By Business Editor David Murphy Gerry Adamsâ€™s infamous expression about the IRA that â€śthey havenâ€™t gone away you knowâ€ť is a fitting description for the role of the Troika after Ireland leaves the bailout. The spectacle of suited economists clutching … Continue reading
By Business Editor David Murphy They say history repeats itself for those who weren’t watching the first time. Thus there is a lesson to be learned from the larger-than-expected number of people who registered for the Local Property Tax by … Continue reading
By Business Editor David Murphy On my desk is a computer with a Google search engine (European HQ, Dublin) and Microsoft software (European HQ, Dublin). Beside my PC is an Apple iPhone (European HQ, Cork). My desk happens to be … Continue reading
By Business Editor David Murphy Enda Kenny and Michael Noonan are getting ready for their lap of honour when Ireland exits the EU/IMF bailout. But there is still one unresolved issue – it is becoming clearer that banks will need … Continue reading
by Business Editor David Murphy Critics have argued Europe has been making up the answers to the banking crisis as it went along in an amateurish fashion. The evidence to back up that criticism is getting stronger by the … Continue reading
By Business Editor David Murphy Bank of Ireland chief executive Richie Boucher is on collision course with the Central Bank over mortgage arrears. The issue revolves around his bankâ€™s treatment of customers who are being offered split mortgages.
On the surface there may be reasons to be optimistic that Xtra-vision can survive in some form. But dig deeper and the future looks bleak. The stores are remaining open while the search begins for a buyer. The receiver says … Continue reading
By Business Editor David Murphy Householders will have to pay water bills in future. It is not entirely clear when that will happen. But the big question is whether they will be paying for an efficient well-run service? A draft … Continue reading
by Business Editor David Murphy Later this month the Department of Finance will update its forecasts for the Irish economy. Economic forecasts matter; yet they are frequently wrong and fail to predict important developments.
by Business Editor David Murphy The revised Cypriot bailout is startling. Not only does it aim to sort out the banking mess, it also intends to extinguish part of the Cypriot economy and replace it with something else; but what? … Continue reading