By Seán Whelan, Economics Correspondent Michael Martin has just made an important speech staking out radically new policy territory for Fianna Fáil on Europe, Britain and Ireland. In it he says: – The economic crisis is so deep the EU … Continue reading →
By Economics Correspondent Sean Whelan Few in Ireland have really taken GDP to be a serious measure of the Irish economy, because of the very large impact that the activities of foreign owned multinationals have on the numbers. GNP has always … Continue reading →
By Sean Whelan, Economics Correspondent Will the Irish banks need more capital? Yes they will, says the governor of the Central Bank, Patrick Honohan. He is sure because the new Basel 3 international banking rules change the classification of what … Continue reading →
By Sean Whelan, Economics Correspondent So it looks like Matthew Elderfield is off to Lloyds Bank in London. There is certainly a big job to be done in repairing the regulatory side there, if the recent UK Houses of Parliament … Continue reading →
By Sean Whelan, Economics Correspondent “The Commission does not believe that cutbacks are the solution to Europe’s challenges. But, yes, sound public finances are an essential part of sustainable growth”. – Jose Manuel Barroso, Friends of Europe Roundtable, October 2011 … Continue reading →
By Seán Whelan Economics Correspondent The good news from Olivier Blanchard, the chief economist of the IMF and main author of its World Economic Outlook, is that only ten advanced countries have such big debt and deficit problems that they … Continue reading →
by Seán Whelan, Economics Correspondent. Michael Noonan invited the Brussels-based economic think tank Bruegel to contribute a thought provoking paper to the ECOFIN meeting in Dublin Castle last Friday on Europe’s growth problem. Director Jean Pisani-Ferry and economist Zsolt Darvas … Continue reading →
by Economics Correspondent Seán Whelan Dublin Castle is the venue for this week’s meeting of EU Finance and Economics Ministers, along with Commissioners Olli Rehn and Michel Barnier, and the governors of the euro zone’s central banks. Fresh from … Continue reading →
By Seán Whelan Economics Correspondent With all the comment – some bordering on the hysterical – about Department of Finance boss John Moran’s answers to questions on mortgage repossessions at the Public Accounts Committee last week, I thought it … Continue reading →
By Sean Whelan, Economics Correspondent In the usual way of Brussels stories, a local political win has hogged the headlines, obscuring another story of great consequence. Yesterday’s nod of approval by the ECOFIN council for the Troika to look at … Continue reading →