“[Michael] Somers is something of a divisive figure. For many, he is one of the most talented public servants the State ever produced; for others, he was an overpaid plutocrat with a fondness for saying ‘I told you so’.” Photograph: Alan Betson

The taxpayer could be forgiven for being a little bemused at claims that jobs are at risk because of heavy-handed regulation of the banks. (...)

The ECB is concerned that banks are not lending to smaller businesses in the euro zone periphery. Photograph: Bloomberg

The European Central Bank can only do so much to bolster lending to small- and medium-sized firms, ECB policymaker Benoit Coeure said today as(...)

Mr Justice Peter Kelly yesterday granted an application by Denis McDonald SC, for Mr Paul Fogarty, to fast-track the case in the Commercial Court

A financial trader has sued Permanent TSB alleging he lost more than €900,000 and faces further losses after the bank failed to honour an alleg(...)

A 10-million mark note from 1923 at the height of the hyper-inflation days of the Weimar Republic. Photograph: iStockphoto

Every euro area government has framed the ongoing crisis to suit its own political and economic concerns. Many have chosen austerity, war(...)

AIB standard variable customers have absorbed a rise of 1.4 percentage points in their interest rate since the start of 2012, while the ECB has cut its main rate four times in the past year and a half. Photograph: Bryan O’Brien

Irish mortgage rates have been rising and diverging from ECB rates over the past year, while the average mortgage in the euro (...)

Average mortgage interest rates in Ireland are diverging from the base lending rate set by the European Central Bank, according to new figures (...)

Demonstrators  against austerity in Paris at the weekend. They also called for the establishment of a  “sixth republic” with a new constitution for France. Photograph: Charles Platiau/Reuters

The last couple of weeks have seen an intensification of the so-called austerity debate. President Michael D Higgins, in widely publicised inte(...)

Eurogroup chairman Jeroen Dijsselbloem: “The outcome [of bank stress tests] we don’t know yet, but it might be worrying,” Photograph: Reuters/Francois Lenoir

The head of the group of 17 euro zone finance ministers has warned that the results of stress tests on euro zone banks scheduled for next year (...)

The IFSC in Dublin: There’s no doubt it has been a big success since Dermot Desmond first suggested the idea. Photograph: Bryan O’Brien

Michael Somers, the former head of the National Treasury Management Agency and current deputy chairman of AIB, didn’t pull his punches in his i(...)

TODAYResults: Amtech Systems; Italcementi Indicators: European Retail Sales. (Mar); European Sentix Investor Confidence (May); German (...)

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