Money Talks

By RTÉ Europe Correspondent Paul Cunningham It’s budget time in Brussels – drafting a trillion euro financial plan for the years 2014 to 2020. EU leaders want agreement by November, and so decision time looms. The EU budget is of particular importance to Irish ministers this time round.

Spanish budget may offer bailout clues

By Tony Connelly, Europe Editor, in Madrid Now that the Spanish budget has been presented we should know more about when the government of Mariano Rajoy will move into full bailout mode. The centre-right prime minister has delayed long and hard before seeking a rescue, but the European Commission has warned that it is a dangerous game which could deepen the country’s economic woes, and stop the fragile sense of eurozone optimism in its tracks.

If the ECB is eager to do a deal – what happens next?

By Paul Cunningham, Europe Correspondent, in Nicosia It now appears inevitable that the Government will reach a deal with the European Central Bank on lowering the cost to the taxpayer of the highly-expensive Anglo Irish Bank promissory note scheme. ECB Executive Board member Jorg Asmussen has spoken publicly about how its officials are working under “heavy time pressure” to finalise an agreement. Minister for Finance Michael Noonan told journalists in Nicosia that the ECB was “more eager now to move …

Stuttgart seeking Ireland’s IT talent

By Tony Connelly, RTE Europe Editor, in Stuttgart Stuttgart may live long in Irish folklore as the place where, in 1988, a certain Ray Houghton put the ball in the English net, but could it become the Promised Land for Irish IT graduates? “I think the Irish would do very well, particularly in this part of Germany,” says Mark Hyland, a graduate from Roscrea who now teaches English to executives at the huge Mercedes Benz production facility outside Stuttgart.