Ireland told to cut deficit as Britain escapes sanction

Britain should get an extra two years to reduce its budget deficit, despite its failure to comply with a five-year-old decision to cut its government spending deficit. Ireland is among the states told to continue on its current path, reducing […]

ECB concerned about in-fighting in Greece

The ECB is increasingly concerned by a deteriorating relationship between the Greek government and the country’s central bank, according to sources, Recent government comments targeting the Bank of Greece have been noted at the Frankfurt-based ECB, which is responsible for […]

Only 10% of €70m renewable energy fund invested

Just 10% of the funding earmarked to help business transition to renewable energy has been invested in the last 12 months. The €70m National Energy Efficiency Fund (NEEF) was launched last May by then-energy minister Pat Rabbitte to act as […]

Irish banks ‘must improve their capital levels’

Irish banks need to further strengthen and improve their capital levels given the risk of contagion across the eurozone banking sector, which remains as underestimated as it was prior to the financial crash of 2008. New research has found that […]

Number of professional job openings at record level

The number of job opportunities for professionals reached a record level last month, as multinational and Irish employers stepped up recruitment in Dublin and other regions, according to a survey of top job vacancies. There were 13,445 job openings available […]

Financial firm scales down its operations

Financial services company IFG is to continue to reduce its involvement in the Irish insurance market as it focuses more so on its UK operations. The company says it continues to explore options to divest its interest in the Irish […]

Bank of England slow to raise interest rates

The Bank of England kept interest rates steady at a record low 0.5% yesterday, judging that the outlook for prices and wages is still too weak for it to raise the cost of borrowing despite solid growth prospects. The bank […]

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 […]

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