April 4, 2011

Economist McWilliams Says Ireland Is Microcosm of Spain

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March 31 (Bloomberg)

David McWilliams, a former economist for Ireland’s central bank, UBS AG and BNP Paribas SA, talks about prospects for a bailout of Irish banks and the implications of stress tests on the nation’s lenders. Irish regulators instructed four banks to raise 24 billion euros ($34 billion) in additional capital following stress tests on their businesses, while the government said it plans to merge two of the lenders. McWilliams speaks with Margaret Brennan on Bloomberg Television’s “InBusiness.” (Source: Bloomberg)

See the full interview here.


  1. grougho

    Good evening all,
    Following the protests in Ballyhea (a small village in north Cork) we in fermoy have started something similar. Needless to say these protests are against the massive amounts of money we are giving the banks. Articles have appeared in local papers as well as in todays examiner and tomorrows irish mail about these protests. also a representative has been on drivetime this evening.

    we are looking for other villages, suburbs, and towns to follow suit.

    what we have been doing is marching behins 2 banners, “fermoy/ballyhea says no” one at the front of the march and one at the back (for traffic to see). Afterwards we go to the park for a picnic.

    if political parties want to join the may do so, but we are non affiliated and their banners are not welcome.

    every sunday.
    please join or or better still start your own.
    http://www.youtube.com/watch?v=JJuZIgp6XrE

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