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Germans want Irish tax reform in return for deal on IMF loans

In a debate in the Bundestag, German parliamentarians praised Ireland for sticking to the bailout programme, while demanding that we use the €2bn that will be saved over the next seven years to slash debt rather than financing tax cuts. […]

German exports plunge by largest amount in five-and-a-half years

The Federal Statistics Office said late-falling summer vacations in some German states had contributed to the fall in both exports and imports, but the figures still painted a gloomy picture for Germany following steep drops in industrial orders and output […]

Mortgages: Central bank lending crackdown will spark mortgage rush

Mortgage and property experts say a stampede of buyers is set to result from new Central Bank rules due to come in next January. The rules mean it will be standard for buyers to need a 20pc deposit before getting […]

European shares fall on gloomy global economic news

The pan-European FTSEurofirst 300 index of blue-chip shares was down 0.4 percent at 1,324.71 at 0811 GMT, touching its lowest levels since mid-August. Asian and U.S. shares fell overnight after the IMF cut global growth forecasts and German industrial production […]

ECB launches bond-buying in bid to kick-start lending

The move comes despite misgivings in Germany and elsewhere. After cutting interest rates last month to what it said was “the lower bound”, the ECB left its main refinancing rate at 0.05pc yesterday. President Mario Draghi said the ECB would […]

New business up to its highest level in eight years – Investec

Employment in the sector also grew for the 25th month in a row, according to the Investec Purchasing Managers’ Index (PMI). The index, which covers businesses from banks to hotels, rose to 62.5 in September from 62.4 in August. The […]

Economy to surge by 5.3pc this year, Goodbody says

Ireland will be by far the best performing Eurozone economy as the recovery here broadens and strengthens. according to Goodbody chief economist Dermot O’Leary. Growth will be 5.3pc this year and 4pc in 2015, he said in a new report. […]

Nama pooling 100s of small debtors’ loans ahead of sales

Under the plan the loans of dozens of unrelated debtors will be bundled together into portfolios by Nama managers and sold as combined lots. Yesterday the agency put €600m of Irish property assets including Facebook’s Dublin headquarters, shopping centres, hotels […]

Firms will borrow more as economy picks up – ESRI

Research from the Economic and Social Research Institute to be published today says that following recent deleveraging which has occurred in the economy, credit demand over the coming years will grow in line with GDP growth and that the share […]

Germany targets €20bn investment in offshore wind capacity

British investment firm Laidlaw Capital bought its second German offshore wind park project two weeks ago, following a similar landmark acquisition by Canadian energy group Northland Power. Chancellor Angela Merkel’s government has made offshore wind a priority in the country’s […]

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