Business  
/
 
Economy  
/
 
Ireland
Banking system remains greatest risk to economy

Rising number of bad loans is one of the main challenges says Central Bank Report

Apple CEO Timothy Cook is sworn in before testifying to the Senate Homeland Security and Governmental Affairs Committee’s Investigations Subcommittee about the company’s offshore profit shifting and tax avoidance in the Dirksen Senate Office Building on Capitol Hill yesterday. Photograph: Chip Somodevilla/Getty Images Ireland does not do special deals on tax - Kenny

Kenny travels to Brussels as Ireland labelled a tax haven at US Senate hearing

Half of property market professionals and experts surveyed say residential proprty prices will fall in 2013. Photo: Alan Betson Experts believe property prices will fall in 2013

Over three years most experts expect prices to recover modestly

Pictured at the Tullow Oil plc Dubin Shareholders Meeting are Aidan Heavey (right), Chief Executive Officer, and Graham Martin, General Counsel and Company Secretary. Photo: Mark Stedman/Photocall Ireland Tullow Oil criticises exploration tax regime in Republic

Low take-up of offshore licensing reflects risks involved in drilling off Irish coast

The report by the Brussels-based Bruegal thinktank argues that in hindsight Greek sovereign debt should have been written down at the outset Ireland’s EU-IMF bailout has been a success, says thinktank report

Ireland’s bailout has been a success, Portugal’s a “potential” success and Greece’s a failure

In Ireland, as in most European countries, the banking system is the most important conduit for channelling money from savers to investors. If the most important part of the financial system is impaired, under-investment follows, leading in turn to sub-par economic growth Too little credit or too few entrepreneurs?

Lack of lending is hindering recovery but debate on attitudes to enterprise is needed

Hope amid uncertainty

In the first three months of the year exports of chemical and pharmaceutical products fell by more than 11 per cent on the same period in 2012 Exports subdued but strengthen for second consecutive month

Chemical and pharmaceutical exports continue to suffer

American Chamber of Commerce president Peter Keegan: “Untold damage to our international reputation could result if we enter into a summer of discontent has warned. Photograph: Cyril Byrne American Chamber warns industrial unrest could damage Ireland’s international reputation

Peter Keegan says many don’t understand role reputation plays in attracting FDI

The trade surplus widened in March, but quarterly figures showed a year on year decline. Trade surplus rises in March

But quarterly figures less positive as exports show year on year decline

David Duffy, Research Officer, ESRI , at the presentation of the ESRI Quarterly Economic Commentary, in Dublin. Economy to perform better than forecasts, says ESRI

Growth set to reach 1.8 per cent this year and 2.7 per cent in 2014, predicts report

ESRI research officer David Duffy at the presentation of the institute’s ‘Quarterly Economic Commentary’ in Dublin yesterday. Photograph: Eric Luke ESRI says promissory note deal to save €1bn

Cost of IBRC liquidation to lead to increase in spending this year

David Duffy, ESRI’s research officer at the presentation of the Quarterly Economic Commentary in Dublin yesterday. Photograph: Eric Luke Banks still squeezing credit to small and medium businesses

One in nine SMEs were either refused a loan or did not apply in the first place, ESRI finds

Participants in the anti-austerity march in Dublin in February organised by the Irish Congress of Trade Unions. Photographer: Dara Mac Dónaill Growth is key to ending vicious circle of austerity
  • Ireland
  • Tom Healy
  • May 16, 2013, 02:00

Opinion: The task is to reduce the deficit over time without harming recovery or causing long-term social damage

Limited access to credit has become an ever greater impediment for small and medium-sized companies, according to new research published yesterday Firms in ever greater need of credit

Minister for Finance Michael Noonan with Eurogroup president Jeroen Dijsselbloem (left) and EU commissioner Olli Rehn in Brussels yesterday. Photograph: AP Michael Noonan to ‘consider’ ECB bond scheme

Minister suggests Ireland may avail of the ECB’s outright monetary transactions facility before it exits bailout

Those aged under 45 bore brunt of recession

Research has shown that only nine per cent of publicly listed companies in Ireland have at least one female board member Cantillon: Harty International MD says gender quotas aren’t the way to go

The factors that have led to such a high level of inequality must also be considered

Latest Economy

Half of property market professionals and experts surveyed say residential proprty prices will fall in 2013. Photo: Alan Betson Experts believe property prices will fall in 2013
Banking system remains greatest risk to economy
The ECB is concerned that banks are not lending to smaller businesses in the euro zone periphery. Photograph: Bloomberg ECB ‘can only do so much to help SMEs’
Martin Weale, a member of the Bank of England’s nine-strong Monetary Policy Committee, said policymakers should tread carefully over flexibility in newly reworded mandate to help growth. Photo credit should read: Yui Mok/PA Wire BoE ‘must tread carefully’ with inflation approach
Lightning from a tornadic thunderstorm passing over Clearwater, Kansas, strikes at an open field last Sunday. “Data on the burning of fossil fuels since the mid-18th century show a consistent rise in annual emissions of carbon dioxide.” Photograph: Reuters Eight ways to tackle climate change
More US consumers gave a favorable view of their personal finances than in anytime since 2007. US consumer sentiment near six-year peak