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  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of views_handler_argument::init() should be compatible with views_handler::init(&$view, $options) in /home1/finfacts/public_html/sites/all/modules/views/handlers/views_handler_argument.inc on line 745.
  • strict warning: Declaration of views_handler_filter::options_validate() should be compatible with views_handler::options_validate($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/handlers/views_handler_filter.inc on line 589.
  • strict warning: Declaration of views_handler_filter::options_submit() should be compatible with views_handler::options_submit($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/handlers/views_handler_filter.inc on line 589.
  • strict warning: Declaration of views_handler_filter_node_status::operator_form() should be compatible with views_handler_filter::operator_form(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/modules/node/views_handler_filter_node_status.inc on line 14.
  • strict warning: Declaration of date_api_filter_handler::value_validate() should be compatible with views_handler_filter::value_validate($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/date/includes/date_api_filter_handler.inc on line 578.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of uc_product_handler_field_price::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/ubercart/uc_product/views/uc_product_handler_field_price.inc on line 94.
  • strict warning: Declaration of uc_product_handler_field_weight::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/ubercart/uc_product/views/uc_product_handler_field_weight.inc on line 61.
  • strict warning: Declaration of views_handler_field_user::init() should be compatible with views_handler_field::init(&$view, $options) in /home1/finfacts/public_html/sites/all/modules/views/modules/user/views_handler_field_user.inc on line 48.
  • strict warning: Declaration of semanticviews_plugin_style_default::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/semanticviews/semanticviews_plugin_style_default.inc on line 232.
  • strict warning: Declaration of views_plugin_row::options_validate() should be compatible with views_plugin::options_validate(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/plugins/views_plugin_row.inc on line 135.
  • strict warning: Declaration of views_plugin_row::options_submit() should be compatible with views_plugin::options_submit(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/plugins/views_plugin_row.inc on line 135.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • warning: Creating default object from empty value in /home1/finfacts/public_html/sites/all/modules/views/includes/handlers.inc on line 653.
  • strict warning: Declaration of views_plugin_style_default::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/views/plugins/views_plugin_style_default.inc on line 25.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
Ireland

Ireland

(May 2012) Irish Economy: John Kenneth Galbraith (1908-2006), the renowned American economist, once said: “The only function of economic forecasting is to make astrology look respectable.” Forecasts for near years tend to be cautious and more liberal further out. In the latest Irish economic forecast, GNP [gross national product], which mainly differs from GDP [gross domestic product] by excluding the profits of the dominant multinational sector and is viewed as a more reliable metric of economic activity, is forecast to rise by an anaemic 1% in 2014 and 2% in 2015.
(May 2012) The treaty is merely a set of simple rules that creditor countries would reasonably require to have before agreeing a pooling of debt. If not this treaty, it would be something similar to start a long process towards a closer fiscal union. Academic economists ha and politicians have dominated the debate while firms in the Irish indigenous sector in particular, are struggling to survive. Construction is seen as an answer to the woes caused by a property crash as ideas on creating sustainable jobs are sparse. arguments about the European social model are interesting as a key question is if any country can afford state guaranteed employment for all together with high pay and pension benefits. There is a reluctance to acknowledge that the European growth crisis is not new because that could raise some inconvenient truths that cannot be blamed on Europe.
(May 2012) A World Bank survey on foreign direct investment promotion ranks the 'Invest in Austria' website as the best of 189 countries in a report published this week. Austria is followed by CzechInvest (Czech Republic), Austrade (Australia), Germany Trade and Invest and Invest in Denmark. The World Bank says that while there are highly competitive IPI (investment promotion intermediary) websites in all regions of the world, the best from investor perspectives continue to come from OECD countries. Of the list of the top 10, websites, eight are from 34 mainly developed OECD economies. The website of IDA Ireland, the Irish government's agency, was unranked.
(May 2012) The Irish Department of Finance has published updated projections for the public finances. The current deficit reduction plan rests on relatively small additional budgetary adjustments (€7.8bn) through 2013-2015 compared with the €25.0bn of expenditure cuts and tax rises since July 2008. However, the plan also rests on a robust pick-up in the nominal growth of GDP (gross domestic product) to 3-4% by 2013. Should Irish nominal GDP growth disappoint by just 1 percentage point (pp) per annum, the ratio of gross government debt to GDP could be 10pp higher than expected by 2015. Last month, the Department of Finance said that while taxation receipts in 2012 are projected to be just above 2004 levels, the gross voted expenditure of Government Departments and Offices in 2012, at an estimated €56bn, is projected to be 37% above the level it was in 2004, despite the very significant adjustments to both revenues and expenditure since mid-2008.
(May 2012) Dublin Airport had the biggest plunge in traffic in the EU in 2010, according to Eurostat, the statistics office of the European Union.
(May 2012) Irish Referendum: The euro will not survive without a minimum federal union in the long run and if the genesis of this union has to begin with the Fiscal Compact Treaty or some similar alternative initial rules framework, most likely there would be some members who would require them to be ratified by national parliaments. Ireland which has only one real ally in Europe - - the UK -- will not stop progress. However, no treaty would ever be perfect and would likely be opposed by a significant chunk of Irish voters no matter what.
(May 2012) Irish house prices were undervalued by 12 to 26% at the end of 2011, economists at the Central Bank said in a paper published on Monday. The economists say that a lack of consumer confidence and expectations about further price falls is holding back purchases. In addition a shortage of mortgage finance is restricting market activity and price levels. The paper warns that any immediate revival of the sector still appears to be some way off.
(April 2012) Last weekend, a seminar during the International Monetary Fund's Spring Meetings in Washington, DC, had presentations from the head of the IMF’s European Department and the mission chiefs responsible for Greece, Ireland, and Portugal on the various challenges facing these countries and the paths they are pursuing toward recovery. A build-up of debt after joining the Eurozone led three very different countries to the doors of the International Monetary Fund as the global economic and European debt crises took their toll on the Greek, Irish, and Portuguese economies.
(April 2012) Ireland, Portugal and Greece have had varying levels of success in attracting FDI (foreign direct investment) since their Eurozone bailouts. Out of the three countries to have received EU bailouts - - Ireland, Portugal and Greece - - Ireland is the only one to have enjoyed an increase in recorded FDI since the financial crisis began in 2008.
(April 2012) Irish exports have been seen as the beacon amidst the bleak wreckage of post-crash times. However, while total exports have risen 61% in real terms in the period 2000-2011, employment in internationally tradeable goods and services firms - - both foreign-owned and indigenous firms - - is lower than in 2000 despite a 25% growth of the workforce during the property bubble period. The evidence of a sharp disconnect between the dominant foreign-owned sector and the depressed domestic economy is very evident and what could be termed phantom services exports are one key factor.