Economic growth must be backed by balance and respect

A powerful and positive dynamic is underway in the economy. It offers the prospect of improving conditions for employees and citizens across the State but must be considered against the backdrop of our experience through the great global financial crisis […]

Euro prices remain stable

A sharp fall in the price of fuel and heating oil pulled down consumer prices in the eurozone as expected in February, but core inflation, which excludes the volatile energy component, edged higher, Eurostat data showed yesterday. Eurostat, the EU’s […]

Thousands to protest against austerity at ECB HQ

Thousands of people are expected to march in Frankfurt on Wednesday to protest against austerity policies they blame on the European Central Bank, as the ECB inaugurates its new high-rise headquarters. The gathering follows protests in Cyprus outside a meeting […]

Report missed scale of bank losses

A report on the health of the Irish banking system — commissioned by the financial regulator in 2008 and relied upon by taoiseach Brian Cowen to justify the bank guarantee — drastically underestimated the extent of losses that would be […]

Ireland to be ‘top earner’ from quantitive easing

Ireland stands to benefit more than any other nation from the ECB’s €1.1 trillion policy of quantitative easing, with hundreds of millions of euro potentially flowing through the economy by next year as a result. The country will be a […]

Mortgage drawdowns jump 48pc in 2014 to more than 22,000

The number of mortgages drawn down rose 48pc in 2014, to more than 22,000, according to a new report by the Banking and Payments Federation Ireland (BPFI). BPFI economist Ali Ugur said there will need to be pick-up in home […]

Eurozone recovery is reversible, warns ECB

European Central Bank executive board member Benoit Coeure cautioned that the region’s economic recovery is reversible and needs to be used as an opportunity by governments to boost growth potential. “Be careful, the recovery is cyclical and led by low […]

Ireland’s GDP growth fastest in EU

Ireland’s economic growth rate surged to a post-crisis high of 4.8% last year, the fastest rate in the EU, as data confirmed a stunning recovery from the devastating 2008 property crash. After two years of near stagnation, higher exports and […]

GDP growth of 4.8% makes Ireland fastest growing EU economy

The economy grew by 4.8% of GDP last year – the fastest growing economy in the European Union, according to preliminary figures from the Central Statistics Office. GNP – which strips out the effect of multinational companies – grew by […]

Financial services ‘has potential to create 10,000 jobs’

The financial services sector has the potential to create up to 10,000 jobs over the next five years, according to a major strategy document released by the Government. The ‘IFS 2020 — a Strategy for Ireland’s International Financial Services Sector […]

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