Friday, May 18, 2012

Ireland - Into the nose dive?

Bloomberg: "Irish Banks May Tip State Into Bailout 2, Deutsche Bank Says

Deutsche: “Although resilient during 2009 and 2010, mortgage arrears have risen sharply over the past year, house prices are continuing to fall, market liquidity is limited, and over half of customers are now in negative equity,” the analysts said. “We fear the size of negative equity balances for some mortgage holders may greatly reduce their incentive to cooperate, pushing them towards default.”

Posted by alan @ 04:16 PM (951 views) Add Comment

2 Comments

1. mark wadsworth said...

Silly me! I cleared out my Santander account today and paid it into the Allied Irish Bank next door. I'll be back Monday. Does BCCI still take deposits?

Friday, May 18, 2012 04:25PM Report Comment
 

2. crash bandicoot said...

MW, I've put all my cash into Northern Rock. It's now as safe as houses.

Friday, May 18, 2012 09:40PM Report Comment
 

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