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November 2010

Page history last edited by Kevin O'Brien 13 years, 4 months ago

November 2010 

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Friday 12 November

France Germany and the United Kingdom issued a joint statement to calm the bond markets (Source). 

 

Bank of Ireland reported that its outside borrowing had increased by €12 billion, or 11 percent of its assets (source). 

 

Thursday 18 November 

Patrick Honohan, the governor of the Central Bank of Ireland, said in an interview on the Irish state broadcaster RTE that “we’re talking about a very substantial loan for sure” and that such a rescue would be “in the tens of billions” of euros. (Source).

 

Friday 19th November

Allied Irish Bank reported that its additional borrowing was €27 billion, or 16 percent of its balance sheet (Source).

 

Sunday 21 November

Ireland formally applies for aid from the EU and IMF. The application was formalised by a cabinet meeting. The Irish cabinet began meeting at 3 p.m. Sunday and was expected to make an announcement at 7 p.m.(Source).

 

 

 

 

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