According to a new report from the Bank of Ireland the amount of home improvement loans issued in Ireland have surged.
Central Bank: Demand for Mortgage Loans on the Increase
MortgagesThe Irish Central Bank’s quarterly Bank Lending Survey has shown an increase in demand for home loans in Ireland.
EU says Ireland must honour national debt, but economy looking strong: Noonan
Debt
The European Commission has imparted the importance of Ireland honouring it’s financial commitments in terms of repaying national debt.
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Irish banks to take up to €10 billion in loans
Economy
Irish banks are set to take out around €10 billion in loans according to an article in the Independent.
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Government Slices and Dices Budget Across Board; Most Vulnerable Hardest Hit
EconomyMany struggling families may suffer with an additional €1,000 a year loss after they’re hit by a bundle of stealth charges, with a second wave of additional pain possible. According to Brendan Howlin, Public Expenditure minister, said €2.2 billion in spending cuts would leave all middle-income families to deal with considerably higher bills, as reported in the Irish Examiner.
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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.
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.
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.
Finance Minister: EU and IMF loan profits “excessive”
EconomyIt was reported today that the EU and IMF stand to gain as much as €9billion in profit over the course of the €67.5billion bailout loan.
Weakening economy could necessitate second bailout loan for Ireland
NewsA worsening of the economic outlook could force a second Irish bailout loan.