Yes, we've turned a corner but tough road lies ahead
Beyond the glimmers of hope that occasionally emanated from the headline data, it was clear that there was a consistent narrative – the domestic economy was stuck in reverse while the export-oriented multinational sector performed resiliently, a function of the composition of much of Ireland’s exports – IT, pharmaceuticals and food.
This narrative began to shift during 2013. After years of decline, there were sustained signs that the domestic economy …
Public servants to be paid by end of day after Bank of Ireland glitch
The issue had a knock-on affect on payments to AIB, Ulster Bank and Permanent TSB accounts although it is not yet known how many people were affected in total, according to Bank of Ireland although it did say that most of the payments have been processed.
Bank of Ireland said in a statement: “Other banks have now received any delayed payment originating from Bank of Ireland.
“Many of these payments …
Burton axes Budget tax bonus for families
Her predecessor, Eamon Gilmore, put a child tax credit on the table as a key Budget demand from the junior coalition partners to ease the burden for hard-pressed taxpayers.
Mr Gilmore hoped it would win favour with families across the country as Labour struggled to regain support.
However, Ms Burton is no longer demanding the tax measure in the negotiations for October’s Budget.
Instead, she wants to cater for low …
Thinking through how to run companies
Limited-liability, privately owned joint-stock companies are the core institutions of modern capitalism. These entities are largely responsible for organising the production and distribution of goods and services across the globe. Their role is both cause and consequence of the revolution in the scale and diversity of economic activity that has taken place over the past two centuries.
Almost nothing in economics is more important than thinking through how companies should …
Banks' mass asset sell-off could finally break Europe's lending freeze
A wave of deals could be a boon to the region’s economy if the banks use it to free up capital to increase new lending.
Banks across Europe have shunted more businesses, bad loans and spoiled investments into units to be sold or wound down.
Such assets jumped by 65pc since the end of 2013, to more than €1.3 trillion, according to data compiled by Bloomberg.
In recent months Irish …