Padraic's Feed
May 18, 2015

Chastened Church leaders take back seat in Irish gay marriage vote

DUBLIN, May 18 (Reuters) – Its word was once law in Ireland
on everything from contraception to divorce. Now, shorn of much
of its influence, the Catholic Church has limited campaigning on
Friday’s gay marriage referendum to sermons to its remaining
flock.

Little over two decades after it legalised homosexuality,
Ireland will become the first country to approve same-sex
marriage via a popular vote, if polls that predict a victory by
as much as two-to-one prove accurate.

May 17, 2015
via FaithWorld

Irish PM Kenny says country must seize opportunity to approve gay marriage

Photo

(Ireland’s Prime Minister Enda Kenny wears a shamrocks on his lapel as he meets U.S. President Barack Obama in the Oval Office during a St. Patrick’s Day visit to the White House in Washington March 17, 2015. REUTERS/Jonathan Ernst)

Irish Prime Minister Enda Kenny said on Sunday that Ireland must seize its opportunity to become the first country to approve same-sex marriage in a popular vote when it holds a referendum on the issue on Friday.

May 12, 2015

Villa’s Grealish still to decide on Ireland or England

DUBLIN (Reuters) – Aston Villa teenager Jack Grealish has yet to decide whether to represent Ireland or England, according to Irish manager Martin O’Neill.

Grealish, who has burst on to the scene this season and has played a key role in Villa’s run to the FA Cup final, was born in England but has played at under-age level for Ireland, the country he qualifies for through his grandparents.

May 12, 2015

Soccer-Villa’s Grealish still to decide on Ireland or England

DUBLIN, May 12 (Reuters) – Aston Villa teenager Jack Grealish has yet to decide whether to represent Ireland or England, according to Irish manager Martin O’Neill.

Grealish, who has burst on to the scene this season and has played a key role in Villa’s run to the FA Cup final, was born in England but has played at under-age level for Ireland, the country he qualifies for through his grandparents.

May 1, 2015

Irish central bank bond policy unchanged, makes record profit

DUBLIN (Reuters) – Ireland’s central bank said on Friday it will not change the timetable for bond sales tied to a 2013 deal to ease the state’s burden as it delivered a record profit to the state last year, mainly on the sale of such bonds.

As part of the deal struck with the European Central Bank (ECB) to stretch out the cost of liquidating the collapsed Anglo Irish Bank, Ireland pledged to slowly feed new bonds worth 25 billion euros into the market via the country’s central bank.

May 1, 2015

Irish central bank chief cautions on recovery as prepares to retire

DUBLIN, May 1 (Reuters) – Ireland’s economy is still showing
the scars of the financial crisis and will need to be managed
very carefully, central bank Governor Patrick Honohan said on
Friday as he confirmed he would retire at the end of the year.

Honohan, who was appointed in late 2009 during Ireland’s
financial difficulties, said it was a good time to step down as
the bank was moving away from a crisis management phase with the
economy recovering and banks back in profit.

May 1, 2015

Allied Irish cuts mortgage rates after making first-quarter profit

May 1 (Reuters) – Allied Irish Banks (AIB) remained
profitable in the first quarter after clawing back more money
put aside for bad loans, the lender said on Friday, and
announced a cut to its standard variable mortgage after
political and public pressure.

After exceeding expectations with the sale of a 25 percent
stake in permanent tsb, the Irish government has turned
its attention to AIB and is considering a similarly sized sale
in the next country’s number 2 lender.

Apr 30, 2015

Irish central bank governor to retire at end of year – sources

DUBLIN (Reuters) – Irish Central Bank Governor Patrick Honohan will announce on Friday he intends to retire at the end of the year, nine months before his seven-year term was due to end, two sources familiar with the decision said.

Honohan, who is also a member of the European Central Bank’s (ECB) governing council, was appointed to his role at the height of Ireland’s financial crisis in September 2009 and tasked with restoring confidence in its banks and economy.

Apr 30, 2015

Trichet defends ECB role in Irish bailout, banking crisis

DUBLIN, April 30 (Reuters) – Ireland was in such a perilous
position in 2010 that it had no choice but to seek an
international aid programme, former European Central Bank head
Jean-Claude Trichet said on Thursday, defending his role in the
Irish crisis.

At a much-anticipated event during a parliamentary inquiry
into Ireland’s banking crisis, Trichet was questioned on his
actions during the near collapse of the country’s banks and
about the pressure Frankfurt put on Ireland before its bailout.

Apr 30, 2015

Trichet defends role in Irish bailout, says no other option

DUBLIN, April 30 (Reuters) – Ireland was in such a perilous
position in 2010 that it had no choice but to seek an
international aid programme, former European Central Bank head
Jean-Claude Trichet said on Wednesday, defending his role in the
bailout.

Trichet was speaking at a much-anticipated event,
facilitated by a parliamentary inquiry into Ireland’s banking
crisis, where he was questioned on the pressure Frankfurt put on
Ireland to take a bailout from the European Union and
International Monetary Fund.