Mortgage holders got a boost yesterday, when the European Central Bank cut interest rates to a record low of 0.05 per cent in an effort to kick-start the ailing euro zone economy. Photograph: Getty

Mortgage holders got a boost yesterday, when the European Central Bank cut interest rates to a record low of 0.05 per cent in an effort to kick-start (...)

The financial district of Pudong in Shanghai. “Foreign reserves being accumulated by China, Japan and many emerging economies have also slowed to a trickle. This is all very good news.” Photograph:  Carlos Barria/Reuters

Understandably, it is fashionable to be pessimistic. We have just lived through a financial and economic crisis that was, for some countries at least,(...)

Bundesbank deputy president Sabine Lautenschläger indicated the German central bank’s opposition to any European recapitalisation of Irish banks stemming from losses on property assets yesterday in Dublin.  Photograph: Sam Boal/Photocall Ireland

European finance ministers meet this evening in Brussels in an effort to hammer out agreement on bank resolution legislation ahead of tomorrow’s summi(...)

The Central Bank is to introduce its fitness and probity regime for credit unions this August with the initial phase to cover those with assets of mor(...)