BBC Business - Peston's Picks
News and Topical Debate from the BBC's Robert Peston
What losses for lenders to Irish banks?
There is, as I've written here many times, a powerful moral case for imposing some of the costs of rescuing Ireland on those banks and financial institutions which fuelled Irish banks' reckless lending binge by lending to them (see my post from September).
But there are also powerful practical arguments why to do so might turn a calamity into financial disaster, for Ireland and for the eurozone.
Why the Treasury won't illuminate 2010 bank pay
Over a 10-year period, the share price performance of Britain's banks has been appalling (in the case of Royal Bank of Scotland and Lloyds/HBOS) or lousy (Barclays and HSBC).
Over the same period (you probably won't need reminding) the remuneration of top bankers has soared, both for those who run the banks and for their star traders and advisers; the early part of this millennium was the period when the multi-million pound bonus package proliferated and became entrenched into the system.
As for dividends, after the crash of 2008 banks either eliminated them (RBS, Lloyds, Barclays) or slashed them (HSBC).
So it's been a great time to work for a bank, and simply the worst time to own shares in a bank. Which would...
How much capital do Ireland's banks really need?
There's a funding crisis in the eurozone, inflation in China and anaemic growth in the US.
That's a pretty lethal combination when it comes to investors' appetite for risk.
Or to put it another way, there are reasons to believe that a global recovery in the price of shares and riskier assets may have come to an end - and it is far from easy to predict when it will resume.
As for the minuscule but potent nexus of this turmoil, the Irish financial crisis, the news overnight isn't good.
The ratings agency S&P has downgraded Irish sovereign debt by a couple of notches - which is yet another blow to the price of Irish government debt and the ability of the state to fund itself.
There will be many who...
The financial truth hurts Ireland
European governments hoped that their unambiguous signal on Sunday night of their intention to provide around £75bn of rescue loans to Ireland would calm investors - and stop the fall in the price of debt of the more financially challenged eurozone states.
It hasn't happened.
Irish government bond prices fell sharply today, to levels almost as low as at the height of the recent crisis - which would mean that the Irish government would have to pay a prohibitive 8.4 per cent rate on a ten-year loan, if investors were prepared to lend to it, which they're probably not.
And there was contagion to the debt of a much bigger economy, Spain, whose bonds also dropped - such that the gap between what the Spanish...