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Greece is set to distribute €1.4 billion as a social dividend to pensioners and others hit hard by its austerity programmes

Greece to give €1.4 billion to those hit by austerity

Greece will distribute €1.4 billion as a social dividend to pensioners and others hit hard by the country's austerity programmes, Prime Minister Alexis Tsipras has said.

Business • 14 Nov 17

President Michael D Higgins gave the keynote address at the opening of the conference

Huge social cost over sovereign debt - President

President Michael D Higgins has spoken about the high social cost of the austerity measures introduced in Ireland to tackle the banking crisis and manage sovereign debt, during a speech at the United Nations in Geneva.

News • 23 Nov 15

Former Greek Finance Minister Yanis Varoufakis said Ireland had not suffered the same level of austerity as Greece had

Ireland 'acted like model prisoner' for Troika

The former Greek Finance Minister has said the Irish Government's approach to the Troika was akin to the way a model prisoner would operate.

News • 05 Nov 15

The Greek prime minister stormed to power in January on promises to cancel austerity

Greece may be open to compromise over its policies

Greece's government is confident of reaching a deal with its creditors this week and is open to pushing back parts of its anti-austerity programme to make that happen.

News • 30 May 15

Just under 60% of respondents said 'austerity has gone too far'

Austerity factor in water charge protests - survey

A survey of water charge protesters has found that austerity was the single biggest reason for taking part.

News • 21 Apr 15

IMF's Christine Lagarde says Greece needs to reduce its fiscal deficit

Greece must implement structural reforms - Lagarde

Greece needs to implement structural reforms, International Monetary Fund Managing Director Christine Lagarde said today.

Business • 16 Mar 15

The sixth review of Cyprus' bailout programme has been postponed until January

IMF holds back Cyprus rescue cash

The International Monetary Fund held back €86m in bailout funds for Cyprus today after the island's parliament delayed a vote on foreclosure legislation demanded by lenders.

Business • 19 Dec 14

The review said the IMF was premature in endorsing fiscal consolidation in large, advanced economies

IMF's review criticises its austerity push

An internal International Monetary Fund review of its actions during the financial crisis released today has criticised its push for fiscal austerity in troubled countries, dubbing it premature.

Business • 04 Nov 14

The ESRI study examined the effect of Budgets between 2009 and 2013 on men and women

Study finds women worst affected by austerity

Research by the ESRI and the Equality Authority has found that women have been worst affected by austerity measures over the past four years.

News • 03 Oct 14

Greek unemployment drops to 26.6% in Q2

Greece's jobless rate dropped to 26.6% in the second quarter compared with 27.8% in the first three months of this year.

Business • 18 Sep 14

Goodbody predicts average GDP growth will be above 3% over the next three years - 3.5% this year, 3.6% in 2015 and 3.4% in 2016

Goodbody says no new austerity measures needed

Goodbody Stockbrokers have said that no new austerity measures will be required in the next budget for the Government to hit its deficit target of less than 3% of GDP.

Business • 20 Aug 14

International lenders have demanded austerity measures in Greece

State workers strike in Greece over job cuts

Greek doctors, prison staff and other state workers went on strike this morning to protest against public sector job cuts imposed as part of the country's €240bn international bailout.

News • 09 Jul 14

Mr Kenny said if the economy continues to grow and strengthen any flexibility will of course be shown

Taoiseach says tax reduction a Government priority

The Taoiseach has said that a reduction in tax is a priority of government but guarantees regarding the budget cannot be given at this stage.

News • 12 May 14

George Osborne says UK economy is recovering faster than forecast

UK had "borrowed too much and saved too little"

British finance minister George Osborne has promised tax relief for households, a cap on welfare, help for savers and manufacturers, and lower costs for bingo and beer as the government prepares for elections.

Business • 19 Mar 14

The report says austerity measures have had a greater effect on the most vulnerable

'Austerity policies' hitting most vulnerable

The number out of work for over 12 months has quadrupled in the past five years, according to a report by 30 national organisations combating poverty and inequality.

News • 26 Feb 14

Spain has gone from being 'a burden for Europe to a motor', Prime Minister says

Spanish PM sees growth of 1% in 2014

Spain will raise its economic growth forecast for 2014 to 1% and sees growth picking up to 1.5% in 2015, Prime Minister Mariano Rajoy said.

Business • 25 Feb 14

Professor Ashoka Mody said Ireland's growth over the last 12 months has been disappointing

Ireland needs 'new jolt of growth' - Mody

The former head of the IMF mission to Ireland has said he believes there needs to be a pullback from austerity.

News • 25 Sep 13

Greek teachers announced a series of strikes starting protest against job transfers and lay offs

Greek public sector workers stage 48-hour strike

Greek public sector workers went on strike for the second time in a week.

News • 24 Sep 13

Wolfgang Schaeuble predicts third aid package for Greece

Greece will need third aid deal - Schaeuble

Germany's finance minister admitted for the first time today that Greece would need a third aid package.

Business • 20 Aug 13

Austerity warning as Central Bank cuts economic growth forecast

Central Bank warns on easing austerity

The Central Bank has warned the Government not to ease up on austerity in the Budget.

Business • 26 Jul 13

Eamon Gilmore said the Government will decide how the promissory note deal savings are used

IMF distances itself from austerity comments

The International Monetary Fund has distanced itself from comments made by the former IMF chief of mission to Ireland suggesting Ireland should reconsider its approach to austerity.

News • 22 Jul 13

Ashoka Mody (R) said the Government should consider suspending or at least lowering Ireland's planned cuts

Ex-IMF mission chief wants less Irish austerity

A former senior official of the International Monetary Fund has said that Ireland should consider greatly reducing policies of austerity.

News • 21 Jul 13

Portugal's president appeals for political consensus after a row over austerity measures split the coalition government

Portuguese leaders seeking economic consensus

Portugal's main political parties say they are ready to negotiate a joint economic strategy that aims to spare the country a second international bailout.

Business • 12 Jul 13

ESRI Research Professor John FitzGerald said Ireland is on a knife edge

ESRI urges full €3.1 billion Budget adjustment

The Economic and Social Research Institute has recommended the Government press ahead with a full budget adjustment of €3.1 billion.

News • 10 Jul 13

Pedro Passos Coelho addressed the nation from his official residence at Sao Bento palace in Lisbon

Portuguese prime minister 'won't resign'

Portugal's prime minister has said he will not resign despite the resignations of two key members of his cabinet in a row over austerity policies.

News • 03 Jul 13