Tough choices for Government
  • US
  • July 26, 2014, 01:00

A battered and bruised Government that experienced resignations, demotions and a winnowing of members has limped into the summer recess. The holiday p(...)

International Monetary Fund managing director Christine Lagarde and Minister for Finance  Michael Noonan. Ireland would need the full agreement of EU member states to separate the IMF and European portions of the bailout package. Photograph: Francois Lenoir/Reuters

The Government is in discussions with its international lenders about repaying some of its bailout loans early, in a move that could save the exche(...)

IMF chief economist Olivier Blanchard: “Advanced economies are still confronted with high levels of public and private debt, which act as brakes on the recovery.”  Photograph: EPA/Alex Cruz

The International Monetary Fund has downgraded its outlook for global growth, blaming a “weak first quarter” in which the US economy contracted and “(...)

An Athens’ metro construction worker places reinforcement bars at the Agia Varvara worksite in eastern Athens. Photograph: Alkis Konstantinidis/Reuters

Greece’s economy should grow 0.7 per cent this year, pulling clear of a six-year recession, but its soaring unemployment rate is likely to drop less t(...)

IMF managing director Christine Lagarde. The organisation is about to downgrade its economic forecasts for global growth this year

Patience, we are often told, is a virtue. The main reason why sustained global economic growth began only 250 odd years ago was that there was no way (...)

Gabriel Fagan joins the Central Bank from the European Central Bank, where he held a number of key roles

The Central Bank has announced the appointment of Gabriel Fagan to the role of chief economist.Mr Fagan replaces Lars Frisell, who was appointed chief(...)

Despite the little time remaining, Argentina’s economy minister Axel Kicillof last week travelled to Brazil to a summit of emerging market nations. Photograph: Peter Foley/EPA

In Rebel Without a Cause, the anti-hero played by James Dean is challenged to a lethal game of chicken in which two cars must race towards a cliff. Th(...)

On yer bike: the IMF’s Peter Breuer leaves the Central Bank after his last day there. Photograph: Brenda Fitzsimons

Officials from the International Monetary Fund (IMF) are normally escorted under armed guard to meetings in the Greek finance ministry, such is the pu(...)

Almost two months after the local and European elections, the Government is finally again ready to resume normal business, after a long, and quite una(...)

“Those with deposits have reason to have every confidence in the security that Banco Espírito Santo offers their savings,” Portuguese prime minister  Pedro Passos Coelho said yesterday. Photograph: Reuters

Portugal’s prime minister Pedro Passos Coelho yesterday sought to calm customers of Banco Espírito Santo (BES) as the lender’s potential exposure to t(...)