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Central Bank governor Patrick Honohan yesterday: “Permanent debt relief is not something that can be offered to all”. Photograph: Dave Meehan Real risk to homes in arrears, says Honohan

Central banker urges financial institutions to tackle ‘non-performing mortgage debt’

Apple chief executive Tim Cook, centre, appears before a Senate investigations subcommittee hearing on offshore profit shifting. Photograph: Jason Reed/Reuters Global clampdown on multinational tax avoidance could get nasty

Given the importance of the sector to the Irish economy, the Government needs to be proactive in facing down threats

A container ship sits berthed at Dublin port. Traffic figures released today suggest feed imports linked to the fodder crisis helped to mask further decline in port traffic. Photograph: Aidan Crawley/Bloomberg. Fodder crisis helps to mask falling shipping volumes

Statistics suggest Irish exports to long-haul markets down in first quarter

Taoiseach Enda Kenny and Italy’s Prime Minister Enrico Letta listen to European Commission President Jose Manuel Barroso during a European Union leaders summit in Brussels today. Photograph: REUTERS/Francois Lenoir EU leaders pledge to curb tax avoidance

Taoiseach says Ireland does not do special deals on tax

Tax policy under the spotlight

Banking system remains greatest risk to economy

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

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

Latest Economy

Central Bank governor Patrick Honohan yesterday: “Permanent debt relief is not something that can be offered to all”. Photograph: Dave Meehan Real risk to homes in arrears, says Honohan
Apple chief executive Tim Cook, centre, appears before a Senate investigations subcommittee hearing on offshore profit shifting. Photograph: Jason Reed/Reuters Global clampdown on multinational tax avoidance could get nasty
European Commissioner for Internal Market and Services Michel Barnier: “We need more responsible companies.” Photograph: John Thys/AFP/Getty Images EU moves to crack down on tax avoidance
Ajai Chopra: said the euro zone’s bailout fund should not be used to deal with “legacy” banking debts. Photograph: Dave Meehan Banking union is essential, says IMF official
Time to get into Africa?
A file photograph of US jobseekers standing in line to meet with prospective employers at a career fair in New York City. Photograph: Mike Segar/Files/Reuters. New claims for US unemployment benefits fall