The International Monetary Fund (IMF) has warned of substantial risks for the Irish economy as a result of the slowdowns in the U.S. and Europe, but has nevertheless painted a pretty favorable picture of Ireland in its annual review of the Irish economy. The Irish Finance Minister, Charlie McCreevy, welcomed the report’s conclusions, as heRead more..
European Union foreign ministers, furious at the Irish electorate’s decision to reject the Nice Treaty on EU enlargement, have ruled out any renegotiation of the treaty. While they insist that they respect the decision of the Irish people who voted 54-46 against the treaty, they will not reopen discussions on the deal and are adamantRead more..
As Irish inflation approaches 5.5 percent, three times the European average, the Irish government has launched a crackdown. Irish prime minister Bertie Ahern has ordered government ministers to inform bodies under their supervision to postpone increases. Banks and building societies have been targeted in the effort to control price increases. Finance Minister Charlie McCreevy hasRead more..