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Dec 13, 2013

Irish government faces post-bailout battle to woo back voters

DUBLIN (Reuters) – After a three-year struggle to convince financial markets that Ireland’s economy is back on track, Prime Minister Enda Kenny’s government now has to make the case to an equally tough audience: the Irish people.

A grueling course of austerity has set Ireland up to become the first euro zone country to exit a bailout this weekend but it has cost the government almost a third of its support, raising pressure to boost spending two years before an election.

Dec 2, 2013

Single supervision to boost bank mergers -Constancio

DUBLIN, Dec 2 (Reuters) – The centralisation of banking
supervision in the euro zone is expected to lead to mergers
among European banks and a stronger reliance on market funding,
European Central Bank Vice-President Vitor Constancio said on
Monday.

Constancio is one of two Executive Board members tasked with
setting up a new banking watchdog under the ECB’s roof, part of
a broader push to more closely integrate the European financial
system to help it weather future crises.

Nov 26, 2013

Irish unemployment drops sharply as bailout exit nears

DUBLIN, Nov 26 (Reuters) – Irish unemployment shrank at its
fastest pace in four years in the third quarter, falling below
13 percent for the first time since a property bust and boosting
the government just as it completes its EU-IMF bailout.

The seasonally adjusted unemployment rate, widely seen as
one of the most important measures of the economy, fell to 12.8
percent from a revised 13.6 percent in the second quarter, the
Central Statistics Office said on Tuesday.

Nov 26, 2013

Irish unemployment drops sharply to four-year low

DUBLIN (Reuters) – Ireland’s unemployment rate fell sharply in the third quarter to below 13 percent for the first time since a property bust brought the economy to its knees, boosting the government weeks before its EU-IMF bailout ends.

The seasonally adjusted unemployment rate, widely seen as one of the most important measures of the domestic economy, fell to 12.8 percent from a revised 13.6 percent in the second quarter, the Central Statistics Office said.

Nov 16, 2013

Australia close to getting balance right says McKenzie

DUBLIN (Reuters) – Australia’s four-try demolition of Ireland shows the team are finally getting the balance right after a string of bad results, coach Ewen McKenzie said after they posted successive victories for the first time in his tenure.

The Wallabies, who suffered three heavy defeats to the All Blacks and two to the Springboks in the southern hemisphere test season and lost to England two weeks ago bounced back with an incisive 32-15 victory in Dublin on Saturday.

Nov 16, 2013

Rugby-Australia close to getting balance right says McKenzie

DUBLIN, Nov 16 (Reuters) – Australia’s four-try demolition of Ireland shows the team are finally getting the balance right after a string of bad results, coach Ewen McKenzie said after they posted successive victories for the first time in his tenure.

The Wallabies, who suffered three heavy defeats to the All Blacks and two to the Springboks in the southern hemisphere test season and lost to England two weeks ago bounced back with an incisive 32-15 victory in Dublin on Saturday.

Nov 14, 2013

Ireland opts to exit bailout without back up credit line

DUBLIN (Reuters) – Ireland said on Thursday it would make a clean break from its EU/IMF bailout next month, forgoing a precautionary credit line that some of its European partners had wanted it to take.

Its prime minister, Enda Kenny, said it was the right decision at the right time for his country.

Nov 5, 2013

Ryanair investors berate O’Leary but fear his leaving

DUBLIN/LONDON (Reuters) – When one Ryanair (RYA.I: Quote, Profile, Research, Stock Buzz) shareholder made a stinging attack on Chief Executive Michael O’Leary at the airline’s annual meeting for scaring off customers with his “bullying” and “macho” style, there was one thing he didn’t mention.

That O’Leary’s leaving was one of his biggest fears.

As Ryanair scrambles to reinvent itself and woo customers from higher-cost rivals to fill hundreds of new planes, there are growing concerns about the cost of what O’Leary recently described as his “personal character deformities”.

Nov 4, 2013

Ryanair cuts profit forecast again as fares fall in Europe

DUBLIN (Reuters) – Ryanair’s (RYA.I: Quote, Profile, Research, Stock Buzz) annual profit is set to fall for the first time in five years as intense competition in Europe pushes average fares down by around 10 percent over the winter months, Europe’s largest airline by passenger numbers said on Monday.

Two months after issuing its first profit warning in a decade, the Irish budget carrier cut its profit forecast further for its current financial year ending in March to around 510 million euros ($688 million) from 570 million euros.

Nov 1, 2013

O’Leary says no radical overhaul of Ryanair culture

DUBLIN (Reuters) – Budget airline Ryanair (RYA.I: Quote, Profile, Research) has no plans to radically overhaul the way it is managed and has already unveiled most of the promised customer service improvements in an effort to improve its image, Chief Executive Michael O’Leary told Reuters.

The charismatic but often outspoken O’Leary has said he wants to overhaul an “abrupt culture” at Europe’s biggest airline, famous for its no-frills service and extra charges that have annoyed many flyers.