For Italy and Greece,  both heavily dependent on tourism, the recovery is likely to be more difficult than for Germany or Ireland. Photograph: Getty Images

Until Mario Draghi’s pledge in July 2012 to do “whatever it takes” to prevent a collapse of the euro zone, the response of the European Central Bank ((...)

EIB president Werner Hoyer: “Climate is in everything we do.” Photograph: EPA

Half of all lending by the European Investment Bank (EIB) will go to projects related to climate and sustainability by 2025, it said on Thursday. EIB(...)

EIB vice-president Andrew McDowell: “Ireland has been underinvesting in infrastructure for so long now that soon there will be unavoidable long-term consequences for future economic growth.”

The Republic must urgently invest in capital infrastructure to deal with changes to trade flows after Brexit or there will be “unavoidable long-term (...)

Minister for Finance  Paschal Donohoe: pay rise of 6-7 per cent between 2018 and 2020 “offers the best way of being fair to our public servants”. Photograph: Clodagh Kilcoyne/Reuters

The new Minister for Finance and Public Expenditure and Reform, Paschal Donohoe, said he stood by proposals for an extension of the Lansdowne Road agr(...)

Central Bank governor Philip Lane said the stock of loans to SMEs in 2016 is about half that in 2010. Photographer: Christopher Goodney/Bloomberg

Ireland has one of the highest shares of non-performing SME loans in the European Union, with many property-related loans secured on SME businesses d(...)

Former minister has described the nomination of the Taoiseach’s chief economic adviser Andrew McDowell to a role at the European Investment Bank as ‘old politics’. Photograph: Cyril Byrne/The Irish Times

The nomination of the Taoiseach’s chief economic adviser Andrew McDowell to a role at the European Investment Bank (EIB) has been described as “old po(...)

Enda Kenny’s economic adviser Andrew McDowell (right) with   Fine Gael Ministers at Trinity College Dublin. File photograph: Nick Bradshaw

One of Taoiseach Enda Kenny’s most senior advisers has been appointed vice-president of the European Investment Bank. Andrew McDowell, who has been(...)

Malin chief executive Kelly Martin, who was previously boss at Elan

Malin, the Irish-based life sciences company set up by a number of former Elan executives last year to invest in privately held life science assets, h(...)

Matthias Mueller, chief executive of  Volkswagen, after  addressing journalists at  an assembly line  in Wolfsburg. Photograph: Getty Images

The EU’s anti-fraud agency has launched an investigation into Volkswagen in the latest of a series of inquiries into the emissions scandal at the Germ(...)

Jyrki Katainen: favours a more market-focused emphasis.  Photograph: Thierry Charlier/AFP/Getty

He has held the office of finance minister, party leader and prime minister, and all before the age of 40, but Jyrki Katainen faced one of his toughes(...)

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