Alan Mcquaid News
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Ireland’s government is waking up from a nightmare that’s been dubbed ``#promnight.''
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Irish Prime Minister Brian Cowen faces a vote of confidence today by his Fianna Fail party, with one of his most senior ministers seeking to topple him before a general election.
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Ireland’s economy probably returned to growth in the third quarter as exports rebounded and consumer spending strengthened, economists said before a report tomorrow.
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Ireland’s economy expanded in the three months through September for a second straight quarter, as consumer spending and exports gained.
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Dublin home prices rose the most in six years in September, the latest sign that Irish residential property prices are stabilizing after the country’s decade-long real estate bubble started to deflate in 2007.
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Ireland’s unemployment rate dropped for the first time in seven months in September as fewer people in “professional” and “clerical” occupations claimed jobless benefits.
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The Bank of Greece could follow Ireland’s example and use an emergency liquidity program to keep local lenders afloat if the European Central Bank rejected the country’s collateral in the event of default, said Alan McQuaid , chief economist at Bloxham stockbrokers in Dublin.
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Raising money just got a whole lot tougher for Ireland’s cash-strapped banks.
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The following are the day's top business stories:
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Irish Finance Minister Michael Noonan said the nation is assessing the aid package given to Greece earlier this week and will push for anything that helps Ireland exit its bailout program.
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