An elderly lady arranges ruble banknotes as she shops for fresh groceries at the Sennoy street market in Saint Petersburg.

A sharp economic contraction now looms in Russia

Minister for Public Expenditure Brendan Howlin: his department indicated that a further allocation of €62 million needed to meet other additional spending. Photograph: Dara Mac Dónaill

Revised estimates show changes in water charging causing €85m increase

Craig Beaumont, IMF mission chief to Ireland, approved publication of the report. Photograph: David Sleator

Paper argues that forbearance is good for consumption but allows debts to build

Dublin housing. “Most people would agree that supply is the major issue as far as the housing market is presently concerned”

Central Bank says Dublin house prices gaining at rate close to pre-crash peak

‘Peter Nyberg is scheduled to appear today (Wednesday) only for three hours. In question, therefore, is whether a hearing of limited duration can provide a meaningful, comprehensive assessment of the situation in all its dimensions and the gaps in public knowledge.’ Above, Nyberg with his own report on   banking. Photograph: Bryan O’Brien / THE IRISH TIMES

‘The inquiry deals with the single greatest crisis to confront the State since the second World War’

In a submission to the Central Bank’s consultation on proposed mortgage restrictions, the ESRI said it was not clear that new loan-to-value and loan-to-income caps were “fully warranted” in current market conditions. Photograph: Yui Mok/PA Wire

Think tank says restricting mortgage lending could curtail housing supply

Protestors gathered in their thousands to protest the water charges at Merrion Square  Dublin. Photograph: Brenda Fitzsimons

Borrowing costs continue to fall despite the surge in support for anti-establishment forces

Michael Noonan, Minister for Finance: the ESRI report said households with the top 10 per cent of incomes will gain from Budget 2015. Photograph: Alan Betson/The Irish Times

Budgets since crash hit those without jobs while Budget 2015 favoured high earners

Annualised growth came in at 3.5% in the third quarter. Photograph: Eric Luke / The Irish Times

No ‘dramatic heroics’ but Irish economy still stronger than rest of euro zone

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