Oireachtas Banking Inquiry: Reprt was not fit for purpose, according to many of the 11 committee members, who wanted to rip it up and start again.

“The real strength of the inquiry is its ability not just to look at one document in isolation but to draw together the different strands from various(...)

Brendan Howlin: Minister for Public Expenditure  denied it would be a waste of money if the inquiry could not report. ‘In many ways it was a pathfinder of a committee on how we go about Oireachtas inquiries,’ he said. Photograph: Eric Luke/The Irish Times

Members of the Oireachtas banking inquiry believe there is a strong chance the committee will fail to produce a final report. The committee will today(...)

Draft report of the banking inquiry described as “not fit for purpose”.

At weekends, Government buildings are usually as silent and deserted as the Overlook Hotel in the film The Shining. But one such building, Agricultur(...)

Low inflation has put European Central Bank (ECB) President Mario Draghi back to where he was a year ago:  considering once again if he needs to do more to pump up price growth. (Photograph: MOURAD BALTI TOUATI/EPA)

Mario Draghi can’t catch a break. After overcoming a recession, Greece’s debt crisis and a damaged financial system, the European Central B(...)

Minister for Finance Michael Noonan  and Taoiseach Enda Kenny at the Fine Gael think-in in Adare, Co Limerick, where the party hoped to break the Curse of the Challenge of the Upturn. Photograph: Brenda Fitzsimons

With a general election just around the corner, best feet were belting forward at all the think-ins. The main parties will be pleased to have survi(...)

Ajai Chopra, former deputy director of the IMF, leaving the Dáil after giving evidence at the banking inquiry. Photograph: Alan Betson / The Irish Times

Former International Monetary Fund official Ajai Chopra has said the European Central Bank’s refusal to impose losses on senior bondholders pushed Ire(...)

Minister for Finance Michael Noonan: said he did not accept Jean-Claude Trichet’s position. Photograph: Eric Luke / The Irish Times

Former European Central Bank president Jean-Claude Trichet warned the Government a “bomb would go off” in Dublin if the Government burned bondholders.(...)

Jean-Claude Trichet, former president of the European Central Bank, warned Ireland would not be able to access a bailout if it imposed cuts on senior bank creditors. Photograph: Matthew Lloyd/Bloomberg

IMF good, ECB bad. That was how the final day of public hearings at the Oireachtas banking inquiry might be best summed up. It started with Ajai Chopr(...)

Marco Buti of the European Commission after giving evidence at the banking inquiry in the Dáil. Photograph: Alan Betson / The Irish Times

The State’s bank guarantee from September 2008 was “too generous” and “magnified the fiscal impact of the banking crisis”, said the European Commissio(...)

European Central Bank (ECB) president Mario Draghi

European Central Bank president Mario Draghi has agreed to address MEPs on the Irish bailout in November, as part of a compromise agreed between the E(...)