As Ireland’s leaders try to limit the fallout from the tax crossfire between Apple Inc. and U.S. politicians, bond markets suggest they don’t have to worry.
Ireland’s dash to the bailout exit door is turning into more of a stagger than a sprint.
Ireland’s most powerful labor union rejected the latest round of proposed public sector pay cuts, leaving the government’s plans to save over 1 billion euros ($1.3 billion) facing defeat.
Ireland’s bailout masters start their tenth review of the rescue tomorrow as a labor-union rejection of public-sector pay cuts complicates the government’s plan to regain economic sovereignty.
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.
Irish Central Bank Deputy Governor Matthew Elderfield, who presided over the overhaul of the nation’s failed banking system, will depart in six months.
Ireland’s most powerful labor union will deliver its verdict on the latest round of public sector pay cuts as soon as today, with the government threatening wider reductions should the plan be rejected.
In Ireland’s Finance Ministry, officials are engineering a maneuver that may make the difference between default and financial survival.
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.
Moody’s Investors Service maintained Ireland’s non-investment rating and negative outlook, citing risks in the euro area following the Cyprus bailout and the poor asset quality of Irish banks.