Irish SMEs that borrowed money to invest in property are almost twice as likely to default as similar-sized businesses without property debt, accordin(...)

 Fianna Fail’s Senator Marc MacSharry – “appears to hold that the rot started in 2000 when Ireland entered the eurozone so that’s where the inquiry should begin ....”   Photograph: Bryan O’Brien / The irish Times

Thoughts turn to the banking inquiry and news that the projected spend is about €5 million while the budget is €3 million. Pfft to either, if that’s w(...)

Property-related lending to Irish SMEs still constitutes the largest share of outstanding loans to the sector.Figures from the Central Bank reveal SME(...)

UCD economist Prof Morgan Kelly

Once shunned by the political establishment, UCD economist Prof Morgan Kelly was today accepted into the bosom of academia.The manwho called the prop(...)

Wealth of nations:  at the 2005 Russian Millionaire Fair  in Moscow. Photograph: Denis Sinyakov/AFP/Getty Images)

We all recall Ernest Hemingway’s retort to F Scott FitzGerald’s observation that the very rich “are different from you and me”. “Yes. They have more m(...)

“I love being in Dublin. It’s a very enjoyable city. It’s by the sea with fresh air.” Cyril Roux at the Central Bank in Dame Street, Dublin. Photograph: Dara Mac Dónaill

Cyril Roux’s eyes light up when his in-house press handler says the tea and coffee are on their way. “This is a cold room,” he says with(...)

AIB chief executive David Duffy: said the objective of the ECB’s banking strategy was to secure lending to the SME sector. Photograph: Gareth Chaney/Collins

The head of our largest bank, State-owned AIB, was asked yesterday about the recent comments by economist Morgan Kelly on the threat SME debt p(...)

The concepts of “academic freedom” and “university autonomy” tend to evoke different responses in readers: for academics and university manager(...)

Moody’s said it believed the severity of the crisis in the banks’ credit fundamentals means their recovery will hold back the economy as a whole. Photographer: Scott Eells/Bloomberg

Global ratings agency Moody’s says the outlook for Irish banks remains negative because of the “extremely high level” of problem loans. In a re(...)

UCD economist  Morgan Kelly’s latest warnings about the state of the SME sector have, for obvious reasons. Photo: Don MacMonagle

Sometimes things are very simple. Morgan Kelly’s latest warnings about the state of the SME sector have, for obvious reasons, been taken very s(...)