Mark Carney, Bank of England governor, said ‘timidity has costs’ Photograph: Alan Betson / The Irish Times

Bank of England governor Mark Carney has urged the euro zone to take the controversial step of turning its currency area into a fiscal union in order(...)

President Michael D Higgins said   ‘as a nation we remain very conscious of the enormous debt of gratitude we owe to those who have left these shores over so many years, often reluctantly’. Photograph:  Colin Keegan/Collins

People in Europe should never forget that their countries developed by exporting millions of their people to other continents, President Michael D Hig(...)

Brian Lenihan “relieved” when he phoned to say government accepted bailout, says former Canadian finance minister, Jim Flaherty, in book of essays published tomorrow. Photograph: Brenda Fitzsimons/THE IRISH TIMES

The International Monetary Fund (IMF) demanded at one stage in the global financial crisis that Ireland should raise its 12.5 per cent corporation (...)

Former Canadian finance minister Jim Flaherty pictured in Dublin last summer. Mr Flaherty died yesterday aged 64. Photo: Dara Mac Dónaill/The Irish Times

Former Canadian finance minister Jim Flaherty has died, just one month after stepping down from the position he held since 2006. Mr Flaherty, w(...)

 Canadian prime minister Stephen Harper: twitter criticism for photo opportunity. Photograph: Peter Muhly PA/Getty Images)

The North was in the global spotlight yesterday as media around the world gave extensive coverage to the first day of the G8 summit at Lough Erne. Wh(...)

[From left] German finance minister Wolfgang Schäuble, British chancellor George Osborne, IMF managing director  Christine Lagarde and Canada’s finance minister Jim Flaherty at the Global Investment Conference 2013 in London. Photograph: Stefan Rousseau/Reuters

German finance minister Wolfgang Schäuble signalled support for an easing of Europe’s austerity drive as he prepared to face pressure from glob(...)

European Economic and Monetary Affairs Commissioner Olli Rehn speaks during a news conference at the EU Commission headquarters in Brussels earlier this month. Photograph: Francois Lenoir/Reuters

The euro zone will slow its budgetary belt-tightening to help reinvigorate economic growth, EU Economic and Monetary Affairs Commissioner Olli (...)