Updated 6:24 pm, April 23, 2013

Category Archives: Uncategorized

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The End of Austerity?

Posted on by Seán Whelan

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

Householders facing hot water?

Posted on by David Murphy

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

The Gang of Ten

Posted on by Seán Whelan

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

Lessons from Dublin EcoFin meeting (Part 1)

Posted on by Seán Whelan

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

EcoFin comes to town

Posted on by Seán Whelan

  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

Oops. They missed. Economic forecasts for Ireland 2002 – 2011

Posted on by David Murphy

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.

Cypriot bailout 2.0: Don’t underestimate the impact

Posted on by David Murphy

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

What the Cypriot chaos means for Ireland

Posted on by David Murphy

by Business Editor David Murphy On the surface, the Cyprus bailout may have seemed relatively straightforward. The island originally requested aid in 2011, and it was intended to be a small rescue. Yet the Cypriot aftershock now risks undoing all … Continue reading

Elderfield produces the big stick

Posted on by David Murphy

by Business Editor David Murphy The Central Bank’s deputy governor Matthew Elderfield appears to be strong-arming the banks into cutting deals with some over stretched borrowers. The lenders don’t want to admit that is what is happening, but judging from … Continue reading

Repo Man

Posted on by Seán Whelan

  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

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