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#Irish Economy

# irish-economy - Wednesday 15 December, 2010

Samaritans reports increase in calls as Christmas approaches
# Samaritans
# Samaritans

Samaritans reports increase in calls as Christmas approaches

Dec 15th 2010, 4:26 PM 300 Views 0 Comments

The economic crisis is having a terrible impact on the public’s emotional wellbeing, Samaritans says, as calls increase.

New government must reject bailout deal, says financier Soros
# Soros
# Soros

New government must reject bailout deal, says financier Soros

Dec 15th 2010, 9:51 AM 797 Views 0 Comments

George Soros says the world’s markets have priced in a renegotiation – and that the new government must seek one.

# irish-economy - Tuesday 14 December, 2010

Ireland's economy will shrink again in 2011, says E&Y
# Irish Economy
# Irish Economy

Ireland's economy will shrink again in 2011, says E&Y

Dec 14th 2010, 11:05 AM 821 Views 0 Comments

Ernst & Young says GDP will fall by 2.3% next year, with unemployment growing – but there’s other forecasts for Celtic Tiger 2.

Poll: Would you rather keep your money in a safe?
# Your Say
# Your Say

Poll: Would you rather keep your money in a safe?

Dec 14th 2010, 9:11 AM 581 Views 0 Comments

Sales of safes have rocketed over fears about the banking sector… would you rather keep your cash locked up at home?

US embassy thought Ireland was losing grip on banks - WikiLeaks
# Bank Guarantee
# Bank Guarantee

US embassy thought Ireland was losing grip on banks - WikiLeaks

Dec 14th 2010, 8:09 AM 655 Views 0 Comments

The latest cables: Ireland was “being a bit optimistic” on its thoughts about how it would rein in the banking sector.

# irish-economy - Monday 13 December, 2010

ECB bought €2.7bn of bonds last week alone
# Bond Markets
# Bond Markets

ECB bought €2.7bn of bonds last week alone

Dec 13th 2010, 3:56 PM 233 Views 0 Comments

So much for winding down the controversial bond-buying scheme… Frankfurt may have been the only buyer last week.

# irish-economy - Wednesday 8 December, 2010

Budget 2011: Bumper payday for self-employed high earners
# Budget11
# Budget11

Budget 2011: Bumper payday for self-employed high earners

Dec 8th 2010, 6:14 PM 2,192 Views 0 Comments

Self-employed single people earning over €200,150 a year will be better off in 2011, thanks to generous reform of the PRSI system.

# irish-economy - Monday 6 December, 2010

AIB subordinated bondholders threaten to sue government
# AIB
# AIB

AIB subordinated bondholders threaten to sue government

Dec 6th 2010, 9:38 AM 619 Views 0 Comments

Angry bondholders met on Friday to discuss the prospect of court action if they’re asked to take a second haircut.

# irish-economy - Friday 3 December, 2010

Cold snap costs businesses €7m a day
# Employment
# Employment

Cold snap costs businesses €7m a day

Dec 3rd 2010, 3:57 PM 325 Views 0 Comments

If every employee leaves work 15 minutes early, companies lose 49,300 days of work, according to the Small Firms Association.

# irish-economy - Thursday 2 December, 2010

Traders say ECB buying bonds, despite Trichet silence
# Bond Markets
# Bond Markets

Traders say ECB buying bonds, despite Trichet silence

Dec 2nd 2010, 3:14 PM 318 Views 0 Comments

The European Central Bank makes no mention of stepping up its buying – but insiders reckon they’re back at it.

# irish-economy - Wednesday 1 December, 2010

Has the contagion been stopped? EU bond yields dive
# Debt Crisis
# Debt Crisis

Has the contagion been stopped? EU bond yields dive

Dec 1st 2010, 12:58 PM 358 Views 0 Comments

The costs of borrowing for Portugal, Italy and Spain has fallen, easing some fear about the Eurozone debt crisis.

# irish-economy - Tuesday 30 November, 2010

MEPs argue over Ireland's corporate tax rate
# Corporation Tax
# Corporation Tax

MEPs argue over Ireland's corporate tax rate

Nov 30th 2010, 6:30 PM 541 Views 0 Comments

Group of MEPs are pushing for Ireland to double the rate to 25%. Gay Mitchell calls on fellow MEPs to show sensitivity to a country facing serious cutbacks.

Consumer confidence stays near 17-month low
# Irish Economy
# Irish Economy

Consumer confidence stays near 17-month low

Nov 30th 2010, 3:16 PM 204 Views 0 Comments

Consumers are slightly more confident this month than last, but still worryingly low ahead of an austere budget.

# irish-economy - Monday 29 November, 2010

Europe halves projections of Ireland's growth rate
# Irish Economy
# Irish Economy

Europe halves projections of Ireland's growth rate

Nov 29th 2010, 4:36 PM 369 Views 0 Comments

The four year plan last week said Ireland would have economic growth of 1.75% next year. Europe says: 0.9%.

# irish-economy - Thursday 25 November, 2010

Bailout fund will be increased if needed - German bank chief
# Bailout
# Bailout

Bailout fund will be increased if needed - German bank chief

Nov 25th 2010, 10:53 AM 215 Views 0 Comments

Axel Weber – the head of Germany’s central bank – says Europe’s bailout fund won’t run out: it’ll just be made bigger.

# irish-economy - Wednesday 24 November, 2010

MEPs table motion demanding 25% Irish corporate tax
# Corporation Tax
# Corporation Tax

MEPs table motion demanding 25% Irish corporate tax

Nov 24th 2010, 6:14 PM 1,049 Views 4 Comments

A group of MEPs from Green and Socialist groupings propose a motion hoping to double the 12.5% tax rate.

Trade Unions slam minimum wage cut and tax hikes
# Four Year Plan
# Four Year Plan

Trade Unions slam minimum wage cut and tax hikes

Nov 24th 2010, 4:18 PM 586 Views 0 Comments

The Mandate trade union blasts the “double whammy” of cutting wages for the worst off, while also taxing them.

Will Ireland be better off after the Four Year Plan?
# Your Say
# Your Say

Will Ireland be better off after the Four Year Plan?

Nov 24th 2010, 3:54 PM 1,074 Views 0 Comments

The government’s budgetary strategy will either set the country straight, or cripple economic development. Which is it?

Four year plan includes tax hikes, VAT increase and huge spending cuts
# Four Year Plan
# Four Year Plan

Four year plan includes tax hikes, VAT increase and huge spending cuts

Nov 24th 2010, 3:47 PM 6,405 Views 0 Comments

The four year plan is here – and it’s not going to be pretty. Social welfare will be savaged, with big income tax hikes.

Why the Irish budget plan has no chance of working
# Four Year Plan
# Four Year Plan

Why the Irish budget plan has no chance of working

Nov 24th 2010, 3:38 PM 30 Views 2 Comments

Business Insider’s Joe Wiesenthal isn’t impressed – cutting that much couldn’t possibly grow the economy…

# irish-economy - Sunday 21 November, 2010

Lenihan confirms Ireland will apply for bailout
# Bailout
# Bailout

Lenihan confirms Ireland will apply for bailout

Nov 21st 2010, 1:46 PM 953 Views 0 Comments

The Minister for Finance has confirmed today that Ireland will seek international help to deal with the economic crisis.

# irish-economy - Saturday 20 November, 2010

Bailout: €50bn for banks, and €50bn more for state
# Bailout Republic?
# Bailout Republic?

Bailout: €50bn for banks, and €50bn more for state

Nov 20th 2010, 7:59 AM 334 Views 0 Comments

Insiders tell the foreign press that the bailout being considered for the banks is €50bn, with more for the state if needed.

# irish-economy - Friday 19 November, 2010

Take 5: Friday
# Take 5
# Take 5

Take 5: Friday

Nov 19th 2010, 5:05 PM 598 Views 1 Comment

5 minutes, 5 stories, 5 o’clock.

Irish exporting sector continues to boom
# Trade
# Trade

Irish exporting sector continues to boom

Nov 19th 2010, 3:22 PM 433 Views 0 Comments

The trade surplus – the amount by which Ireland’s exports exceed its imports – grew in September.

# irish-economy - Thursday 18 November, 2010

Lenihan admits: Ireland's banks need foreign assistance
# Bailout Republic?
# Bailout Republic?

Lenihan admits: Ireland's banks need foreign assistance

Nov 18th 2010, 9:35 PM 641 Views 0 Comments

The Minister for Finance all but admits that a bailout is needed, saying the banking sector urgently needs funding.

Cameron refuses to rule out helping Irish bailout
# Bailout Republic?
# Bailout Republic?

Cameron refuses to rule out helping Irish bailout

Nov 18th 2010, 3:22 PM 483 Views 0 Comments

Ireland “is one of our largest export markets”, says the UK prime minister – “We have got an interest.”

# irish-economy - Tuesday 16 November, 2010

EU to tell Ireland: Take a bailout today
# Bailout Republic?
# Bailout Republic?

EU to tell Ireland: Take a bailout today

Nov 16th 2010, 7:01 AM 672 Views 0 Comments

The world’s press is sure of it: everywhere the government turns, it’s told to accept an international handout.

# irish-economy - Monday 15 November, 2010

Take 5: Monday
# Take 5
# Take 5

Take 5: Monday

Nov 15th 2010, 4:56 PM 901 Views 0 Comments

5 minutes, 5 stories, 5 o’clock.

Breathing room for Ireland as bonds fall under 8%
# Bailout Republic?
# Bailout Republic?

Breathing room for Ireland as bonds fall under 8%

Nov 15th 2010, 4:00 PM 188 Views 0 Comments

For the first time in a week, the cost of Irish borrowing falls under the 8% barrier, while insuring against default also cheapens.

Spanish bank chief says Irish crisis 'unfounded'
# Bailout Republic?
# Bailout Republic?

Spanish bank chief says Irish crisis 'unfounded'

Nov 15th 2010, 3:25 PM 284 Views 0 Comments

Not only that, but all our fears will vanish when the government announces its budget plans, says Fernandez Ordonez.

# irish-economy - Wednesday 10 November, 2010

Honohan: Ireland's response to crisis is "exactly right"
# Bailout Republic?
# Bailout Republic?

Honohan: Ireland's response to crisis is "exactly right"

Nov 10th 2010, 7:05 PM 283 Views 0 Comments

The Central Bank governor says Ireland’s tactics have been perfect – and that the IMF, if needed, would change nothing.

# irish-economy - Tuesday 9 November, 2010

Take 5: Tuesday
# Take 5
# Take 5

Take 5: Tuesday

Nov 9th 2010, 4:54 PM 276 Views 0 Comments

5 minutes, 5 stories, 5 o’clock.

Rehn's parting message: "Europe stands by you"
# Olli Rehn
# Olli Rehn

Rehn's parting message: "Europe stands by you"

Nov 9th 2010, 4:31 PM 222 Views 1 Comment

The European economics commissioner affirms European support as Ireland begins the painful road to economic recovery.

Olli Rehn's speech: 'Reinforcing EU economic governance'
# Olli Rehn
# Olli Rehn

Olli Rehn's speech: 'Reinforcing EU economic governance'

Nov 9th 2010, 3:41 PM 453 Views 0 Comments

A full transcript of the speech given by European Commissioner Olli Rehn. Key word? ‘Imbalances’.

The key, devastating stat on Ireland's brewing underwater housing crisis
# Mortgages
# Mortgages

The key, devastating stat on Ireland's brewing underwater housing crisis

Nov 9th 2010, 3:16 PM 287 Views 0 Comments

The proportion of houses in negative equity keeps going up – and so did the level of interest-only mortgages…

You wait forever for some good economic news...
# Irish Economy
# Irish Economy

You wait forever for some good economic news...

Nov 9th 2010, 10:08 AM 29 Views 0 Comments

.. and then along comes 18 good headlines (and 1,200 jobs) all at once.

# irish-economy - Friday 5 November, 2010

Ulster Bank loses €201m between July and September
# Ulster Bank
# Ulster Bank

Ulster Bank loses €201m between July and September

Nov 5th 2010, 11:43 AM 279 Views 0 Comments

The Irish operations of the Royal Bank of Scotland report significant losses for the third quarter.

# irish-economy - Thursday 4 November, 2010

Bloodbath Budget: Government will seek €6 billion adjustments and foresees massive emigration

Bloodbath Budget: Government will seek €6 billion adjustments and foresees massive emigration

Nov 4th 2010, 4:48 PM 589 Views 0 Comments

€4.5bn in spending cuts and €1.5bn in new taxes coming your way – with 100,000 expected to leave Ireland before 2014.

# irish-economy - Wednesday 3 November, 2010

Irish-German bond spread surges past 5%
# Bailout Republic?
# Bailout Republic?

Irish-German bond spread surges past 5%

Nov 3rd 2010, 5:12 PM 307 Views 0 Comments

The price of government borrowing for Ireland is now over three times higher than it is for Germany.

Lenihan tells BBC we still have 'severe difficulties'
# Brian Lenihan
# Brian Lenihan

Lenihan tells BBC we still have 'severe difficulties'

Nov 3rd 2010, 4:50 PM 255 Views 0 Comments

The Finance Minister tells the British broadcaster that there’s good points and bad about the Irish economy.