Irish bank governor aims to reassure markets

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Series Title
Series Details 8.1.11
Publication Date 08/01/2011
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Report of comments by the Governor of the Irish Central Bank Patrick Honohan at Ireland's Institute of International and European Affairs (IIEA), Dublin, 7 January 2011.

He highlighted the need for a reduction in uncertainty, particularly in the banking sector, in order to restore credit and confidence to the Irish economy.

While focusing mainly on uncertainty around the banks, he also addressed some other key dimensions of short-term macroeconomic prospects including employment and output growth, the budget and cost competitiveness.

He also said he would be 'surprised and disappointed' if all the €35bn earmarked to fix the Irish banks under the international bail-out agreed in November 2010 would be needed.

Related Links
Irish Times, 8.1.11: Parts of bailout deal could be renegotiated, says Lenihan http://www.irishtimes.com/news/parts-of-bailout-deal-could-be-renegotiated-says-lenihan-1.869772
Website: Institute of International and European Affairs (IIEA) http://www.iiea.com/
IIEA: Events: Restoring Credit to the Irish Economy, January 2011 http://www.iiea.com/events/restoring-credit-to-the-irish-economy-patrick-honohan
Irish Times, 8.1.11: Honohan at odds with €10bn bank bailout timing http://www.irishtimes.com/newspaper/finance/2011/0108/1224287043278.html?via=rel
ESO: Background information: Ministers sign off on €85bn Ireland deal http://www.europeansources.info/record/ministers-sign-off-on-e85bn-ireland-deal/

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