Padraic's Feed
Sep 29, 2015

Ireland to increase capital spending to keep up with recovery

DUBLIN, Sept 29 (Reuters) – Ireland unveiled a six-year 27
billion-euro ($30 billion) capital investment plan on Tuesday,
gradually increasing spending and promising voters rail,
broadband and school projects in the run-up to elections.

Dublin had to sharply cut its capital budget and postpone
major projects under an austerity drive that followed its 2008
financial crisis. It plans to increase it again now that
government finances are back under control and the economy
growing faster than anywhere in Europe.

Sep 29, 2015

Ireland’s NAMA sells loans for 1.85 billion euros in biggest deal yet

DUBLIN (Reuters) – Ireland’s state-run “bad bank” completed its biggest sale to date on Tuesday with the disposal of a loan portfolio to a joint venture of Hammerson Plc and Allianz Real Estate Germany GMBH for 1.85 billion euros ($2.1 billion).

The National Asset Management Agency (NAMA) was set up in 2009 following Ireland’s financial crash and paid a total of 32 billion euros to purge local banks of risky loans worth 74 billion euros.

Sep 28, 2015

Ireland’s Kenny weighs up early election as recovery gains pace

DUBLIN (Reuters) – Irish Prime Minister Enda Kenny must shortly decide whether to call an early election and capitalize on increasingly positive economic news or wait until early next year when voters might more firmly feel the recovery in their pockets.

Kenny has until March to set a date and has always said he will wait until the new year. But with opinion polls putting his Fine Gael party and coalition partners Labour within striking distance of re-election, party colleagues and strategists say a November ballot is being considered.

Sep 21, 2015

Political stakes high for Sinn Fein in North Irish crisis talks

DUBLIN (Reuters) – Sinn Fein’s hopes of becoming the latest European anti-austerity party to break into power will be tested in the coming weeks as it struggles to save Northern Ireland’s power-sharing government from collapse.

The former political wing of the Irish Republican Army (IRA) has been part of Belfast’s compulsory coalition for years but is seeking a major breakthrough in elections in the larger Irish republic to the south, where its popularity surged during the country’s financial crisis.

Sep 11, 2015

Britain, Ireland call for talks to calm Northern Ireland crisis

DUBLIN (Reuters) – Britain and Ireland sought to calm Northern Ireland’s political crisis on Friday by calling on Protestant unionists and Catholic nationalists to preserve a power-sharing government that ended decades of sectarian violence.

The British province’s devolved administration is on the brink of collapse after a murder linked to former members of the paramilitary Irish Republican Army prompted its First Minister Peter Robinson to step aside.

Sep 10, 2015

Northern Ireland spirals towards worst crisis since 1998 peace deal

BELFAST (Reuters) – Northern Ireland’s power-sharing administration was on the brink of collapse on Thursday after a murder linked to the IRA plunged the province towards the gravest crisis since a 1998 peace deal ended years of sectarian violence.

In a day of high drama in Northern Ireland, First Minister Peter Robinson stepped aside with all but one of his unionist party allies, a step that leaves the power sharing agreement between Catholic Irish nationalists and their Protestant rivals hanging by a thread.

Sep 10, 2015

Northern Irish First Minister resigns amid political crisis

BELFAST (Reuters) – Northern Ireland’s first minister resigned on Thursday and asked the British government to suspend the province’s parliament, in a protest over a murder that police said was linked to the disbanded Irish Republican Army.

First Minister Peter Robinson’s Democratic Unionist Party (DUP) had said on Wednesday its ministers would resign if its call for an adjournment was not backed or London did not agree to suspend parliament.

Sep 10, 2015

Irish economy to grow by around 6 percent in 2015 after strong second quarter

DUBLIN (Reuters) – Ireland’s government expects the economy to grow by around 6 percent this year, far more than originally forecast after data on Thursday showed that it grew by 1.9 percent quarter-on-quarter from April to June.

After growing by more than 5 percent in 2014, Ireland’s fast recovering economy was already set to be the best performing in Europe for the second successive year when the government forecast in April that it would grow by 4 percent this year.

Sep 5, 2015

In-form Ireland desperate to finally make their mark

DUBLIN (Reuters) – Having made flattering to deceive an art form in recent Rugby World Cups, Ireland can justifiably say this time they really are different when they make the short trip across the Irish sea as genuine contenders.

Winners of successive Six Nations titles, Ireland are loaded with experience, possess world class operators such as Paul O’Connell, Jonathan Sexton and Jamie Heaslip and, in Joe Schmidt, are coached by one of the sharpest minds in the game.

Sep 5, 2015

Imposing Henderson forces his way into Irish reckoning

DUBLIN (Reuters) – The profile picture on Iain Henderson’s Twitter page shows the big Ulsterman being tackled to the ground by two defenders while flicking an audacious one-handed pass to a team mate.

It neatly sums up a young man who could easily be the standout player at the Rugby World Cup.