Euro zone finance ministers have agreed to tighten fiscal policy a little next year after three years of pumping billions into the economy due to the coronavirus pandemic, but also to be ready with more cash should the war in Ukraine make it necessary. “The fundamentals of the euro area economy are strong,” the ministers…
Tag Archives: Brexit
Oil eased today from its highest in more than seven years as Ukraine hinted at possible concessions to Russia that could alleviate tensions between the two countries that Western governments say are on the brink of war. Brent crude rose 5 cents to $94.49 a barrel by 1555 GMT, after touching its highest since October…
Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar will today begin a trade mission to France. France is now Ireland’s closest neighbour in the European Union and is an important trading partner. Over €28 billion of goods and services are traded between the two countries every year. The Tánaiste will begin his trip…
While many countries took an economic hit after Brexit, Ireland recorded a different experience. The country’s international banking performance improved, becoming a crucial player in the EU. The Dublin Port took just a minor hit, with performance projected to improve. Government officials from Ireland and Britain will meet to discuss trade relations. Brexit Boosts Irish…
Rogue operators could face a fine of €10 million or 10% of worldwide turnover for breaches of competition law, under a new law published today. The Competition (Amendment) Bill 2022 will give more powers to the Competition and Consumer Protection Commission and the Commission for Communications Regulation. It will enhance the ability of the CCPC…
The proportion of women in leading positions at major European companies rose last year, but fell behind schedule to reach the European Commission’s proposed target of 40% for 2025. This is according to a study by an EU-sponsored non-profit organisation. European Commission President Ursula von der Leyen said earlier this month she would try to…
The Irish balance sheets of large systemically important banks with international operations run from Ireland have grown by as much as €200bn since the UK voted to leave the EU six years ago, a new study has found. The transfers put Ireland in only second place behind Germany when it comes to the value of…
Minister for Foreign Affairs Simon Coveney will meet British Foreign Secretary Liz Truss in London this evening. It will be the first opportunity for the ministers to meet in person since Ms Truss took over Brexit responsibilities, as well as the Foreign Secretary role. The two have already held a long virtual meeting, which included…
The euro is today marking 20 years since people began to use the single European currency, overcoming initial doubts, price concerns and a debt crisis to spread across the region. European Commission chief Ursula von der Leyen called the euro “a true symbol for the strength of Europe”. European Central Bank President Christine Lagarde described…
Euro zone governments should keep spending next year to help the post-pandemic recovery, though to different degrees depending on their debt level, the European Commission said today. They should also use cash from the EU’s recovery fund to boost investment, the Commission added. “For the euro area, we call for a moderately supportive fiscal stance…