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Here are the outcomes Cork in October. More cases were cased by the lenders than were adjourned per the practice direction. Many of those not served are essentially the same as being adjourned by the lender as, in some cases, the lenders have chosen not the formally serve the proceedings on...

Do you think the bank told them in 2009 that they were taking back the home which was when the last payment was made in the cases referred to? Of course, we don't know why these people stopped paying anything. We just know that they have paid nothing since 2009. That is not what is being...

Brendan, I did a brief summary here. http://www.irisheconomy.ie/index.php/2014/03/04/q4-2013-mortgage-arrears-statistics/

Plan A involved taxing past earnings (by cutting money on existing deposits) Plan B involves taxing future earnings (to pay interest on additional loans) Both are unsavory, but someone has to pay.

Due credit should have been given. http://www.irisheconomy.ie/index.php/2013/02/16/toxic-debt-scare/

Government debt is never paid off. Once it is created it almost always exists into perpetuity. Future generations have always had to carry the debt of previous generations. Irish governments ran up the equivalent of €40 billion of debt in the 1980s; it was still there in 2006. By getting...

Erm, no. Latest Eurostat figures are for[broken link removed]. General Government Debt. Ireland: €180 billion UK: £1,318 billion Sterling has fallen significantly against the euro in the past month from €1.25 to €1.17. Taking a rate of €1.20, the UK's debt is €1,580 million - nearly nine...

Chris, The NTMA will probably aim for an average maturity on Irish government debt of between 7 and 10 years. The extension of the EFSF/EFSM loans will help that considerably. Interest rates might "go up sharply" in the future but it is important to consider the factors that might give rise...

dewdrop, Countries don't repay loans, they are simply rolled over. Have a look at Ireland's historical debt figures from the NTMA website. [broken link removed] None of the debt of the 1980s was paid off. The burden of it was reduced with growth and inflation. There is no intention of...

It seems a bit odd to suggest that Tracker Mortgages will be a problem. Tracker rates are unambiguously good for borrowers. If there ever comes a time where tracker rates are a disadvantage then borrowers can switch to SVR or fixed rates. It is hard to envisage a situation where a tracker...

There will always be a gap between different estimates but that alone is insufficient to favour one estimate over another. Official statistics show that 1-in-10 owner-occupied mortgages are 90+ days in arrears and all indications are that a figure of 1-in-4 is likely for buy-to-let mortgages...

No, a country can't run a structural deficit of more than 0.5% of GDP (or 1.0% of if it below the 60% of GDP debt threshold). There is still scope for cyclical deficits. Structural deficits must be created, i.e. they are based on political decisions to increase expenditure and/or cut taxes...

Double post

Hi Brendan, This is a useful post. I think there are some worthwhile contributions on both sides but sometimes there is a lack of clarity on the definitions of the numbers used. The real cost of the Promissory Notes is €30.6 billion. The nominal cost of the Promissory Notes is €75 billion...

This could potentially be great data. I have looked at the issue of the 10,000 mortgages myself and while I believe they don't exist I'm not sure we can be 100% certain that they don't. Today Kelly has claimed that he was referring to investment properties. Your figures are that there is no...