In a statement released last night, the former Taoiseach's family said the story related by Dr TK Whitaker - regarding injuries sustained by then finance minister Mr Haughey in 1970 that forced him to miss the Budget speech - was "patently untrue."
The claims are included in a new book on Dr Whitaker which was first reported by the Irish Independent on Saturday.
Israel's finance and economy ministries on Monday approved a plan by Intel Corp to invest $6bn in the upgrade of its chip manufacturing plant in the southern town of Kiryat Gat.
WORKING families can expect a double reduction in their income tax under plans being considered by Finance Minister Michael Noonan.
The Irish Fiscal Advisory Council warns in its pre-budget statement it will become politically difficult as memories of the economic crisis fade to sustain the fiscal discipline needed to reduce the national debt.
The OECD describes current corporate tax arrangements as “double non-taxation”. That’s quite a damning statement. The drive for a more rational global corporate tax structure has three related themes: first, governments are strapped for cash; second, companies are not; and, third, technological change means that finance ministers are finding it next to impossible to tax that pot of corporate cash. They are not even sure where it is.
Struggling European economies should learn from how Ireland put its economy into recovery mode, the Financial Times says in an editorial in today’s newspaper, arguing that Ireland provides “growing evidence of how countries that shape up after a crisis can recover strongly despite an unfavourable international outlook”.
Bundesbank president Jens Weidmann has said the room that governments have to stimulate growth through fiscal policy is often more limited than commonly believed.
Euro Topics: Around 100,000 Syrian Kurds fled over the border into Turkey on the weekend to escape fighting between IS terrorist militias and Kurdish troops, according to UN sources. At the same time 49 Turkish hostages who had been held by the IS in Iraq were set free. That should put an end to Ankara's hesitancy in supporting the anti-IS coalition, commentators write, but warn of the risks of intervening in Turkey's neighbouring countries.
Turkey between a rock and a hard place: After the release of the Turkish hostages by the IS on Saturday, the question of Turkey's joining the anti-IS alliance is all the more pressing. The country faces the choice between a rock and a hard place, the Swiss daily Tages-Anzeiger comments: "Until now Turkey has kept its distance from the coalition against the IS fighters, justifying this stance by pointing to the lives of the 49 people who were kidnapped in Mosul over three months ago. Now the Turkish hostages are free. So the pressure on the conservative Islamic government to join the international fight against the IS terror should now rise. So far Turkey has only committed to sending humanitarian aid. Now it's facing a dilemma: if it joins the conflict, the IS terrorists may once again threaten to carry out attacks in Istanbul. If it doesn't, and if it goes on refusing to let its air bases be used in the fight, the situation on its doorstep could escalate even further."
France's ex-president Nicolas Sarkozy confirmed his return to politics on Sunday in a televised interview. But the return of the Socialists' favourite foe is by no means good news for the left, the online magazine Slate warns: "His return is bad news because it's also the return of anti-Sarkozyism and of the left's ideal adversary. ... If anyone, Sarkozy is the man who can rekindle the Socialists' hopes for [the presidential elections of] 2017 and make them forget the economic and political reality. … Above all, Sarkozy is an excuse for them to be intellectually and politically lazy. … But while he's their favourite enemy he's also their greatest threat: both the perfect bogeyman and the man who stopped them from asking serious questions about political responsibility. It was he who prevented the left from trying to think through a social project that would mobilise popular support in the long-term."
Lithuania knows how to attract investors: According to statistics published in the Financial Times, foreign direct investment in Lithuania rose by 25 percent in the first six months of the year while it dropped in other countries of Central and Eastern Europe. Business magazine Verslo žinios is overjoyed: "The number of projects of this type went down the most in Latvia, a drop of 67 percent. And Estonia is not doing so well either - it has 44 percent fewer projects than in the first half of 2013. ... Investments in the design branch as well as in software development and testing have risen considerably [in Lithuania]. ... Lithuania has taken over the other countries in the region not just regarding the number of projects it attracts, but also in terms of jobs created by foreign investors. This is a very encouraging trend."
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