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Ireland sees sharpest industrial output fall in Europe

Ireland’s first annual decline in industrial production, recorded in May, was the sharpest fall in industrial production recorded in any European country in that month, according to new data. The figures from the European Union’s statistics agency, Eurostat, show that […]

Permanent TSB forced to offer customers compensation following mortgage failures including home loss

Permanent TSB has agreed to offer a compensation package to over 1,000 customer accounts regarding a “serious failure” over mishandled mortgages. Two main issues were identified.

Ibec says EU fiscal rules could undermine economic recovery

Employers’ group Ibec has said European Union fiscal rules could undermine the recovery in the economy, because they severely restrict investment spending by governments. It says the Government should seek more flexibility from Brussels on how the rules are applied. […]

House prices increase in June but rate of growth slows, new figures

Residential property prices increased nationally by 10.7pc in the year to June, new figures from the Central Statistics Office. This compares with an increase of 13.8pc in May and an increase of 12.5pc in the twelve months to June 2014. […]

Europe braces itself for a revolutionary Leftist backlash after Greece

These were the words of European council president Donald Tusk, 48 hours after Greece’s paymasters imposed the most punishing bail-out measures ever forced on a debtor nation in the eurozone’s 15-year history. A former Polish prime minister and a politician […]

Eurozone economy on recovery path

While the recent uncertainty in relation to Greece has generated much negative newsflows for the eurozone, the underlying macro data indicate that the eurozone economy is on an improving trajectory, writes John Fahy. The economy maintained its improved pace of […]

Irish bonds benefit from calm aftermath of Greek storm

Taking stock after a month of crisis, analysts said yesterday that most European bond yields, including Ireland’s, have weathered well as fears about the Greek exit abated, while the euro has weakened against sterling as the UK interest rates rise […]

Greek banks ordered to reopen

The Greek government has ordered banks to open today, three weeks after they were shut down to prevent the system collapsing under a flood of withdrawals, as prime minister Alexis Tsipras looks to the start of new bailout talks next […]

Micro firms tax credit could create 80,000 jobs

A targeted tax credit for firms employing fewer than 10 people could create 80,000 new jobs at no net cost to the exchequer and reduce the current unemployment rate to 6%. In its pre-budget submission, Dublin Chamber called on the […]

EU raises fears on water, drug spending

The Government must ensure there is enough funding to rebuild the country’s water supply network and will miss its target to cut the national drugs expenditure, the EU said. In a post-bailout report on Ireland, the EU said the Government […]

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