Minister for Finance Michael Noonan: As some of the power has seeped back to Dublin, the transition has elicited another form of instability: narrow sectional interests flex their muscles for the first time in what seems an age

The way in which we formulate and implement fiscal policy is not fit for purpose. The run-up to each budget has become a lobbyist’s paradise; politica(...)

Photograph from 2010 showing Olli Rehn with then minister for finance Brian Lenihan, who he described today as a ‘great colleague’  who ‘was a very committed to the cause of Ireland and trying to save the Irish economy’. Photograph: Eric Luke/The Irish Times

Former European commissioner Olli Rehn has said he would “consider seriously” appearing before the forthcoming banking inquiry if he is asked to do so(...)

Ms Emily O Reilly: ‘I see it as potentially a transformative office, that can give real realityto the buzzwords everybody trots out – transparency, accountability and so on.’ Photograph: Cyril Byrne

Emily O’Reilly opens the door to her second-floor office in the European quarter in Brussels. “Would you like a coffee?” she says in her signature (...)

Joe Higgins TD called for amendment on what the inquiry will cover and had it accepted. Photograph: Eric Luke

The Dáil and Seanad are expected to debate the finalised terms of reference for the banking inquiry next month after the 11-member committee signed o(...)

European Ombudsman  Emily O’Reilly: “To my mind. there is a principle of transparency... Records should be released unless harm is going to be done.” Photograph: Eric Luke

European Ombudsman Emily O’Reilly has reiterated her criticism of the European Central Bank for failing to publish a letter sent by Jean-Claude Tric(...)

As president of the European Central Bank from 2003 to 2011, Jean-Claude Trichet played a central role in the Irish bailout. Photograph: Hannelore Foerster/Bloomberg

The Governing Council of the European Central Bank will discuss the question of Jean-Claude Trichet’s appearance before the Irish banking inquiry i(...)

A trader looks at screens at a bank in Lisbon . Photograph: Hugo Correia/Reuters

Bubble spotting is a favourite activity of market commentators. A real estate bubble is thought to be popping in China and another property bubble is (...)

Jean-Claude Trichet, former president of the European Central Bank, has refused to attend the planned Oireachtas banking inquiry

The refusal of former head of the European Central Bank Jean-Claude Trichet to attend the planned Oireachtas banking inquiry has been described as “ar(...)

European Central Bank president Mario Draghi (above) and his predecessor, Jean Claude Trichet, were, in 2006, advisers to the International Accounting Standards Board, the architects behind the accounting rules that determine how European banks account for non-performing loans. Photographer: Ralph Orlowski/Bloomberg

The International Monetary Fund’s Global Financial Stability (...)

European Central Bank president Mario Draghi is taking aim at the euro. In his strongest words yet on the currency’s advance to its highest lev(...)