By Economics Correspondent Sean Whelan Next year the Government will spend a shade over €70bn. It will have an income of €65bn. So it has to borrow another €5bn to plug the gap. Indeed the Government is borrowing more than … Continue reading
By Sean Whelan, Economics Correspondent The most important thing about this Budget is that it marks the end of the adjustments – a year earlier than planned. The White Paper published on Friday night shows that the Government can easily … Continue reading
By Economics Correspondent Sean Whelan Is the Central Bank selling down its stock of Anglo Bonds faster than required? If it is, what bonds is it selling? And most importantly of all, will it cost us or save us money?
By Economics Correspondent Sean Whelan The IMF has just released its latest Financial Access Survey, which looks at people’s access to banking services. This year it includes data from some countries on mobile banking services such as telephone or internet … Continue reading
By Sean Whelan, Economics Correspondent ADDENDUM Since we posted this blog Micheal Collins of NERI has posted a response to some of the issued raised here and elsewhere (see the IrishEconomy.ie thread especially). It’s worth including all of it here, … Continue reading
By Economics Correspondent Sean Whelan The Brussels Economic Forum was on earlier this week: I was there hoping to hear ideas on how to refloat the European economy. Meanwhile across the road, the European Commission opened a new front on … Continue reading
By Sean Whelan, Economics Correspondent An interesting new economic indicator has been released by KBC Bank and Chartered Accountants Ireland. It’s a Business Sentiment Index, of the sort that several other countries have, but – until now – Ireland has … Continue reading
By Sean Whelan, Economics Correspondent “ My officials constantly model and examine potential options for changes to the tax system for my consideration as part of the overall Budget package”, said Michael Noonan in a written reply to Sinn Féin … Continue reading
By Economics Correspondent Sean Whelan Sometimes it really is amazing how people only hear what they want to hear. Last week’s ESRI quarterly commentary is a case in point.
The latest IMF Global Financial Stability Report contains a substantial item on distressed bank loans in the Euro Area. It comes to the conclusion that “without significant policy efforts to address the burden of nonperforming loans, some economies may … Continue reading