EU Commissioner defends eurozone rates

Low eurozone interest rates are not to blame for the sharp increase in Irish house prices and personal borrowing over the past decade, the European Commissioner for Economic and Monetary Affairs said on a visit to Dublin last week.

3rd February, 2007

Low eurozone interest rates are not to blame for the sharp increase in Irish house prices and personal borrowing over the past decade, the European Commissioner for Economic and Monetary Affairs said on a visit to Dublin last week.

Joaquin Almunia, a former minister for employment and public administration in the Spanish government, said membership of the euro had been positive for Ireland and that the single currency had helped to reduce inflationary pressures here...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago