According to a new report from the Bank of Ireland the amount of home improvement loans issued in Ireland have surged.
The Irish Central Bank’s quarterly Bank Lending Survey has shown an increase in demand for home loans in Ireland.
The European Commission has imparted the importance of Ireland honouring it’s financial commitments in terms of repaying national debt.
Many 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.
The IMF has released another €1.5 billion of bailout loan funding, and also complimented Ireland’s strategy for economic recovery.
A worsening of the economic outlook could force a second Irish bailout loan.