Top civil servant to quit

first_img Share Top civil servant to quit BRITAIN’S?top civil servant Sir Gus O’Donnell will stand down within the next couple of years, long before the end of the parliament in 2015. Sir Gus – known as God in Whitehall circles because of his initials and power – considered quitting immediately after the election but the Prime Minister convinced him to oversee the first few years of the coalition government. Sources insisted Sir Gus would leave on good terms, pointing out he will have spent over seven years in charge of Whitehall by the time he leaves.?His predecessor Sir Andrew Turnbull lasted just three. The mandarin rose to prominence as former Prime Minister Gordon?Brown’s favourite civil servant, a status that many thought would be incompatible with a Tory-led administration. But he impressed David Cameron with his handling of the complex coalition negotiations. Tuesday 10 August 2010 8:56 pm KCS-content Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot whatsapp Show Comments ▼ whatsapp last_img read more

Online sales surge

first_img INTERNET sales grew in July at their fastest pace since before the recession as wet weather encouraged home shopping, a survey foundOnline sales surged by 18 per cent in the month compared with a year earlier, IMRG said.UK shoppers spent £5bn online in July.The average UK shopper made purchases worth £81 online, with promotions and discounts also boosting spending.The rise was the sharpest since 2007. Online sales surge John Dunne whatsapp whatsapp Friday 20 August 2010 2:58 am Show Comments ▼ More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Share Tags: NULLlast_img read more

Catastrophe bond issues set for high

first_img whatsapp KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp Catastrophe bond issues set for high NEW issues of insurance catastrophe bonds should rapidly rebound to pre-financial crisis highs as securities markets stabilise, insurance broker Aon Benfield said yesterday.Investors are showing sustained interest in so-called cat bonds, which enable insurance companies to transfer big risks such as for hurricane or earthquake damage to financial market investors, while their prices have also remained attractive for sponsors of the bonds, the broker said.Aon Benfield, the world’s biggest insurance brokerage, said in its review of the insurance-linked (ILS) market over the last year that it expected a rise in the number of ILS transactions and deal sizes in the coming months. “We expect catastrophe bond issuance to increase and quickly approach the peak levels witnessed in 2007,” it said.Cat bond issuance totalled just over $7bn (£4.5bn) in the year to 30 June, 2007, and was at nearly $6bn in 2008 before falling sharply as the financial crisis struck.The market for cat bonds has since improved as investors’ memories faded of the financial crisis, soothed by double-digit returns for many ILS securities.Those surging returns are however unlikely to be sustainable in the months ahead, Aon Benfield warned yesterday. Monday 23 August 2010 7:49 pm Show Comments ▼ Share Tags: NULLlast_img read more

Construction disputes jump

first_img Share Construction related disputes climbed by more than a third during the credit crunch, according to new figures published yesterday, as the downturn took its toll on one of the industries hardest hit by the financial crisis. According to research by legal information business, Sweet & Maxwell, the number of construction disputes that went to arbitration rose by 31 per cent during 2009. Last year, there were 1,018 construction related applications made to dispute resolvers, marking a sharp rise from 2007 when 779 applications were made. A housing slump and dwindling demand for commercial space were some of the factors leading to the rise in disputes as developers came under pressure to reduce costs, according to the figures. whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPuffer fish snaps a selfie with lucky divernypost.com Tags: NULL KCS-content center_img Construction disputes jump Monday 4 October 2010 8:30 pm Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndo whatsapplast_img read more

MULBERRY BAGS FASHIONISTAS

first_img More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo MULBERRY BAGS FASHIONISTAS Show Comments ▼ whatsapp KCS-content Tags: NULL Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Sales at fashion retailer Mulberry have soared by 79 per cent in the past 10 weeks, as its bags have flown off the shelves. Classic handbag styles sported by celebrities including TV presenter Alexa Chung – have helped fuel the rise Share Thursday 7 October 2010 8:11 pm whatsapplast_img read more

At last, the banks are reaching out to UK Plc

first_imgWednesday 13 October 2010 8:31 pm More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.com whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailautooverload.com40 Dated Fashion Trends That Shows Your Ageautooverload.comSearch | Programming CoursesInterested In Programming? Courses In India Might Surprise YouSearch | Programming CoursesMiss Penny StocksWhitney Houston’s Last Photo Is Truly TragicMiss Penny StocksOnline Dating | Sponsored AdsScottsdale Singles: Online Dating Could Actually WorkOnline Dating | Sponsored AdsThe Wallet Watcher7 Discounts Seniors Get Only If They AskThe Wallet Watcher KCS-content Show Comments ▼ At last, the banks are reaching out to UK Plc center_img THERE are two possible ways forward for the banking industry. The first is to do nothing and try and brave out the storm, chucking the occasional insult at detractors. The second is to show some humility, reach out, make sensible reforms – and invest some of its own cash – to improve matters and fight its opponents with genuine facts, arguments and economic analysis. After prevaricating for ages, the industry has now adopted the second strategy, responding at last to those who argue that it is unfairly limiting credit and charging too much.There are lots of good suggestions – and a few dud ones – in last night’s Business Lending Taskforce report, organized by the British Bankers’ Association and co-signed by the CEOs of Barclays, HSBC, Lloyds, RBS, Santander and Standard Chartered. A new £1.5bn growth fund will provide capital for viable businesses, a great move; if managed properly, this could pave the way for a new, 21st century tide of venture capitalism. It is right that this fund won’t be co-financed by the taxpayer. It will specialise in long term equity growth capital for firms requiring between £2m and £10m. Other good ideas include helping mid-sized firms gain access to syndicated debt and trade finance, largely by improving information. Other moves that may help include pre re-financing dialogues 12 months’ ahead of any term loan coming to an end, and better appeals processes for declined loan applications. We shall obviously have to wait to see how effective these measures turn out to be – and whether the £1.5bn is enough. The report is pretty balanced when it comes to lending and borrowing figures. The arguments confirm my suspicion that the biggest problem is the decline in the demand for credit, combined with the demise of foreign bank supply – but it also points out that some firms may have given up and are therefore not approaching their banks. Overall business credit facilities (including overdrafts) are only 75 per cent utilised. Undrawn, committed facilities from banks exceed £85bn, with a further £70bn of committed, undrawn facilities available from other lenders. Loan applications by small firms across the main high street banks are 20 per cent lower than at the start of 2008, either because demand is lower or because small firms are so sure they will be turned down that they are not applying. Overdraft applications for firms with a turnover of less than £1m are 50 per cent down. Yet most applications are given the green light: approval rates for the £1m-£25m turnover band have held up, at 97 per cent for overdrafts and 90 per cent for loans. For small firms as a whole, 80 per cent of overdrafts are approved, up from 67 per cent in late 2009; loan approval rates are 70 per cent, up from to 63 per cent.Perhaps the most worrying part of the report is that which deals with funding costs – and how this will push up rates charged to borrowers. Wholesale funding accounts for 19 per cent of the total – and costs have permanently risen (rightly so, given how underpriced everything was pre-2007). Five-year credit default swap spreads are currently 1.4 per cent, compared to a pre-crisis figure of 0.1 per cent. Vast amounts of debt maturing over the next few years will have to be refinanced at these higher costs; the industry faces serious financing challenges. Higher capital requirements will also increase the cost of lending, as expensive equity replaces cheaper debt. Every one per cent increase in the capital requirement will boost the price of credit by 0.13 per cent. Lending to small firms is more risky than average, and banks are required to hold more capital against an equivalently sized loan as a result. This magnifying effect means that interest rates on loans to small business will increase by even more than other loans. Basel III could also lift trade finance prices by 20 per cent to 40 per cent. The FSA’s new liquidity rules will also add a further 0.1 per cent to margins. Finally, banks will need to re-price credit to take account of a more realistic default risk. Write-offs for business lending were just 0.3 per cent in 2007 and were wrongly (and naively) expected to remain low, but subsequently peaked at 1.3 per cent during 2010. Again, this will push up the cost of credit for all firms. All in all, a sensible and frank report from the banks. It is a shame we had to wait so long before the industry finally got its act together. [email protected] Share whatsapp Tags: NULLlast_img read more

Germany to simplify tax rules by 2012

first_imgSunday 31 October 2010 10:59 pm KCS-content Show Comments ▼ GERMANY could simplify its tax rules by 2012 to allow the public to file a tax declaration every other year instead of annually, Finance Minister Wolfgang Schaeuble said in a radio interview yesterday.Cutting taxes and simplifying the complex rules were central pledges of the ruling centre-right’s coalition reform agenda but doubts about scope for the former in the crisis has prompted Schaeuble to place more emphasis on the latter for now.In an interview with Deutschlandfunk radio, Schaeuble said the prospect of halving the number of declarations was tangible.“It’s a key point, and I think we have a good chance of putting that into effect by 1 January 2012,” he said.On Saturday a newspaper said German federal net new borrowing will likely be more than one-fifth lower than previously forecast in 2011.The finance ministry reiterated its position that federal new borrowing in 2010 would likely amount to some €50bn (£43.4bn) – roughly €30bn less than once predicted – but added that the total could end up being lower next year. Germany to simplify tax rules by 2012 Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Share whatsapp whatsapp Tags: NULLlast_img read more

US private sector creates 43,000 new jobs in October

first_img whatsapp Wednesday 3 November 2010 9:11 pm Tags: NULL US firms created more jobs than anticipated in October marginally helping to boost optimism about the job market before the publication of the government’s employment report on Friday.Private employers created 43,000 more jobs last month compared with a revised loss of 2,000 jobs in September, according to payrolls processor ADP Employer Services.Since February the average monthly figure for private job creation has been around 34,000.ADP said this month’s figure was still consistent with the deceleration of economic growth that occurred in the spring. October’s employment increase was not sufficient to lower the overall unemployment rate, it added, given modest GDP growth. It would not be surprising to see several more months of lethargic employment gains, even if the economic recovery gathers momentum, ADP said. KCS-content whatsappcenter_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo Show Comments ▼ US private sector creates 43,000 new jobs in October last_img read more

Customer numbers up at easyJet

first_img whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndoBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach RaiderUndo Tags: NULL KCS-content Thursday 4 November 2010 10:42 pm Customer numbers up at easyJet center_img Share Budget airline easyJet said yesterday its passenger numbers rose 8.6 per cent in October to nearly 4.6m. Its flights were a total of 88.2 per cent full last month, up from 86.8 per cent in the same period last year, pushing the annual rate up to 87.1 per cent. In the year to October 2010, the firm said it has carried more than 49m passengers, meaning an 8.1 per cent rise since last year. More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comConnecticut man dies after crashing Harley into live bearnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Show Comments ▼ whatsapplast_img read more

Irish bonds shunned as woes mount

first_imgWednesday 10 November 2010 9:03 pm whatsapp IRELAND’S borrowing costs soared to an 11-year high yesterday on worries the country is on the brink of asking for a Greek-style bailout from the EU or the International Monetary Fund (IMF). The Irish central bank governor also admitted yesterday that the enormous bank rescue had failed to reassure investors and that struggling Irish institutions might be better off in foreign hands. Growing alarm at Ireland’s potential bankruptcy sent benchmark 10-year yields up by more than half a percentage point to 8.64 per cent, the highest level since 1999, while the country’s spread over benchmark German bonds soared to 6.22 percentage points, which represents an all-time high.European clearing house LCH.Clearnet made it more expensive to trade Irish debt due to the threat of sovereign default, hiking the margin required by 15 per cent of net exposure. The EU’s top monetary official Olli Rehn has said that while Ireland had not requested any financial aid, the premium investors are demanding to hold Irish bonds rather than German benchmarks has widened at the same breakneck speed as Greece’s spread did shortly before it sought its bailout in May.Irish central bank governor Patrick Honohan conceded in a speech yesterday “investors are not yet fully convinced” that setting up the National Asset Management Agency to buy out troubled assets from banks including Allied Irish and Bank of Ireland had helped build confidence in the country’s finances. “From a national point of view, the entry of foreign purchasers for some or all of the banks would help transfer both credit and liquidity risk to those in a better position to bear them,” he told the International Financial Services Summit in Dublin. He said the central bank would help search for potential buyers, “as it is clear that all will benefit from greater market confidence in the financial situation of the banks as in the sovereign”. The Irish government hopes to pass an emergency budget to save €6bn (£5.13bn) in December, which has already led to public protests. However, Honohan said yesterday the country will not alter its austerity plans even if the country requires a bailout. “My take would be the sort of policy package the IMF would want to see Ireland doing is very much the sort of policy package that the government is putting together on the fiscal side,” Honohan told the conference yesterday. Tags: NULL Show Comments ▼ KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution Share whatsapp Irish bonds shunned as woes mount last_img read more