Category Archives: Finance

Irish Water’s 2015 annual report

Irish Water’s 2015 annual report is out. There’s lots of interesting bits in there. Irish Water’s total liabilities grew from €890m in 2014 to €1.44bn in 2015. Irish Water borrowed lots: Net debt grew from €324m to €890m. Borrowings: The number of people paying bills in the 4th cycle cratered. Here’s a graph: Here’s the… Read More »

Lee Buchheit bondholder email to Department of Finance

In today’s Sunday Business Post, Jack Horgan-Jones interviewed New York lawyer Lee C Buchheit. Buchheit is known as one of the world’s experts on sovereign debt crises. As the article says, he’s “the guy who governments fly in to tell their creditors they won’t be getting their money back”. In 2010 the Irish government secretly… Read More »

ECB agrees to review Trichet letter release

In light of comments made by ECB Governing Council member Patrick Honohan in the book on Brian Lenihan I recently resubmitted my request for access to the letter that had previously been refused to this blog by ECB President Mario Draghi. I see today RTE is reporting that MEP Sean Kelly has also been seeking… Read More »

Is this IBRC's Statement of Affairs?

This comes from an anonymous Twitter account – @QuinnAnglo – so all the usual provisos apply. The tweeter in question claims this document to be the Statement of Affairs of IBRC before the liquidation of the company in February 2013. It includes a list of creditors (though not depositors – as Noonan intervened on that… Read More »