Once BNP Paribas froze its funds it sent a trigger around the world, culminating in the collapse of Lehman Brothers in September 2008. Photograph: Jeremy Bales/Bloomberg

Ten years ago today, on August 9th 2007, BNP Paribas froze funds that were exposed to US subprime mortgages, signalling the start of the credit crunc(...)

Mario Draghi, president of the European Central Bank: his membership of the elite group of 30  “raises serious questions about the transparency of the ECB’s activities”,  says European Parliament member Brian Hayes.  Photograph: Peti Kollanyi/Bloomberg

The European ombudsman, Emily O’Reilly, is investigating the involvement of European Central Bank (ECB) president Mario Draghi in a group known as the(...)

 Minister for Finance Michael Noonan will leave the office with State’s economy in much better shape than when he took over. File photograph: Eric Luke/The Irish Times

When Michael Noonan took over as Minister for Finance in March 2011, the economy was on the floor, public debt and borrowing were dangerously high and(...)

Michael Noonan and European Central Bank president Mario Draghi. File photograph: Emmanuel Dunand/AFP/Getty Images

There are two ways to be “bad Europeans”. One is the constant denigration of everything to do with the European Union, regardless of minor inconvenien(...)

Jens Weidmann became the youngest ever Bundesbank president in 2011. Photograph: Alberto Pizzoli/AFP/Getty Images

Vast windows line one wall of Jens Weidmann’s bright Bundesbank office, overlooking Frankfurt’s spectacular high-rise skyline as it gleams in the earl(...)

British prime minister Theresa May on a visit to the Jaguar Land Rover factory in Birmingham on Thursday: some of the fog surrounding Britain’s decision to leave the EU has started to lift. Photograph: Carl Court/PA Wire

Ten weeks after the referendum, some of the fog surrounding Britain’s decision to leave the European Union has started to lift, even if the shape of B(...)

The Irish Times.Photograph: Brenda Fitzsimons / THE IRISH TIMES

Why is the Government, in the midst of a substantial economic recovery, struggling to be re-elected? Because it can’t get its story straight. You win (...)

Kevin Cardiff: Brian Cowen was “calm and in charge” on the night of the fateful bank guarantee meeting. Photograph: Alan Betson/The Irish Times

The Government put together a “fighting fund” of about €20 billion in advance of the meeting on September 29th, 2008, that led to a blanket bank guara(...)

 New Taoiseach Enda Kenny  is congratulated by colleagues as he leaves Leinster House to drive to Áras an Uachtaráin to meet with President Mary McAleese. Photograph: Bryan O’Brien/The Irish Times

The Coalition last month assessed how well it had done in implementing its programme for government. Modest as always, it awarded itself 93 per cent, (...)

This fecklessness matters. It means that ministers can get away with pretty much anything. Photograph: Alan Betson

The 31st Dáil should be sent on its way with the words of Oliver Cromwell to the rump parliament of 1653 ringing in its ears: “You have been sat too l(...)

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