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ECB February meeting: coverage of potential Irish deal announcement and reaction


Sync

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So this should be fun.

Market's are jittery, they're not sure what, if anything will be announced today. The Q&A with Draghi afterwards will, as always, be the real fun part.

Our economists suggest that Mr Draghi will probably soften the overall tone at the press conference, signalling that easing options are still available if needed,” Vassili Serebriakov, strategist at BNP Paribas, said in a research note.
From our point of view, we'll want to see the answers given in relation to the Anglo wrapup and the liklihood of a deal. Affirmation on these 2 items should see our fortunes taking an upward swing in the markets, and the climb of the currency. There's also the possibility of an update on Spain's situation.

The webcast will be broadcast here: ECB: Webcasts: ECB monetary policy decisions

Remember, if you only watch ONE monthly ECB meeting this February, make it this one.
 


Astral Peaks

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Sync

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Astral Peaks

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As a lead in, Mark Carney (incoming Bank Of England boss) is doing a press conference. Coverage here: Eurozone crisis live: Incoming Bank governor Mark Carney faces MPs | Business | guardian.co.uk

There's a disturbing focus on his housing allowance, daughters etc from the questioners as opposed to silly stuff like "What do you think the UK should do to stave off a triple dip recission?"
Has he any unallocated speeding penalty points from 10 years ago?

An anxious nation needs to know.....
 

cabledude

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So this should be fun.

Market's are jittery, they're not sure what, if anything will be announced today. The Q&A with Draghi afterwards will, as always, be the real fun part.



From our point of view, we'll want to see the answers given in relation to the Anglo wrapup and the liklihood of a deal. Affirmation on these 2 items should see our fortunes taking an upward swing in the markets, and the climb of the currency. There's also the possibility of an update on Spain's situation.

The webcast will be broadcast here: ECB: Webcasts: ECB monetary policy decisions

Remember, if you only watch ONE monthly ECB meeting this February, make it this one.
When this conference is done and dusted will we know what interest rate will apply to the new NAMA bond? That's where this game is at....

What time in the afternoon will the conference be broadcast?
 

Astral Peaks

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When this conference is done and dusted will we know what interest rate will apply to the new NAMA bond? That's where this game is at....

What time in the afternoon will the conference be broadcast?
13.30 GMT, I believe?
 

powderfinger

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So this should be fun.

Market's are jittery, they're not sure what, if anything will be announced today. The Q&A with Draghi afterwards will, as always, be the real fun part.



From our point of view, we'll want to see the answers given in relation to the Anglo wrapup and the liklihood of a deal. Affirmation on these 2 items should see our fortunes taking an upward swing in the markets, and the climb of the currency. There's also the possibility of an update on Spain's situation.

The webcast will be broadcast here: ECB: Webcasts: ECB monetary policy decisions

Remember, if you only watch ONE monthly ECB meeting this February, make it this one.
The second one on February 21st could be worth tuning into also.
 

Astral Peaks

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AP it's also being broadcast live on RTE during an extended lunchtime news.
My God!!

But RTE didn't feel the need to cover any of last night's debate and emergency legislation live?

Mr Bakhurst was most emphatic.

Kevin Bakhurst News on RTE at 9, 11.25, 11.40, full debate when it starts on RTENews now.RTEPT tomorrow when we can discuss events not speculate
 

Sync

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At least they had excellent radio coverage of the evening. As opposed to Newstalk's...nothing.
 

james5001

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My God!!

But RTE didn't feel the need to cover any of last night's debate and emergency legislation live?

Mr Bakhurst was most emphatic.

Kevin Bakhurst News on RTE at 9, 11.25, 11.40, full debate when it starts on RTENews now.RTEPT tomorrow when we can discuss events not speculate
They did cover some of it.
 

cabledude

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They did cover some of it.
TV3 left wiped the floor with RTE last evening. Vinny B came on around 10:30pm and stayed on until 01:30 am. They only finished up because there was no new news emerging. Contrast this with RTE. A joke.
 

Sync

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Multiple sources calling that a deal has been done and will be discussed in this meeting:

ECB, Ireland reach bank debt deal - source | Reuters

"A deal is done," the source said, while declining to give details. ECB President Mario Draghi was due to comment on the deal during a news conference in Frankfurt at 1330 GMT.

The agreement comes a day after Dublin rushed through emergency laws to liquidate Anglo Irish. In the broader plan, the government was hoping to be allowed to pay off the debts of state-owned Anglo over a longer period, easing public finances.

That means it would avoid having to pay a politically toxic 3.1 billion euros a year until 2023 to service the note it issued to underwrite failed Anglo during a meltdown of the main Irish lenders after a real estate bubble burst in 2008.
Big press conference from Mario coming up!
 

ruserious

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Why are the ECB so afraid of precedent? We won't find an answer in yesterday's waters as we sail in uncharted ones.
 

Mitsui2

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RTE radio's really pushing the boat out on this one - they're cutting 15 minutes off Liveline! :roll:
 

Astral Peaks

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Megan Greene@economistmegNot much has changed since last night. Everyone still completely confused over whether there is a prom note deal and what it actually means.
 

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