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Rising negative sentiment drives savings index lower

Rising negative sentiment towards savings drove the national savings index lower in April. The Nationwide UK (Ireland)/ESRI Savings Index which measures overall sentiment towards saving, fell to 114 last month. The sub-index measuring the proportion of people who consider it […]

Greece repays €750m early

Greece repaid €750m to the IMF a day early, just as eurozone finance ministers sounded upbeat on negotiations to complete changes to the country’s bailout programme. A suggestion from the Greek Prime Minister, Alexis Tsipras, that he may hold a […]

“Father of the euro” Lamfalussy dies at 86

Economist Alexandre Lamfalussy, one of the founding fathers of the European single currency, died on Saturday at the age of 86, Belgian media reported on Monday. No other details were immediately available. Lamfalussy, who left his native Hungary after World […]

Merkel pressed to give up on Greece

German chancellor Angela Merkel is coming under growing pressure from within the ranks of her own party bloc to give up on Greece for the sake of the euro. Members of Merkel’s Christian Democratic bloc are openly challenging her stance […]

Irish household debt burden ‘remains huge’

Senior debt advisers have warned that households continue to face paying down intolerable debt burdens despite new official figures showing that overall personal debt levels had fallen to a 10-year low. The total sum of the country’s household debt stood […]

Job security ‘drives’ Irish consumer demand

Job security rather than workers’ salaries or disposable income has a far greater impact on consumer demand and retail rents, a report has found. Research from the ESRI and Savills Ireland shows the degree of certainty workers feel they have […]

Arbitration proposals for trade deal

Proposals for an arbitration system in the EU-US trade deal under negotiation have been well received by most EU countries including Ireland, Germany and France. Negotiations on this investor state dispute mechanism have been frozen for the past few months […]

Production output up 45% in March

Ireland’s manufacturing industries showed strong growth in March — according to new CSO data — with production levels rising nearly 3% in the month and by as much as 45.5% on a year-on-year basis. The monthly increase was driven by […]

Services growth slow but optimism at 14-month high

The latest data on the health of the services sector has revealed a strange coincidence with growth slowing to a 14-month low at the same time as optimism crept up to the highest levels seen in the same period. Investec’s […]

Eurozone businesses make strong start to Q2

Eurozone businesses started the second quarter with healthy growth as a buoyant order book again encouraged them to hire more, a survey showed. Any sign that the bloc’s recovery is gaining traction will be welcomed by the European Central Bank, […]

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