Chancellor Angela Merkel of Germany and President Nicolas Sarkozy of France have stuck an agreement that preserves budget discipline, which they anticipate will help get a handle on the Euro debt crisis. The two country leaders will present the plan to EU leaders.
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Will there be a double-dip recession?
EconomyThe Independent wrote a commentary on Sunday on the likelihood of a double-dip recession.
Government Plan VAT Rise to 23%
Economy NewsFinance Minister Michael Noonan has announced plans to increase VAT tax by 2% from 21% to 23%.
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Positive words from IMF as new loan funds announced
EconomyThe IMF has released another €1.5 billion of bailout loan funding, and also complimented Ireland’s strategy for economic recovery.
Sweden could offer bailout loan funds
NewsSweden are looking at the possibility of offering a bilateral loan to Ireland of around $1.5 billion as part of the bigger bailout loan according to the Swedish Finance Minister Anders Borg.
Irish bailout loan announcement
NewsOfficals are currenty in talks with the ECB regarding an Irish bailout loan from Europe.