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Dan O'Brien Profile picture
Dan O'Brien
@danobrien20
Chief economist, Institute of International and European Affairs, senior fellow at UCD; conference speaker/presenter. https://t.co/saKV3o9GRu
Jan 31, 2019 • 4 tweets • 2 min read
1) Thread
Ireland has become Europe's most educated country - the share of 25-64 year olds with a third level qualification is close to half and higher than any of the other EU 27 members.
Today's column discusses.
independent.ie/opinion/commen… 2) The wide access to educational opportunity reflects a meritocratic society.
Sep 8, 2018 • 10 tweets • 4 min read
IREXIT THREAD
1) A new party is being established with the main or even sole objective of withdrawing Ireland from the EU. Report here
rte.ie/news/politics/… 2) I personally think Irexit would be an extremely bad idea, and have set out the reasons why a number of times. The first column linked here is from mid 2015 and the second from a few months the Brexit referendum.
independent.ie/opinion/column…
independent.ie/opinion/column…
May 29, 2018 • 6 tweets • 2 min read
As the euro crisis re-erupts, a short thread on why it was always much more than a "sovereign debt crisis".
Eurozone banks (first chart) and "non-monetary" financial institutions (eg insurors) had more bonds outstanding in 2010 (€8.6 trillion) than all governments (€6trn). Since then, the eurozone bank bond market has shrunk (from €5.5trn to €4.1trn), as banks have leveraged, while the 19 governments outstanding bonds (chart) is up to €8trn.
Because banks hold much of this, their balance sheets they can't survive a sovereign default (eg Greece).