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, […]

ECB plans more stress tests to ward off bank crises

The ECB plans to use further stress tests as part of its effort to ward off any future banking crises in the eurozone, a high-level official said yesterday. The ECB directly supervises the eurozone’s 123 largest lenders, while smaller banks […]

Eurozone manufacturing growth slows but prices rise

Eurozone manufacturing growth eased in April but factories raised prices for the first time in eight months, according to a survey that also showed headcount rose at the fastest pace in nearly four years. Any signs of inflationary pressure will […]

Bank of Ireland ups SME loan approvals by 24%

Bank of Ireland has said it is seeing strong signs of growth in the retail, agri, motor, and property sectors after noting a 12% increase in new credit applications during the first quarter of this year. New figures from the […]

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