“For every politician who says ‘my fiscal space is bigger than yours’, a rival is certain to say ‘that’s because you’re assuming no-one will grow old in the next few years’.” File photograph: Getty Images

The “fiscal space” is political shorthand for money the next government may have available for the purposes of tax cuts or spending increases. It’s (...)

The European Commission has revised Ireland’s minimum “medium-term objective”, providing more scope to cut tax or boost spending in that period. Photograph:  Francois Lenoir/Reuters

The European Commission has backed moves to grant Ireland up to €1.5 billion in additional “fiscal space” for new tax and spending measures in coming (...)

Taoiseach Enda Kenny: going to  Áras an Uachtaráin on Wednesday to set a date for the election. Photograph: Dara Mac Dónaill / The Irish Times

A solid set of tax returns for January means the exchequer is a pretty strong position as Taoiseach Enda Kenny goes to Áras an Uachtaráin on Wednesday(...)

The January figures suggest tax collection continues to run ahead of target, although the full profile of expected monthly receipts will not be published until later this week.

The final set of exchequer figures before the election points to strong tax returns in January after a Christmas uplift in the retail sector and a jum(...)

Paddy Power shares gained almost 4% in Dublin to close at €142.75 on the last day of trading before the merger

About €1 billion in Paddy Power stock changed hands yesterday as the bookmaker’s imminent €10 billion merger with Betfair spurred a “record” share auc(...)

Paddy Power’s merger with Betfair and their inclusion on the Morgan Stanley Composite Index spurred considerable buying interest in Dublin

Dublin was an exception – for company-specific reasons – as global markets started February trading in cautious mode after a rocky January. Major US a(...)

Minister for Finance Michael Noonan has been saying that the next government might have as much as €12 billion in the course of the next five years. In recent days, however, claims by the IFAC that only €3.2 billion might be available have been seized on by the opposition.

The Department of Finance has dismissed claims of a big discrepancy between its assessment of the funds available for tax cuts and spending increases (...)

The onset of the election campaign comes with 10-year Irish borrowing costs under 1 per cent, suggesting that Dublin is seen as a “semi-core” debt issuer with yields well below other euro zone crisis countries. Photograph: Kai Pfaffenbach/Reuters

International banks are turning their attention to the Irish election and directing investors to the uncertain outlook for the poll. Taoiseach Enda(...)

Jean-Claude Trichet: Three times he threatened to cut Ireland loose. Photograph: Eric Luke

Yet more controversy over the refusal of former European Central Bank chief Jean-Claude Trichet to permit losses on senior bank bonds obscures deeper (...)

Jean-Claude Trichet, former president of the European Central Bank (ECB), who led the ECB during Ireland’s bailout. On Thursday the ECB said it had always been transparent about its role in Ireland’s economic crash. Photographer: Chris Goodney/Bloomberg via Getty Images

The European Central Bank has claimed it had always been transparent about its role in Ireland’s economic crash. A report by the Oireachtas banking i(...)