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Greece says ready to make IMF payment

Greece will repay a €450m loan tranche to the IMF today, seeking to quell fears of default after a flurry of contradictory statements on the issue in recent weeks. Greece is fast running out of cash and its euro zone […]

Mortgage proposal ‘manifestly unthought out’

A proposed State-backed mortgage solution that would see county councils pay a portion of a borrower’s repayments directly to the lender has been described as “manifestly unthought out”. New Beginning co-founder Ross Maguire said the plan would “on first glance, […]

Foreign buyers snap up Irish government bonds

More than €2bn worth of Irish government bonds were snapped up in February with foreign investors becoming increasingly interested in the State securities. The total value of outstanding government bonds stood at €122.13bn in February, with those held by non-residents […]

Enough is enough as we’re already over-taxed

She is looking at a number of car options, but all cost about €15,000. Assuming she wants to do this from hard-won savings, that sum implies she had to earn over €30,000 at marginal tax rates to produce the needed […]

Eurozone business grows at fastest rate for a year

Price discounting drove growth in all of the eurozone’s major economies in March, helping business activity increase at its fastest rate for nearly a year, a survey showed yesterday. New orders came in at their fastest rate since May 2011 […]

Eurozone business grows at fastest rate for a year Wednesday, April 08, 2015By Jonathan Cable Price discounting drove g

Price discounting drove growth in all of the eurozone’s major economies in March, helping business activity increase at its fastest rate for nearly a year, a survey showed yesterday. New orders came in at their fastest rate since May 2011 […]

€10bn saved on national debt repayments

Current forecasts are likely to see close to €4bn in savings achieved during 2015, which will bring the total reduction in repayments over the €10bn mark. Restructured repayment agreements with the IMF, EU, and ECB — including the deal on […]

Global currency reserves decline

The decade-long surge in foreign currency reserves held by the world’s central banks is coming to an end. Global reserves declined to $11.6trn (€10.52trn) in March from a record $12.03trn last August, halting a five-fold increase that began in 2004, […]

Survey puts spotlight on income loss fears

Almost 50% of self-employed workers would see their business close within a year if they were unable to work due to illness or injury, a new survey estimates. Research by Royal London on self-employed financial brokers throughout the country showed […]

Double-digit Irish house price increases unlikely

House prices grew by almost 5% nationally in the first quarter of the year, but a return to spiralling double-digit hikes appears remote thanks to the introduction of new Central Bank mortgage lending restrictions. The price rise seen across the […]

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