Middle Eastern sovereign wealth funds have approached Ireland’s National Asset Management Agency, looking to buy high-end hotels with large grounds for use as stud farms for horses, government insiders in Dublin say.
Good post by Nama Wine Lake on revelations of ECB demands on the lead up to the bailout (Irish taxpayer bailout of EU bondholders that is). It raises legitimate questions about the ECB’s mandated function as lender of last resort.
Randall Wray is one of the modern money theory (MMT) experts coming to Ireland for the " Learning from the Crisis ' conference on May 9th. Here he writes in the New York Times, rubbishing the effect of the rating agencies downgrading of US debt.
The development of techniques which allow the extraction of gas from some carboniferous rocks known as shale has completely transformed the world's natural gas market. The gas price has fallen and in one case in the US, a terminal that was built to import gas is now being used to export it.
Having followed the ongoing public debate on Ireland’s massive debt crisis, I welcomed Michael Casey’s recent opinion piece “Increasing money supply can halt deflationary cycle” published in the Irish Times (14/4/11). [...]
Among other topics, this week's digest covers Bretton Woods II, protests against austerity measures and Ireland's debt crisis.