Financial Services - International Economic Slump

Rina Davis

Money is one of the most powerful elements that dictate the way people live. It's so dynamic that it has become a life pursuit for many to completely understand just how much influence it has on society. Having a lot could mean everything from being particularly greedy to having an extensive range of opportunities to make a positive difference in the lives of a lot of people. If you don't have any, you're branded poor or someone who has impressively transcended the material clutch of the world. The bottom line is, the absolute power of money will always be a complete mystery and the only thing people can do is to manage what they have the best way they can.

Apparently, with the catastrophic effects of the recent global economic slump, many people did not implement strong money management strategies. Nowadays, perhaps due to the fear of "losing it all" once global economic threats start gaining power again, many are turning to financial institutions for the best advice on a wide range of money matters or financial services. Money management coaches acknowledge this demand as a positive change because people, even the ones who are considered business experts, are already playing it smart; they're reaching out to professionals who can provide a valuable perspective regarding all types of financial issues. From credit card debt management, property investments, money-generating strategies, loans, and so much more - many are now more inclined to seek the assistance or guidance of financial institutions first before making a decision that will directly impact their financial resources.

A good discussion would be the Irish economy. Demand for the debt was stronger than expected, with the Irish government initially expecting to net only €2 Billion at a yield of 3.45%. 13% of the bonds were purchased by domestic investors, with 87% being snapped up by international investors, according to the NMTA. The overseas investors were mainly from the UK (35.6%), Nordic countries (12.4%), France (9.5%), and Germany (7.2%). "The bond raise was a significant development for the Irish economy, as the country was only first able to raise capital for the first time since the November 2010 bailout through a bond exchange last summer." Says Hamed Mokhtar.

The yield of the 2017 bond dipped 4 basis points to 3.22 %, down from the 5.72 % yield when the issue started trading last July, according to Bloomberg data. Finance Minister Michael Noonan said the success of the bond issue represented international recognition of progress but that it reinforced the case for helping the state to reduce the burden of bank debt assumed as part of the 2010 bailout deal. He hopes that nation will return to regular monthly bond auctions sometime this year.

Nation's 0.2 per cent quarterly expansion was only bested by Germany among the big European economies in the third quarter last year - showing that the country's economic performance not only outpaced all other economies of the Eurozone's periphery, but many of its core economies as well. "This economic performance has regained the confidence of international investors and is ahead of schedule in reaching its economic targets for the year." Says Hamed Mokhtar

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