As the US economy picks up pace its Federal Reserve is inching closer to raising interest rates, a move that will send ripples across the globe.
"This will help to weaken the euro and a weaker euro will help countries like Ireland, Portugal and Spain to sell more to the rest of the world," said Philip Lane, an economist at Trinity College Dublin.
It's back to the future. One party in government promises tax cuts, while the other talks of increasing public spending. But the only way to settle these conflicting statements is to once again rely on a rise in construction activity to pay for it all. The latest Exchequer returns provide all the encouragement they need.
Crowdfunding platform Kickstarter opens to Irish projects today.
The prospect that Irish banks could offload some of their problematic mortgage debts as part of the European Central Bank’s asset-backed security-purchase programme receded this weekend as ECB vice- president Vitor Constancio said the bank would need state guarantees in order to buy lower-ranking debt.
Something interesting has happened out west. For the best part of two years Bord Iascaigh Mhara has been trying to reboot the Irish salmon farming industry. The plan centres around very large farms, with one planned for Galway Bay and another earmarked for Inishturk off Co Mayo.
Each morning when I wake I thank God for another new day giving me the opportunity to accompany those I meet. For the main part they are people who attend the Capuchin Day Centre in Dublin, many bearing great burdens and with little to brighten their lives.
More than 12,000 companies have been established in Ireland so far this year, marking the return, for the first time, to pre-recession start-up levels.
Euro Topics: Sweden's left wins but has little to celebrate: Fredrik Reinfeldt's liberal-conservative government suffered a defeat in Sunday's elections. The leader of the Social Democrats Stefan Löfven will in all probability become the new prime minister. But the new governing party has little cause for celebration, the left-wing daily ETC concludes and points to the right-wing populist Sweden Democrats' almost 13 percent chunk of the vote: "For sure, the Reinfeldt era is over. And even if the Sweden Democrats won't be able to determine the political course they are big enough to prevent a change of system. We are facing four weak years and four years in which politics won't be able to protect those groups that really need support. Naturally we can celebrate Reinfeldt's departure. But the major task for the red-green government is to think about why they didn't get the support of the citizens."
Fear drives voters to Alternative for Germany: The Eurosceptic party Alternative for Germany (AfD) topped the ten percent mark in Sunday's elections to regional parliaments in the German states of Brandenburg and Thuringia off the cuff. Fear and anger on the part of voters was decisive for this success, the conservative German daily Frankfurter Allgemeine Zeitung comments: "The fact that a party that's often criticised as a loose clique of professors and intellectuals has been able to strike a chord with a certain group of voters may go down in history as a special kind of paradox. ... Their protests feed on concrete threatening scenarios, be they refugee boats on the Mediterranean, bureaucrats in Brussels, criminals on Germany's eastern borders, ailing banks, bailout packages or current support for equal rights for homosexuals. Right from the party's earliest days anyone expecting the matter-of-fact atmosphere of an economics tutorial was in for a surprise: anger was in the air."
Finland must finally build new nuclear plant: The Finnish government will decide at the end of September whether to give the green light for the Fennovoima nuclear power plant in Pyhäjoki. The Russian energy company Rosatom has a more than 30 percent share in its construction, but it is unclear whether Finnish ownership will account for the required majority. The liberal daily Kaleva warns against jeopardising the project: "It's entirely possible that our politicians will have to get down on their knees and beg Rosatom for additional investment, instead of thinking about how many tenths of a percentage points the Finns need to maintain a majority share. ... And we need this plant. Even if people never stop evoking the decline of Finnish industry, our energy balance is severely in the red. Apart from nuclear power, other sources like wind, water and heat energy are needed. ... And there's more need than ever for the nuclear power plant in Pyhäjoki."
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