Tag Archives: Italy

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Irish banks urged to set aside more money to cover bad loans

Credit ratings agency Moody’s have warned that Irish banks will need to set aside much more money to cover potentially bad loans. The same warning was issued to lenders in Spain, Italy and Britain. In their global banking outlook for 2013, released today, Moody’s said: “We believe that many banks, in particular in Spain, Italy, [...]

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Ireland has been deemed the best country in Western Europe to invest in

Ireland the best country in Western Europe to invest in

Ireland is the best country to invest in in Western Europe, according to the annual Global Best-to-Invest Rankings compiled by international magazine Site Selection. The country finished ahead of the UK, Germany, Austria, Switzerland and Italy, in the poll. Dublin was deemed the best metropolitan area to locate in followed by Frankfurt, Edinburgh and Birmingham. [...]

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Ireland has the highest level of private sector debt in the EU, according to Eurostat

Ireland has highest level of private sector debt in the EU

Ireland had the highest level of private sector debt in the European Union in 2010, according to new figures from Eurostat. In a new report on economic imbalances, the statistical agency says Irish private sector debt that year amounted to 341.3% of GDP. By comparison, Greek private sector debt was 124% of GDP, and Italian [...]

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