Ireland’s economy will shrink at the fastest pace in the country’s history this year as unemployment rises and consumers reduce spending, according to Goodbody Stockbrokers.
It’s payback time for Irish workers now the country has emerged from its bailout.
In Ireland’s Finance Ministry, officials are engineering a maneuver that may make the difference between default and financial survival.
As Irish ministers promote the nation’s economic revival on St. Patrick’s Day after selling bonds this week, there’s one topic to avoid: debt.
Sinn Fein, the former political wing of the Irish Republican Army, became the biggest party in Dublin city as voters punished the ruling coalition for three years of austerity amid a rise in protest votes across Europe.