If you're planning a trip to Ireland, now's the time. The Irish pound has hit a 15-year low in its exchange rate with the dollar, falling to as low as 95 cents at the time of going to press. It is expected that the rate will continue to fall due to the Euro's weak performance on foreign currency markets. The Irish pound or punt is now tied to the Euro since eleven European … [Read more...] about The Punt Takes a Pounding…
Economics
News from Ireland: Irish Government Curbs Inflation
As Irish inflation approaches 5.5 percent, three times the European average, the Irish government has launched a crackdown. Irish prime minister Bertie Ahern has ordered government ministers to inform bodies under their supervision to postpone increases. Banks and building societies have been targeted in the effort to control price increases. Finance Minister Charlie … [Read more...] about News from Ireland: Irish Government Curbs Inflation