The rate at which the European Central Bank pays commercial banks for depositing their unused cash has been reduced from zero per cent to minus 0.10 per cent.
If Enda Kenny seeks the position of either President of the European Council or head of the European Commission, he could achieve great things for Ireland and Europe, writes David Moloney.
Enda Kenny’s comments came prior to those of the European Commission president Jose Manuel Barroso last week where he appeared to rule out any retrospective bank deal.
After a meeting in Brussels this evening the Eurogroup also announced that Spain would would not be requesting any further assistance when it exit its banking bailout.
The Finance Minster says that Ireland’s decision not to take a post-bailout credit line was because this was a “benign” time. The Troika say Ireland is in a “strong position”.
Taoiseach Kenny wrote a letter to 26 EU heads about their 2012 “commitment” to give Ireland special treatment – but they don’t care for wimpish reminders.
Restoring fiscal health to the eurozone remains a serious challenge, but the EU must nevertheless find a solution to its illegal immigration crisis to prevent further tragedies, writes David Moloney.
David Moloney breaks down the results of the 2013 German federal election, focusing on what kind of impact it will have on the wider eurozone economy – and, specifically, on Ireland’s corporation tax.
Earlier the Tánaiste Eamon Gilmore said that the result of the German election was never going to impact on Ireland’s push for retrospective recapitalisation of its banks.
‘TIS THE EIGHTH of December, the day when it was tradition for people from down the country to come up to Dublin for a day of festive shopping.
Back decades ago years ago when that tradition was in full swing in Ireland there wasn’t an option to shop online – but after the Covid-19 pandemic forcing a lot of us to do our gift shopping online, some of us may ditch tradition in favour of convenience and avoiding crowds.
So we’re wondering: Are you doing the bulk of your Christmas shopping online, or in-person this year?
Cloudy with a few showers this afternoon
Max: 8 °C
Min: 1 °C
Chilly with more clouds than sun
Max: 6 °C
Min: 3 °C
