Posts Categorized: Syndicated News

Household debt falls to lowest level since 2006 – Central Bank

Household debt has fallen to its lowest level in almost seven years, according to figures from the Central Bank. Debt levels fell €1.7 billion in the second quarter of 2013 to €170.3 billion, according to the authority’s latest quarterly financial accounts, putting it at its lowest level since the second half of 2006.

Irish economy stabilising, but challenges remain – Commission

The European Commission has revised downwards its predictions for Irish economic growth for this year and next, mainly due to weaker than expected exports and domestic demand. In its latest Autumn forecast, the Commission predicts that the Irish economy – as measured by GDP – is expected to grow by 0.3% this year, by 1.7%… Read more »

Poor week for Irish banking’ says New Beginning

This week is a “very poor week for Irish banking”, according to an organisation which provides free legal representation for mortgage holders in arrears. Vincent Martin co-founder of New Beginning said the new insolvency regime “is the only comfort” this week because it will provide “a chance for ordinary debtors to recover”.