Patrick Honohan

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Sherry FitzGerald chairman Mark FitzGerald: he  will speak at the Property Industry Ireland Conference  about the future of the sector. Photograph: Nick Bradshaw

MONDAY Indicators: euro zone labour cost index and wage growth (Q1). Meetings: Wind Energy Science Conference (University College Cork); Finance M(...)

Philip Lane faces a series of challenges as he starts work this week as European Central Bank chief economist. Photograph: Yuri Gripas/Reuters

The European Central Bank’s Philip Lane started his first day at work on Monday at a crucial moment for the euro zone as signs of economic weakness re(...)

The biggest systemic risk facing Ireland, aside from Brexit, is its high dependence on multinational firms, according to Philip Lane.   Photograph: Clodagh Kilcoyne/Reuters

Banks in Ireland are beginning to realise there’s a downside risk to their top regulator moving on. The last Central Bank governor, Patrick Honohan, (...)

TK Whitaker at a press conference in Dublin in April 1975. Whitaker helped establish the ESRI.   Photograph: Tommy Collins/The Irish Times

In his history of modern Ireland, published in 1989, Joe Lee commented unfavourably on Ireland’s economics profession in the 1950s and 1960s. Lee’s cr(...)

Minister for Finance Paschal Donohoe has begun the process of finding a new Central Bank governor. Photograph: Aidan Crawley/The Irish Times

Minister for Finance Paschal Donohoe has given prospective candidates to lead the Central Bank two weeks to register their interest, after European le(...)

Philip Lane: he is set to be confirmed   as the Republic’s first ECB executive board member. He is also the favourite to become the organisation’s chief economist.  Photograph:  Reuters

When Otmar Issing, one of the prime architects of the euro, was asked in 2001 to help select an outstanding European economist under 40, one name stoo(...)

 Central Bank governor Philip Lane emerged last week as the unopposed candidate to succeed outgoing ECB chief economist Peter Praet on the six-member board in Frankfurt. Photograph: Clodagh Kilcoyne/Reuters

Minister for Finance Paschal Donohoe has committed to carrying out a “comprehensive” search for the successor to Central Bank governor Philip Lane, wh(...)

“The euro system’s second decade was one of unforeseen turbulence, but it confounded its more strident critics by surviving the anxious years 2011-2012 (and 2015) without losing any member.” Photograph: Michael Sohn/AP Photo

Any assessment of Europe’s monetary union as it completes its second decade should refer to the regimes that preceded it. For economists, the primary(...)

The euro is now the currency of 340 million people in 19 countries and internationally meets the key criteria of wide acceptability as a means of exchange and as a store of value. Photograph: iStock

Sometimes European politics has found a way to take a step forward. At a summit of European Union leaders in the Dutch town of Maastricht in December (...)

Patrick Honohan: The then Central Bank governor told Department of Finance officials in 2015 there was a “moral case”  to find a way to prevent Anglo junior bondholders recovering anything.

The Attorney General’s Office warned the Government it could not prevent a likely repayment of almost €270 million owed to a group of junior bondholde(...)

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