Philip Lane

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When the UK was an EU member, the euro zone only covered just over 70% of the EU economy; today it constitutes 85%.

Economic and Monetary Union (EMU) finally began in January 1999, after a long period of gestation, with the move to the euro coming three years later.(...)

Does Joe Biden’s $6 trillion budget plan risk overheating the US economy? Photograph: Chris Kleponis/CNP/Bloomberg

It is one of the most contentious questions in world economics: what exactly is happening with inflation? There are signs that the inflation rate is p(...)

Professor Philip Nolan is chairman of the Nphet epidemiological modelling advisory group and outgoing president of NUI Maynooth. File photograph: Gareth Chaney/Collins

Professor Philip Nolan, who has become a well known-public figure during the coronavirus pandemic, was among 27 new members elected to the Royal Iris(...)

A statement issued this week stated that  the Irish dairy sector was committed to to making a positive contribution to the green agenda, but said that reducing dairy production in Ireland was not the answer. File photograph: Alan Betson / The Irish Times

The potential economic cost of climate warming is by now undeniable. The lack of sufficiently rapid action internationally to deal with this may in pa(...)

Philip Lane: “There is nearly zero connection between any kinds of spikes under the reopening of the economy and what goes into the inflation.” Photograph: AFP via Getty

European Central Bank (ECB) chief economist Philip Lane said on Thursday that recent price spikes for goods and services as economies continue to reop(...)

European Central Bank chief economist Philip Lane stressed the need for clear plans for transition to net-zero emissions, to minimise global financial risk. Photograph: Dave Meehan/The  Irish Times

A disorderly or incomplete transition to net-zero carbon emissions poses a major risk to the global financial system, European Central Bank chief econ(...)

European Central Bank’s chief economist Philip Lane.

A disorderly or incomplete transition to net zero carbon emissions poses a major risk to the global financial system, European Central Bank (ECB) chie(...)

The flow of well-qualified young people into the European system has been slowing dramatically. Photograph: Jasper Juinen/Bloomberg

At the higher levels of European politics, Ireland wields disproportionate influence. Minister for Finance Paschal Donohoe is chair of the eurogroup, (...)

Frankfurt, Germany. The country’s economy shrank 1.7 per cent in the first three months of this year as lockdown measures to contain rising coronavirus infections left the euro zone on track to fall into a double-dip recession.

Germany’s economy shrank 1.7 per cent in the first three months of this year as lockdown measures to contain rising coronavirus infections left the eu(...)

ECB president Christine Lagarde. Photograph: Chris Ratcliffe/Bloomberg

The European Central Bank signalled faster money-printing on Thursday to keep a lid on euro zone borrowing costs but stopped short of adding firepower(...)

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