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The financial markets concluded that Ireland could not support the cost of the banks as well as NAMA, and run a budget deficit, and they sold Irish bonds at the time of the renewal of the two-year state bank guarantee in September 2010, causing yields to rise. It became impossible for the government itself to borrow from the bond markets.
Ireland's status as a "major tax haven", and its exposure to a handful of major U.S. multinationals, mean that its commercial property market is prone to overinflating. This effect is amplified because the Irish State enables foreign investors to pay no taxes on Irish commercial property via the Central Bank regulated QIAIFs (and ICAVs in ...
Tribunals have been held to address many political controversies, increasing in frequency since the Beef Tribunal of the early 1990s. While they have been the subject of many dramatic revelations in Irish politics, they have also become known for running long beyond their intended length – the longest being the Mahon Tribunal (previously the Flood Tribunal) which began in 1997 and issued its ...
The Prize Bond Company is a joint venture between the founders An Post and FEXCO and is based in Killorglin, County Kerry.The company was created in 1989 with issued share capital between the founders of 50% each and will operate the scheme under its current (as of 2011) contract until the end of 2019.
The current account balance is one of two major measures of a country's foreign trade (the other being the net capital outflow). A current account surplus indicates that the value of a country's net foreign assets (i.e. assets less liabilities) grew over the period in question, and a current account deficit indicates that it shrank. Both ...
Ireland's debt agency has invested disputed taxes collected from Apple <AAPL.O> in low risk, highly rated euro-dominated fixed income securities, mainly short to medium-term sovereign and quasi ...
The euro area crisis was caused by a sudden stop of the flow of foreign capital into countries that had substantial current account deficits and were dependent on foreign lending. The crisis was worsened by the inability of states to resort to devaluation (reductions in the value of the national currency) due to having the Euro as a shared ...
The value of a paper savings bond can be checked by using the savings bond calculator on the TreasuryDirect website and entering this information found on bond: Issue date Bond series