EUR
Are SIPTU for real?
no strikes please – we do not have the time or the money
Salaries for IT managers in Ireland
The news that many IT managers in Ireland make in excess of €100K per annum is not that surprising. I think the comment ‘Once again, when it comes to the true believers in the value of IT, Irish firms just aren’t at the races, no matter what the politically correct thing to say is.’ is [...]
Positive feedback on Finance Minister Brian Lenihan
It’s been a tough week on the homefront. We’ve had the AGM’s for AIB and Irish Life & Permanent. Very angry shareholders. Directors facing the music. And an additional €1.5bn privision by AIB. However our Finance Minister has been out doing his stuff – on tour getting the Ireland message across. Frank Millar assures us [...]
When the government say is it’s global problem they have a point
Today’s report in the Irish Times gives a reasonable summary of just how bad things are around Europe. We have made some serious errors in Ireland – but there is a major international dimension to this. Was interested in listening to economist John Fitzgerald today. Even if we end up putting €20bn into rescuing our [...]
Are we for real? Who is running the banks in Ireland?
How does a government lend €3.5Bn to a Bank which is worth €300m and not take control? Last week we saw the appointment of a new CEO at Bank of Ireland. Obviously he was seen within the Bnk as the best man for the job – and he may well be. But the Bank is [...]
Preference shares or Ordinary Equity
Writing in Fortune, Feb 16th, Allan Sloan’s article, ‘Geithner’s Redemption’ rings bells in the context of Ireland. Sloan focuses on the mess that has been made of Citi and Bank of America – requiring a €90bn government bailout. He references concerns that the banks will not seek to lend to business at a lower return than [...]