Banking union grew out of lessons of financial crisis

The crisis exposed design flaws in the euro that are being tackled, and the foundations of the currency are now stronger

15th July, 2018

The EU Commission’s summer forecast gave a broadly positive assessment of Ireland. The gist was that we are doing well, but as a ‘highly open economy’ we need to be alert to changes outside our shores.

This is reflective of the wider EU position. Things are, by and large, going in the right direction. The euro area has seen 20 consecutive quarters of positive annual growth since 2012 and growth rates...

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