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Bankers hint rate cut may be on the way
Members of the European Central Bank's (ECB) governing council have fuelled speculation that a cut in interest rates is on the way. They defended the ECB's monetary policy against charges that it is strangling economic growth and dismissed fears of Japanese-style deflation in the euro zone. p
Credit unions anxious over regulation Bill
The Irish League of Credit Unions has deferred introduction of its new funding structure, and is seeking an "urgent" meeting with the Minister for Finance, Mr McCreevy, about the proposed new single financial regulatory authority. The league is concerned that changes which the Minister is proposing to the legislation underpinning the new financial regulatory authority will undermine the "ethos and special character" of credit unions. p
Ahern denies withdrawal of €26m for marine projects
The Department of Communications, Marine & Natural Resources has denied that €26 million in funding for marine infrastructure projects has been withdrawn. p
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George dismisses concerns over 'black hole' in UK public finances
Bank of England governor Mr Eddie George dismissed concerns yesterday that the British government was facing a gaping budget deficit due to slower than expected economic growth. p'Europe needs financial system stability forum'
Britain's top financial regulator has said that Europe needs an overarching forum for supervisors from all industry sectors to examine risks posed to the financial system. pSo long and thanks for all the fish
BUSINESS OPINION/John McManus: Normally you would expect to find cod covered in batter and wrapped up in the Sunday World rather than featuring on its news pages. But sometimes it takes the tabloid press to get to the heart of an issue and the current row over Ireland's fish stocks is one such time. Two weeks ago the Sunday World asked a few pertinent questions of Eurostat - the Commission's statistics service - which put the whole thing in a different perspective. p
