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Increased risk of Government missing 2014 deficit target – Irish Fiscal Advisory Council

A reduction in the adjustment made in last month’s Budget has increased the risk of Ireland missing a crucial target to cut its deficit, according to the Irish Fiscal Advisory Council.

MEPs vote through EU’s Horizon 2020 plan

The European Union’s new multi-billion euro research and innovation plan has been voted through by MEPs in Strasbourg.

EU Commissioner for Research, Science and Innovation Máire Geoghegan-Quinn said Ireland’s aim of securing €1 billion from Horizon 2020 is an “ambitious but achievable target”.

Since 2007, Ireland has secured more than €500m from the EU’s existing research and innovation programme – €100m of which went to small and medium sized enterprises.

Euro zone business recovery weakens unexpectedly

The fragile recovery in the euro zone private sector weakened unexpectedly this month despite resurgent growth in Germany, as French business activity took a tumble, surveys showed today.

EU parliament budget vote to benefit Irish citizens – Hayes

The European Union’s parliament approved a lower seven-year EU spending cap demanded by government leaders, ending a 29-month political battle dictated by Britain and other opponents of a bigger budget.

Several amendments to Finance Bill expected

Minister for Finance Michael Noonan has indicated that there will be a number of amendments to the Finance Bill, which is due to be debated in the Dáil this week.

Euro zone rebound weaker than hoped – ECB’s Nowotny

The economic situation in the euro zone has started to improve but is still weaker than the European Central Bank had hoped, ECB Governing Council member Ewald Nowotny said today.

“The economic situation in Europe and in the euro area in particular has started to improve over the last months or even the last year,” Nowotny told an economics conference.

But “one has to say that this improvement is not …

EU considers low-cost loans to members who sign ‘reform contracts’

THE European Union is considering whether it could encourage countries to make long-term economic changes by offering them loans at below-market rates, an EU official told reporters in Brussels yesterday.

Ireland still facing monitoring by EU and ECB after bailout exit

EU officials have confirmed that Ireland will continue to face monitoring following the state’s exit from the EU-IMF bailout programme.

Euro zone rebound weaker than hoped – ECB’s Nowotny

The economic situation in the euro zone has started to improve but is still weaker than the European Central Bank had hoped, ECB Governing Council member Ewald Nowotny said today.

“The economic situation in Europe and in the euro area in particular has started to improve over the last months or even the last year,” Nowotny told an economics conference.

But “one has to say that this improvement is not …

Ireland still facing monitoring by EU and ECB after bailout exit

EU officials have confirmed that Ireland will continue to face monitoring following the state’s exit from the EU-IMF bailout programme.

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