real possibility but until the fallout from the virus is known it's better to have 2 irons in the fire for now.

there is something seriously wrong with the Markets especially in the US. markets are forward looking on the economy and company prospects. On a day when the US added over 5 million to the unemployment lines, bringing the total to historic levels and oil drops below $20 a barrel the S&P is up .5%. Share prices have detached for reality and now respond to printed money only. To keep the markets levitating like they are, the fed will need to print 2 trillion every few weeks. Not just the fed but every other central bank as well. It seems inevitable that some one somewhere is going to call it eventually....the king has no clothes. On that day there's going to be one hell of a crash.

While we bemoan the present BIRG share price at least it is actually reflecting some bit of reality as to the state of the economy here and world wide. Companies will soon be reporting Q1 results. They will be bad but they are going to seem fantastic by the time Q2 come around. No wounder Trump is so desperate to open up the US at all costs.

"Fontannoy, stop trying to defend the indefensible , its complacency like yours that has this share where it is today."

Ah now. really P, your getting a bit carried away there. I don't know how many times I have warned posters here that this share has a death wish and only goes down. Just look at the 5 year graph. UNTIL there is a major momentum change this is not a share for investors but great for traders. It does not matter if its the worst preforming bank share in the world today. What matters (and you seem not to have learned from your own posts P) is that we realise that is the case regularly and not get sucked into a 10% rise as a recovery. We need to realise that BIRG is as deadly to investors as a virus. Some day there may be a cure but not in the short term.

in this most strangest of times happy Easter Torquay and all. Traditionally Easter begins with doom and gloom and ends on Easter Sunday with rebirth and hope. Both badly need now more than ever.

"I hope this is the beginning of a slow and steady rise."
Beware of false lift offs. For now we are in the eye of the storm. Banks are busy coping with the numbers looking to suspend mortgage and loan repayments. When the end of the 3 months are up we will only then see how many need ongoing support. Locally I heard (second hand Info) that a branch of Ulster bank expect up to a third of small business never to re open. Of course its fair to say BIRG is so low that there's a lot priced in, but as I have said many times this share has a habit of taking any news poorly. I continue to be with Hotdog on this. Tread carefully and if possible drip feed over a long time rather that see a +10% gain and go all in. Be careful out there.

If we winter this one out, we can summer anywhere” Seamus Heaney.

A lot of question arise form this whole situation . Like when the chips are down it turns out that a shelf stacker in Tesco is more vital to an economy than an accountant or a solicitor yet pay wise.... Or a lorry driver more important than a pilot.

Another question. Why do farmers, who also turn out to be vital, get so much abuse over belching cows destroying the world when a couple of months of lock down transforms the environment and yet there's not an animal less in the world.

sorry. didn't intend the link to be as long as the book.

The quote is from a book called Rethinking Money. Link to a few pages of it below. It raises some interesting questions.
Like how come, after centuries of time, it is still continues to be a fact that most of the" money" is in the hands of the few and all for the debt is carried by the many. Can that fact be changed without changing what money is and does?

It's quite possible we are about to see major changes as a result one man eating a dodgy bat and bring the entire world to a stand still in just a few months. Things like free cash straight to the man and woman at the bottom of the pile. permanant QE and regular debt write offs.

https://books.google.ie/books?id=hBfQdF3EhXAC&pg=PA23&lpg=PA23&dq=It+is+a+slow+day+in+the+small+Saskatchewan+town+of+Pumphandle,+and+streets+are+deserted.+Times+are+tough,+everybody+is+in+debt,+and+everybody+is+living+on+credit.+A+tourist+visiting+the+area+drives+through+town,+stops+at+the+motel,+and+lays+a+$100+bill+on+the+desk+saying+he+wants+to+inspect+the+rooms+upstairs+to+pick+one+for+the+night.+As+soon+as+he+walks+upstairs,+the+motel+owner+grabs+the+bill+and+runs+next+door+to+pay+his+debt+to+the+butcher.+The+butcher+takes+the+$100+and+runs+down+the+street+to+retire+his+debt+to+the+pig+farmer.+The+pig+farmer+takes+the+$100+and+heads+off+to+pay+his+bill+to+his+supplier,+the+Co-op.+The+guy+at+the+Co-op+takes+the+$100+and+runs+to+pay+his+debt+to+the+local+prostitute,+who+has+also+been+facing+hard+times+and+has+had+to+offer+her+%22services%22+on+credit.+The+hooker+rushes+to+the+hotel+and+pays+off+her+room+bill+with+the+hotel+owner.+The+hotel+proprietor+then+places+the+$100+back+on+the+counter+so+the+traveler+will+not+suspect+anything.+At+that+moment+the+traveler+comes+down+the+stairs,+states+that+the+rooms+are+not+satisfactory,+picks+up+the+$100+bill+and+leaves.+No+one+produced+anything.+No+one+earned+anything...+However,+the+whole+town+is+now+out+of+debt&source=bl&ots=jT_M-pXgiM&sig=ACfU3U0CSzl-Gw9WdBLkuViAetYaFf--0Q&hl=en&sa=X&ved=2ahUKEwjDp6-Gss_oAhUSQhUIHSmsBoYQ6AEwA3oECAsQMA#v=onepage&q&f=false

There won't be many of them in a month or so. Drug companies maybe.

That Baillie Gifford sale hurt. They are long term investors. I think this is a new sp low. Doubt it will stop at that either. One of the oppertunities radar was talking about.

It's just as well BoI has great reserves because it's going to need them. The only thing keeping stocks (inc birg) from record lows daily is the amount of cash been printed and promised. US national debt alone, which took 250 years to hit 4 billion will more than double in a year. HOWEVER without the ability to print the States and us along with them would be heading into the abyss. Economic's aside, I really fear for the people of USA. They really haven't a handle on this crisis there at all yet. They need a vaccine fast.

It would be a very smart thing for him to do but along with many others that's no more than a rumour. Don't suppose he'd be interested in a cheap Irish bank with ..."potential "

I'm sure hotdog has his own watchlist but I like Applegreen and CPL resources. Not for the nervous but my favourite share is Tesla. I don't own the first 2 but I do have some TSLA.

I agree torquay. At the end of another week the news continues to be bleak. The effect and the disruption to normal life will only get worse from here until we hit peak in ???. I hope the people in the US are ignoring Trump and looking at the number of deaths in Italy and Spain today. That will be them in 2 or 3 weeks. The staggering number of $2 trillion is (2 days later) already fading in their memory. In no time there will be calls of another 2. Basically the doubling of US national debt in less than 6 months. At one time national debt was something to be ashamed off. Not any more by the look of it. Bigger seem better now.
So 2 or 3 weeks from here the world will be a different place. Unrecognisable I would think. A stock market down 30% in the states does not reflect that to my mind. It is my opinion the markets have more to fall and not just the markets but some major companies as well. Without major government intervention the likes of Ford, GE and Boeing are doomed.
Sorry for the pessimism but I can find no good news for shares . So look after the important things like family and health and put money to the back of the mind for the weekend.,

https://www.theedgemarkets.com/article/morgan-stanley-sees-us-economy-plunging-30-second-quarter

Everyone is free to invest as they see best. I have no more insight into where the share price will be in 5 years than anyone else. If I did, 5 years ago I wouldn't have grabbed the opportunity back then to bring my average down to 30c in old money and then again to 25c shortly after. Thankfully I learned my lesson at that stage. Averaging down opportunities is the one thing BIRG gives in plenty.

Maybe 1.80 is the bottom, but it could be just as easily 50% lower at .90. I heard one number today that scared me. The potential loss to the US economy is a 25% drop in GDP. If the UK or Ireland experience even close to that a bank share is not something I want to own more off at this time.

They say "earnings are forecast to grow 20.18% per year".
How justifiable is that? That's as far as I read.