Archive for the ‘Economy’ Category

After Bust in Ireland, Ordinary People Make Do With Less

Posted on May 6, 2011 in Economy

Article from the New York times on one family’s adventure through the ups and downs of the Irish economy. Check it out!

Ireland Real Estate

Posted on April 12, 2011 in Discussion, Economy, Required

For my presentation on Irish real estate I have required two articles to be read before class on Thursday.

This first article is an overview of the housing bubble in Ireland.  It does a good job of highlighting what I will talk about tomorrow.

The second article is a quick read about what some say is a continued fall of housing prices in Ireland.  It was published in the Guardian on March 16th 2011.

Rehn supports rate reduction

Posted on March 9, 2011 in Economy

Olli Rehn the economics commissioner of the EU expressed that he supports the reduction of the interest rates on the loans given to Ireland during the bailout. However, Rehn does not have the last say to reduce the interest rates. Rehn explains that it is ultimately up to the EU finance ministers. Click here for further details.

Ireland Again Among Poorest EU Countries

Posted on March 9, 2011 in Economy, Required

A recent study by the independent review panel for the Department of Finance estimated that Irish incomes have fallen to 8% below the EU average.  Incomes this low were last seen in 1997, and now only Italy, Spain, Portugal, and Greece have lower average incomes than Ireland.  The study used GNP rather than the usual GDP data for the comparisons, noting that multinational corporate profits accrue to non-residents, distorting income figures.  An article discussing the report was published by The Sunday Business Post.  Also of note is a post from The Irish Economy Blog discussing the report.

Timeline of the Economy

Posted on March 8, 2011 in Economy

Click here for the timeline of the economy.  For best results, view as a list.

– Jacob, Steve, Niall, and Kyle

Will Ireland’s bailout interest rate be lowered?

Posted on March 7, 2011 in Economy

European Union monetary affairs commissioner Olli Rehn believes that Ireland has a legitimate case in asking that the interest rate on their bailout loan to be lowered. Currently the rate is 5.8%, and Rehn states that lowering the interest rate may contribute to debt sustainability. Read more here.

This article was published March 7,2011 in the Irish Times.

The Irish are leaving, but the English are coming

Posted on March 2, 2011 in Culture, Economy, Required

In this article, the Irish Times reports that while 1,000 Irish people are leaving each week to find work, UK investors are looking to take advantage of the economic crisis in Ireland and there may be an influx of people to Ireland, as well. This has profound implications not only for Economics but for the Culture in Ireland.

Posted March 2, 2011.

Fine Gael and Labour Party key issues

Posted on March 2, 2011 in Economy, Health, Politics, Required

This article gives a very informational breakdown on the issues that FG and Labour agree and disagree on, such as the budget, bailout renegotiation, jobs, and healthcare. With talks currently taking place between the two parties, these policies are sure to take center stage during the negotiations. Read more here.

Article published March 1 on

Ireland: Enda Kenny to call for bail-out to be renegotiated

Posted on February 27, 2011 in Economy, Required

This article written after Fine Gael makes the largest gain of seats in Ireland history is about what is to be done with the economic bailout.  Party leader Enda Kenny calls for the bailout to be renegotiated and is said to start a coalition later this week and get right to the economic issue. This issue is said to be the biggest reason for the fall of Fianna Fail.

Article date 2/27/11 Source: Telegraph

Irish Remedy for Hard Times: Leaving

Posted on February 24, 2011 in Economy

The great recession has triggered yet another wave of Irish emigration. WSJ’s Don Duncan reports on how that is playing out in the national election here.

Full Article