Conor O Kelly

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NTMA head Conor O’Kelly stated with “100 per cent” certainty that Ireland will enter a recession. When the man charged with borrowing money for the State announces such calamitous news, people sit up and worry.’ Photograph: Nick Bradshaw
David McWilliams: Stop the recession talk. It’s not happening

Strange things happen to countries’ establishments after serious crashes. Before the 2008 crash, it was deemed patriotic to talk up the economy and pa(...)

The ultra-low interest rate environment has contributed to significant reductions in the amount of interest that the State is currently obliged to pay.
Ireland’s debt: €44,365 is owed by every man, woman and child in the State

Even with the rapid turnaround in employment and growth, Ireland still has one of the highest per capita debt levels in the world. Central Statistics(...)

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
Ireland’s €205bn debt: So just who is to blame?

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
NTMA staff share €1.78m bonus in 2018

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
Dublin and Berlin move closer as Brexit barney continues

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
A 100% chance of recession: what do economists think

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 Irish Times view on the national debt: Bracing for the bad times

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.”
Chances of another recession in Ireland 100%, says NTMA chief

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(...)

Is the Irish savings model broken? Photograph: Ivan Bliznetsov/iStock/Getty
Is it time for the Government to help out savers?

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
Mario Draghi’s number one fan: the NTMA

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

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