Category Archives: Ireland

The Republic of Ireland’s progress on deficit reduction has been approved by the European authorities – a condition of last year’s bail-out. They have looked at the Republic’s performance throughout the first three months of the year and have said that it has met its targets. The country’s Finance Minister, Michael Noonan, told a news conference that the bodies had been “very complimentary”. Earlier its credit rating was cut again on concern over its financial strength. The credit rating agency Moody’s marked the country down two notches on the scale to a status just one notch from “junk”. Such a move typically means that the government will have to pay … Continue reading →