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Dublin: 1 °C Saturday 18 January, 2020


# optimism - Saturday 3 September, 2011

From The42 Trapattoni focuses on positives following Slovakia game Optimism

Trapattoni focuses on positives following Slovakia game

The Italian also indicates he is unlikely to consider playing James McCarthy for the team’s upcoming game with Russia.

# optimism - Sunday 21 August, 2011

Israeli stock exchange opens down 3 per cent - and closes positive

If the world’s markets move like the Tel Aviv Stock Exchange did today, it’ll be another few chaotic days for investors…

# optimism - Friday 5 August, 2011

Europeans feeling more optimistic than they were last year

Latest Eurobarometer survey shows that people are feeling more upbeat about taking control of the economic crisis – but the Irish are one of 13 nations who worry about the impact on jobs.

# optimism - Tuesday 26 July, 2011

From The42 Given sees Ireland's star potential Optimism

Given sees Ireland's star potential

Shay Given believes that he and Alex McLeish can help Stephen Ireland rekindle the sort of form that saw him named Manchester City’s Player of the Season in 2009.

# optimism - Saturday 26 February, 2011

Poll: Has Election 2011 left you feeling better about your country? Your Say This post contains a poll

Poll: Has Election 2011 left you feeling better about your country?

As the results roll in, are you on a high, or experiencing Post Traumatic Election Disorder?

# optimism - Saturday 4 December, 2010

Ireland's deficit will be largest in eurozone for 2010

Figures released by Department of Finance show forecasts for state income and expenditure in 2010 and 2011.

# optimism - Thursday 4 November, 2010

Ireland: Good for a holiday, and good for business

The Emerald Isle is popular both with readers of Frommers travel guidebooks and the World Bank.

# optimism - Wednesday 27 October, 2010

Euro rates boost Irish exports

Irish Exporters’ Association says exports for the third quarter were up almost 10% on last year’s figures.

# optimism - Thursday 19 August, 2010

AN ARTICLE IN US magazine Newsweek which nominated Brian Cowen as one of the world’s 10 most respected leaders has generated over 50 comments in under three days since it was published online.

The article praised Cowen for “prescribing harsh medicine” in the current tough economic climate.

It noted that the “Irish aren’t showing much gratitude”, which is clearly reflected in the comments:

Angie Colton responds to the article:
GRATITUDE? Did I read that right? Gratitude for what – squandering billions of tapayers’ money on bankers who would be in prison anywhere else, while we have essential services being cut? Unbelievable!!!!!!!!! Who allowed this idiot to write this rubbish? I thought Newsweek was a quality publication – it’s down there with the worst of the gutter press!

Digital Orchard simply writes:

Glad to see NEWSWEEK has a sense of humour

Donal Hayes summed it up sucinctly, saying:

Well, thats my Newsweek subscription canceled. Sweet Jesus on a raleigh.

Tadhg McGrath writes:

This guy should be on a wanted poster, not a best leader list. As former finance minister, he has to accept responsibility for the economic mess the country is in.

Paul Moloney says:

Crediting him because he’s giving “harsh medicine” is like crediting a useless drunken father because, after he’s pawned the furniture for beer, has decided to break open the children’s piggy banks to buy them dinner.

But it wasn’t all one-directional Brian-bashing, as a minority of commentators expressed their views that Ireland needs to get on with the job at hand – economic recovery.

Lisa Irwin writes:

Will people stop moaning. He’s doing what is needed.
I assume people here can remember this country before the celtic tiger.
Despite the economic troubles Ireland is still better off than it was in the 90′s.
The economy will recover.

Dermot Cullen says he’s not surprised about the reaction to the piece given Cowen’s approval rating, and comments:

I’m not a Fianna Fail’r but I believe he is making the right moves for Ireland. The international community also thinks this. Pity most Irish people are too pigheaded to see it.

The original article and accompanying comments can be found here.

A thread on echoed the responses given on the Newsweek site, with a more balanced division between those agreeing with the summary of Cowen’s position and those venting their anger.

Ads by Google writes:

It’s true though.. We’re getting some international praise for taking corrective action over a year earlier than most places. We can’t see it but we’d be more fooked without it.

Blue_Lagoon writes: NewsWEAK!

The Highwayman posts: Time magazine made Hitler ‘Man of the year’

# optimism - Wednesday 18 August, 2010

HE MAY NOT be popular at home, but he certainly seems to have the respect of his international peers.

Taoiseach Brian Cowen has made it in to Newsweek’s list of 10 most respected leaders. Newsweek has nicknamed Cowen “The Fiscal Taskmaster” and have praised him for “prescribing harsh medicine” in a tough economic climate.

The magazine praises the Cowen/Lenihan double-team. “They’ve pushed through austerity packages drastic enough to win the admiration of the international community, raised taxes, and slashed some public salaries by more than 10 percent”.

David Cameron tops the list, which also features Mohamed Nasheed, president of the Maldives, Nicolas Sarkozy of France and the Chinese Premier Wen Jiabao.

Newsweek also lists Ireland as the 17th best country to live. The list puts us ahead of Austria, Belgium, Spain, Italy and Portugal but below the UK, Germany, France and the US. Finland tops the lost. Ireland’s health is praised as seventh best in the world.

# optimism - Friday 30 July, 2010

THE CENTRAL BANK today announced good economic news. Amid the doom and gloom and bad weather the bank has raised its forecast for Ireland in its latest economic outlook. While April showed a 0.5% decline in GDP, the bank now believes there will be a 0.8% rise in GDP over 2010. The boost comes as a result of rising exports.

GDP, which is said to be a better indicator for Ireland, given the large number of foreign multinationals who repatriate their profits abroad, is predicted to decline by 1% in 2010, but the figure is lower than the 1.5% decline previously predicted by the bank.

However, it’s not all good news, as the bank said it believed employment growth was unlikely until the end of the year.

Predictions for 2011 remain bright, with growth of 2.8% in GDP predicted and 2.2% in GNP. The bank said said the figures were contingent on the government cutting the budget deficit, the implementation of the Croke Park agreement and the recovery of the banking sector.

The good news comes a day after a report was released suggesting an increase in consumer confidence.

THE RESULTS of the latest Consumer Confidence Monitor show that 22% of people surveyed this month believe the country will be better off.

The figure compares favourably to March when only 9% of people felt positive and November when the figure was just 8%.

Positivity has also reached people’s personal finances with over half of people saying they expected their income this year to be higher or the same as last years income. The survey also highlighted

11% of people expected their income to be higher in the coming year.

46% expected their pay to remain the same.

A small increase in the numbers who expected to buy more goods and services

58% of people feel the economy will be better off in the year ahead.

The survey of over 1,000 people by Behaviour and Attitudes shows that people in Dublin remain the most optimistic.

However the latest review from Retail Excellence Ireland says sales have declined by over 5% in June, up from 4.94 in May and 2.02 in April.

# optimism - Monday 19 July, 2010

IRELAND is once again becoming a favoured location for foreign direct investment (FDI) according to a new report by IBEC (Irish Business Employers Confederation).

IBEC say the reasons behind our resurgence among foreign multinationals, is due to the ease of doing business in Ireland and a well educated work force. IBEC also states that Ireland is ranked fourth in the world in terms of availability of skilled labour and openness to new ideas and that wages will fall by 9% between 2008 and 2011, all of which has helped to boost investment into Ireland.

IBEC’s Director of International Affairs Brendan Butler said: “The adjustments, while painful, were absolutely essential to protect the Irish economy. The focus over the past two years on increasing productivity and cutting costs has helped companies restore some of the competitiveness lost in the preceding years.

However, Michael Hennigan of Financial blog Finfacts says:  “What is termed a report, is more a marketing brochure listing positives and could have been produced by a public enterprise agency where focus is generally more on spin than facts.”

Last week the IDA said this was ‘one of the best years on record’ for foreign investment into Ireland.

It also said exports are being helped by improving international demand and the weakening of the euro. The news comes in the wake on negative news from ratings agency Moody’s, which downgraded Ireland’s credit-rating this morning.

# optimism - Tuesday 13 July, 2010

THE FIRST REPORT from the Credit Review Office (CRO) says that banks are not holding credit back from SMEs. Head of the CRO, John Trethowan, said that after two difficult recession years, many SMEs and farms had eroded their business capital leaving banks with diffiicult decisions on the level or risk they should assume.

Mr Trethowan said that there was evidence of a lack of experience among staff in banks who had to help SMEs to complete their loan applications, but he found no “policy or guideline” to suggest banks were withholding credit from these businesses.

Separately, BOI and AIB published plans proposing to lend €6 billion over the next two years to SMEs. The plans have been submitted to Brian Lenihan’s office as per NAMA requirements, and they have been reviewd by Mr Trethowan from the CRO.

The CRO was set up by Minister Brian Lenihan in March to check that the credit system is operating effectively for SMEs, including sole traders and farmers. Since its launch, the CRO website has had 2,650 visits from 2,029 different users.

TAOISEACH Brian Cowen is set to meet top US business leaders in New York this morning. Cowen is on a three day economic mission to the US. The Taoiseach will also meet New York Mayor, Michael Bloomberg.

Meanwhile, Vice President of the IDA in the US, John Conlon said this could be “one of the best years on record” for US investment into Ireland. Speaking on Morning Ireland Colon said “last year when things were going badly, a lot of the press coverage was very negative. The government has taken the right decisions.”

“Investment has continued, even last year when FDI (Foreign Direct Investment) was down 40% worldwide, investment in Ireland was only down 4%. So, even through the bad years we’ve continued to win substantial investments from some of the best companies in the world into Ireland.

Conlon continued, “when they come to Ireland we normally have a very good chance of winning the project. Site visits are up 40% this year, we’re continuing to attract some of the largest companies in the world to Ireland, to invest in Ireland.”

Yesterday the Taoiseach launched a €500m innovation fund.