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- Euro zone private sector slumps furtherThu, May 24, 2012The euro zone's private sector has sunk further into the doldrums this month as new orders shrivel, forcing firms to run down backlogs and slash workforces, key business surveys showed today.
- British economy shrinks in first quarterThu, May 24, 2012The British economy shrank more than first thought between January and March, after the deepest fall in construction output in three years, while government spending made the biggest contribution to growth, official data showed today.
- €4.56bn in zero-rate German bonds soldThu, May 24, 2012GERMANY SOLD €4.56 billion of bonds carrying a 0 per cent coupon yesterday, its first sale of debt offering investors no regular return and underscoring its safe-haven appeal at a time of turmoil in the euro currency zone.
- Greek euro exit would be 'manageable'Wed, May 23, 2012The impact of a Greek exit from the euro zone would be substantial but "manageable", Germany's Bundesbank said today, raising pressure on Athens to keep its painful economic reforms on track.
- Spain 'can learn' from IrelandWed, May 23, 2012Spain could learn lessons from Ireland’s handling of its banking crisis, according to economic consultant Peter Bacon, the architect of the National Assets Management Agency.
- OECD warns on euro crisis spilloverWed, May 23, 2012GLOBAL RECOVERY could be derailed by the euro crisis, the Organisation for Economic Co-operation and Development (OECD) warned yesterday.
- Cure lies in faster adjusting to crisis
Wed, May 23, 2012 ECONOMIC COMMENT: I SYMPATHISE with the Germans. This is not because I agree with their prevailing view of how the crisis occurred or what to do about it. - 4.3% pay deal for German metal and motor workersTue, May 22, 2012German metalworkers have been granted their biggest wage rise in 20 years, setting the stage for similar deals in other sectors.
- Noonan 'hopeful' of crisis resolutionMon, May 21, 2012There have been hopeful signs in the last 48 hours that world leaders were moving towards a resolution of the European situation, Minister for Finance Michael Noonan said today.
- G8 growth team win in austerity v stimulus debate
Mon, May 21, 2012“OUR IMPERATIVE is to promote growth and jobs,” began the final statement by the leaders of eight of the world’s richest countries at the G8 summit at Camp David. - Noonan critical of Greek stanceMon, May 21, 2012IRELAND AND Portugal have attacked Greece for “stoking up the fire” in the euro zone with its consistent failure to adhere to austerity measures.
- Merkel proposed Greek vote on EUMon, May 21, 2012GERMANY HAS conceded that Chancellor Angela Merkel sounded out the Greek president on holding a referendum on EU membership on the same day as Greece’s general election next month.
- Lessons to remember as we rebuild our economyMon, May 21, 2012 INNOVATION TALK: ‘ECONOMIC PROGRESS, in capitalistic society, means turmoil,’ stated the Austrian-Hungarian economist Joseph Schumpeter in his Capitalism, Socialism and Democracy, first published in 1942.
- Ireland 'may need' second bailoutFri, May 18, 2012Ireland's bailed-out banks may need as much as €4 billion more loan loss provisions than assumed in stress tests last year, which could "tip the balance in favor" of the country requiring a second aid program, Deutsche Bank said in a report today.
- Merkel comments on Greek euro membership deniedFri, May 18, 2012A Greek-German row broke out this evening after Greece's government spokesman said chancellor
Angela Merkel raised the idea of Athens holding a referendum about its euro zone membership next month, which Berlin vehemently denied. - Greek exit would be costly
Fri, May 18, 2012FEW KNOW HOW to navigate through complex negotiations between governments and financial institutions better than Charles Dallara. - Spain's borrowing costs move higherThu, May 17, 2012Spain's borrowing costs shot up at a bond auction today, after economic data confirmed the country is back in recession and reports that nationalised Bankia SA had suffered an outflow of deposits hammered its share price.
- ECB stops lending to some Greek banks to limit riskThu, May 17, 2012THE EUROPEAN Central Bank said it would temporarily stop lending to some Greek banks to limit its risk as president Mario Draghi signalled the ECB would not compromise on key principles to keep Greece in the euro area.
- Bank of England governor says Euro zone 'tearing itself apart'Thu, May 17, 2012THE EURO ZONE is “tearing itself apart without any obvious solution” emerging for the problems in the single currency, the governor of the Bank of England, Mervyn King, has said, as he warned that the crisis is hitting the UK’s own economy.
- More sign on in North but jobless rate falls to 6.7%Thu, May 17, 2012The number of people in Northern Ireland who signed on to receive jobless benefits jumped by 700 last month to stand at 62,500, according to latest official figures.
