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 […]

European Central Bank in trouble rolling out quantitative easing

The amount of bonds eligible for the ECB to buy under its quantitative-easing programme is poised to shrink as the purchases risk pushing more yields below zero, according to Societe Generale. The ECB, led by president Mario Draghi, began buying […]

Fee cap for paying on credit card

The cost of paying with plastic will be cut throughout the EU after European Parliament members voted overwhelmingly to cap their fees. The agreement comes following a long-running battle with the main card companies that have a near monopoly and […]

ECB steps up buying government bonds

Eurozone government bonds with longer maturities surged yesterday as the region’s central banks bought sovereign debt for a second day, pushing yields closer to those on shorter-dated notes. Euro-system central banks were said to have purchased securities, including German five-year […]

Consumer sentiment weakens in February – KBC/ESRI

There was a slight weakening in consumer sentiment in February, according to the latest consumer sentiment index from KBC Bank Ireland and the ESRI. The index hit a nine year high in January so a decline from those levels was […]

Irish yields at record low as QE begins

Irish borrowing costs on the bond markets fell to fresh lows yesterday as the European Central Bank (ECB) began to implement quantitative easing. With its first purchase of government bonds under its enhanced stimulus plan, the ECB showed its willing […]

Tentative signs of life in eurozone economy

The latest eurozone GDP data show that the economy expanded by 0.3% in the fourth quarter of 2014. For the full year 2014, the eurozone economy grew by a very modest 0.9%. However, this did represent an improvement compared to […]

European banks’ profitability gap shows big cost cuts needed – study

Europe’s banks need to cut costs by a fifth and simultaneously grow revenues by 15pc just to get their profitability to match their cost of capital, a study by professional services firm EY said. European banks’ return on equity (RoE), […]

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