Minister for Finance Michael Noonan and Finnish finance minister Jutta Urpilainen chat at the start of eurogroup finance ministers’ meeting  in Brussels yesterday. Photograph: EPA/Julien Warnand

The European Commission has slightly lowered its growth forecasts for Ireland this year, but expects gross domestic product (GDP) to rise by 3 per (...)

Economics and monetary affairs commissioner Olli Rehn said France may be given two years to reach its deficit-reduction target, signalling a loosening of EU policy towards deficit reduction targets. Photograph: Reuters/Yves Herman

The rejection of the Croke Park agreement by unions could pose a risk to Ireland’s deficit reduction plans this year, the EU has warned. (...)