Italian deputy premier and interior minister Matteo Salvini  at a campaign rally in Putignano, near Bari, southern Italy. Salvini is attempting to expand Italy’s budget. Photograph: Annamaria Loconsole/EPA

Matteo Salvini has reignited Rome’s battle with Brussels over his public spending plans, and while financial markets are unimpressed, many internation(...)

The Aughinish Alumina refinery on the Shannon Estuary near Foynes, Co Limerick.

Minister for Finance Paschal Donohoe will meet US treasury secretary Steve Mnuchin in Washington on Tuesday amid growing concern over continuing US sa(...)

Market reaction: a trader works on the floor of the New York Stock Exchange as the Dow Jones Industrial Average passes the 20,000 mark. Photograph: Brendan McDermid/Reuters

Two developments coincided in the US this week. The Dow Jones hit 20,000 for the first time. And it became clear that President Donald Trump was going(...)

The new building of the European Central Bank  is illuminated while dominating the skyline of Frankfurt. Photograph: Frank Rumpenhorst/EPA

At around noon today, the euro zone’s 130 biggest banks will receive the European Central Bank’s final verdict on their finances after a review aimed (...)

Mario Draghi: Several commentators said his action  postpones a divisive debate about launching an all-out programme to buy government bonds or quantitative easing. Photograph: EPA/Frank Rumpenhorst

Irish bond yields sank to fresh lows yesterday as global markets digested the impact of Europe’s latest monetary stimulus. The European Central Bank’s(...)

Breaking point: after a financial crisis, a huge excess of desired private savings is likely to emerge, even when rates are very close to zero. In that situation, immediate fiscal austerity will be counterproductive. It will drive the economy into deep recession.

In 1816, the net public debt of the UK reached 240 per cent of gross domestic product. This was the fiscal legacy of 125 years of war against F(...)