European Central Bank officials are considering ways to ensure weaker countries bear more of the risk

Low-rated bond yields fell on Friday, with Spain’s hitting record lows, after Reuters reported European Central Bank officials are considering ways to(...)

Mario Draghi, president of the European Central Bank. Describing their conversation as “a preliminary discussion”, Taoiseach Enda  Kenny said he would come back to Mr Draghi on the banking inquiry issue “in due course”. Photograph: Martin Leissl/Bloomberg

Taoiseach Enda Kenny has personally intervened to request the European Central Bank to attend the banking inquiry. Mr Kenny raised the issue with the (...)

Rob Wright, a former Canadian secretary general of finance, addressing the banking inquiry this morning.

Click here for live blog coverage.A former Canadian government official who authored a report on the Department of Finance in 2010 told the banking in(...)

Minister for the Environment Alan Kelly has said a “seismic” process is under way at Irish Water to delete all Personal Public Service numbers supplied to it. Photograph: Gareth Chaney Collins

A “seismic” process is under way at Irish Water to delete all Personal Public Service (PPS) numbers supplied to the company, Minister for the Environm(...)

Taoiseach Enda Kenny has said he will ask ECB President Mario Draghi to attent the banking inquiry. Photograph: Martin Leissl/Bloomberg

The Taoiseach has said he will ask European Central Bank (ECB) president Mario Draghi to attend the banking inquiry.Enda Kenny was responding, amid he(...)

Finnish academic and finance expert Peter Nyberg, arriving at the opening of the banking inquiry  in  Leinster House, Dublin. Photograph: Eric Luke / The Irish Times 0:56

Irish people did not party during the economic boom “but they lived a bit better than they might have done because of the bubble”, an international ba(...)

Mario Draghi has written to the inquiry to say the ECB will not participate. Photograph: Martin Leissl/Bloomberg

Full text of letter from ECB president Mario Draghi to Ciaran Lynch, chairman of the Committee of Inquiry into the Banking Crisis:Frankfurt, 15 Decemb(...)

A woman  uses an automated teller machine at a branch of Sberbank in Stavropol on Monday. The Russian central bank has raised its benchmark interest rate to 17 per cent. Photograph: Bloomberg

While Russia slept, its policy makers put together a most unpleasant surprise for the nation’s borrowers. With the stroke of a pen Russia’s central ba(...)

When Sinn Féin’s Pearse Doherty asks the first question of Finnish academic  Peter Nyberg on Wednesday, it will kick off the public hearings of the Joint Committee of Inquiry into the Banking Crisis. Photograph: Dara Mac Dónaill/The Irish Times

When Sinn Féin’s Pearse Doherty asks the first question of Finnish academic and finance expert Peter Nyberg on Wednesday, it will kick off the public (...)

The latest Bundesbank projections point to inflation of 1.1 per cent in 2015

Germany’s Bundesbank said on Monday it would have to cut its 2015 inflation forecast if recent declines in oil prices are sustained.Just 10 days afte(...)