Blog Posts by David Murphy

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The price of using gold as a safe haven

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By Business Editor David Murphy During the acute phase of Ireland’s financial crisis many people wondered if it was possible that the country would leave the euro. It would be an exaggeration to say the financial problems are now fixed … Continue reading

Despite bailout exit, Ireland still not out of the woods

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By Business Editor David Murphy Ordinary Irish people won’t notice the slightest difference between life before and after the bailout. Banking problems persist, unemployment is still high and the economy is sluggish. Conditions are improving. But it is far too … Continue reading

Europe’s plan to fix troubled banks is far from flawless

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By Business Editor David Murphy The Irish taxpayer has already paid vast sums to fix the banks – so it can be easy to be cynical about Europe’s plans to deal with the next banking crisis, whenever that might occur. … Continue reading

What’s negative about rising property prices?

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By Business Editor David Murphy The surge in Dublin property prices is making some people feel uncomfortable. They fear it could lead to cheerleading about the market. After all, it was that glorification of unsustainable prices which partly caused Ireland’s … Continue reading

Building a bridge for the pensions gulf

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By Business Editor David Murphy When Governments create new taxes they tend to be reluctant to abolish them. So it was not surprising when it was announced that the Pensions Levy would continue to harvest capital in 2014 and 2015, … Continue reading

ECB wanted Ireland to take credit line, but Kenny decided to go it alone

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  by Business Editor David Murphy The biggest question regarding Taoiseach Enda Kenny’s announcement that Ireland is exiting the bailout without a credit line is whether it was the right thing to do. The ECB last week said it would … Continue reading

Danske Bank delivers another blow to Irish banking sector

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by Business Editor David Murphy So another banking operation in Ireland has pulled the plug in the space of a week. Danske Bank Ireland is closing its personal and business banking only days after ACC announced it was handing back … Continue reading

Government has changed direction on savings

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  By Business Editor David Murphy Funny what a difference a dozen years can make. In 2001, former Finance Minister Charlie McCreevy introduced SSIA savings accounts in which the Government contributed €1 for every €4 from depositors. In those days … Continue reading

Budget 2014′s universal truth

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By Business Editor David Murphy There is one striking feature about the Budget – universal benefits are back in vogue. The problem with universal benefits is that they are paid to people regardless of their income. Since Ireland entered the … Continue reading

Tourism VAT – the case for and against a tax hike

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By Business Editor David Murphy It is almost certain that Finance Minister Michael Noonan will increase VAT on restaurants and hotels in next week’s Budget. His original plan was to temporarily reduce the tax from 13.5% to 9% from July … Continue reading

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