Despite the swooning over French economist Thomas Piketty, little of his analysis and conclusions on income inequality actually apply to Ireland. (Photograph: Ed Alcock/The New York Times)

Preconceived notions about income distribution don’t take into account the facts

It is surely not beyond the wit of Brussels to devise policies that boost regional capital spending while keeping a lid on the more fiscally irresponsible ambitions of local politicians. Photograph: Reuters

Lack of appetite to bolster Europe’s frail recovery astonishing

IMF managing director Christine Lagarde. The organisation is about to downgrade its economic forecasts for global growth this year

“Savers either have an irrational belief in what will happen next or a heroic cheerfulness that things will turn out OK”

To argue that we need to be “another Canary Wharf”, displays both poverty of imagination and a lack of understanding of the businesses that are based in London’s docklands. Photograph: Jason Alden/Bloomberg

This week we were told we need to copy the development experience of Canary Wharf

 European Commission vice president in charge of the digital agenda, Dutch Neelie Kroes,  has driven the most recent tariff reductions. Photograph: Olivier Hoslet/EPA

Nonetheless Brussels bureaucrats should be commended for their stance against phone companies

Economist Thomas Piketty speaking at the recent Tasc conference in Dublin. Photograph: Aidan Crawley

Opinion: Thomas Piketty’s proposals could effectively abolish capitalism

The European politicians gather in Paris for an informal meeting with French president Francois Hoillande (centre).

Many hedge funds have lost small fortunes betting on the inevitability of European change

Minister for Finance Michael Noonan’s budget package will carry much more political than economic significance. Photograph: David Sleator/The Irish Times

Budget 2015 is already attracting headlines

The risk is  the ECB will be unable to deliver a German inflation rate sufficient to offset deflation in the periphery such that the overall inflation target is achieved.

If all recessions have unique features, so do recoveries

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