Finance Minister Michael Noonan has announced plans to increase VAT tax by 2% from 21% to 23%.
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Banks may be agreeing to loan write-offs
NewsThe Irish Independent have reported that banks may be agreeing to secret loan write-offs.
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Anglo Irish Bank to repay loan debt
EconomyAnglo Irish Bank have stated that they are no longer a systematic threat to the Irish economy, and that once they have finished winding down on the sale of their bad loans, they should be able to repay some of the 29 billion Euros loaned to them.
Deepening of Euro financial crisis may hit Ireland
NewsEconomists have warned a deepening of the Euro debt crisis could hurt the Irish economy.
Bailout Renegotiation & A Tense Week Ahead for the Irish Economy
NewsThe week ahead is likely to be a tense one in the Irish financial markets. The weight of the banking crisis and a poor reputation weighs heavily round the neck of Ireland’s chances of economic regeneration.
Q3: NAMA manages €20.4 billion of loans in arrears
NewsNew figures show that just 1 in 4 NAMA loans are performing, leaving them having to manage over €20 billion of bad debts.