At the height of the financial crisis in 2009  the State was spending €23bn   more each year than it was taking in by way of taxes and other income

There’s a perception that the €205 billion debt pile that sits on top of the Irish economy was put there by rogue bankers; in other words that it was (...)

Conor O’Kelly, chief executive of  the NTMA: his pay package remained unchanged at €571,000  for 2018. Photograph: Dara Mac Donaill / The Irish Times

The National Treasury Management Agency (NTMA) paid out close to €1.78 million in “performance-related” bonuses to its 184 staff last year, according (...)

German president Frank-Walter Steinmeier and President Michael D Higgins in Berlin on Wednesday. Photograph: Getty Images

President Michael D Higgins couldn’t resist a little dig at the UK this week as he kicked off his three-day state visit to Germany. Higgins, during lu(...)

 Department of Public Expenditure and Reform secretary general Robert Watt; Minister for Finance Paschal Donohoe; and John McCarthy, the department’s chief economist at the launch of the Government’s Summer Economic Statement. Photograph: Michelle Devane/PA

Economists here broadly agree that a reversal of some sort for the Irish economy is inevitable but differ on what might cause it or how severe it is l(...)

The statement by Conor O’Kelly, the chief executive of the National Treasury Management Agency (above) at yesterday’s Dáil Public Accounts Committee hearing that he is 100 per cent sure there will be another Irish recession is a bit like saying we will – some day – get another summer like the one of 2018. Photograph: Sara Freund

The statement yesterday by Conor O’Kelly, the chief executive of the National Treasury Management Agency, that he is 100 per cent sure there will be a(...)

Conor O’Kelly: “People talk about whether the bond markets are predicting a recession. I’ll give a prediction. The chances of a recession in Ireland are 100 per cent.”

The chances of another recession in Ireland are 100 per cent, as the country is a small, open economy, highly-indebted, and relying on international i(...)

Investors are betting that Christine Lagarde’s nomination to be the next president of the European Central Bank will extend an era of ultra-loose monetary policy in the euro zone.

Irish long-term interest rates have hit a record low as the global bond market enjoyed a powerful rally on Wednesday. Investors are betting that Chris(...)

Is the Irish savings model broken? Photograph: Ivan Bliznetsov/iStock/Getty

Has there ever been a worse time to be a saver? Credit unions don’t want your money; pan-European savings platforms such as Raisin, which has rates of(...)

European Central Bank president Mario Draghi: his pledge to do “whatever it takes” to save the euro in 2012 has been a boon for Ireland and the NTMA. Photograph: Viginia Mayo/EPA

National Treasury Management Agency (NTMA) boss Conor O’Kelly joked yesterday that he should have a photo of European Central Bank (ECB) president Mar(...)

 The State’s budget deficit ballooned on the back of a collapse in property-related tax revenues, forcing us to borrow heavily just to pay for the same level of State services.

How big is our national debt? It’s just over €200 billion. On a per capita basis that’s the third highest in the world, eclipsed only by the US and J(...)

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