Ireland

Top civil servant to be new governor in Ireland

IRELAND - Mr John Hurley, the senior civil servant in the Department of Finance, will be the new governor of the Central Bank. The incumbent, Mr Maurice O'Connell, has indicated to the Minister for Finance, Mr Charlie McCreevy that he will be stepping…

Shoppers and forgers move to euro

EUROPE - Two weeks after the launch of euro notes and coins, more than 90% of transactions in Ireland are being made in the currency, the country's official changeover body said.

Euros become majority currency in Ireland

IRELAND - The amount of euros in circulation has for the first time surpassed the amount of pounds in circulation, according to latest figures from the Central Bank of Ireland. At close of business on Thursday, the Central Bank had issued 148 million…

Ireland's euro transition outpaces EU

IRELAND - Ireland is outpacing other euro-zone countries in the euro changeover with the number of Irish pounds in circulation falling almost twice as fast as other national currencies, reports an Irish newspaper.

First euro coins to be rolled out today

NETHERLANDS - Preparations for the changeover to euro notes and coins take a key psychological step forward today as citizens of France, Ireland and the Netherlands become the first in the eurozone to get their hands on the new euro coins.

Distribution of euros to start tomorrow

GERMANY - The mass distribution in Europe of new cash in euros begins tomorrow, when France, the Netherlands and Ireland begin to sell packets of euro coins to the public. Other countries will follow in the days ahead.

Irish government hold on c bank gov post must end

ARTICLE - It is likely the Government will appoint a new governor for the Central Bank of Ireland within the next few months. Although the incumbent, Mr Maurice O'Connell, was appointed to a second term earlier this year, it is understood that he will…

€ Euro - Luck of the Irish thwarted

IRELAND - When David Hickey instructed his bank in Dublin to transfer funds to an account in Spain, he never expected to end up in court, fingerprinted, handcuffed and facing possible criminal charges.

Irish may reject Nice Treaty

IRELAND - Just over 30 percent of Irish voters took part in a referendum on the Nice Treaty on 7 June. RTE, the Irish state broadcaster, says early indications are that "there is a strong possibility the Nice Treaty may have been rejected by the voters."

Finance minister McCreevy defends Irish budget

IRELAND - Ireland's Finance Minister, Charlie McCreevy, whose budget was singled out for a reprimand by the European Commission, said in front of euro MPs that he was "amused" by the criticism, especially as other member states had debt to GDP ratios…

Ireland sets up new financial regulation body

The Irish government said on Feb 20, 2001 it had set up a "radical and innovative" new structure for financial services regulation, linking the Central Bank of Ireland to the Financial Services Authority.

Irish cbank governor nominated for another term

Ireland's Minister for Finance Charlie McCreevy on Feb 16, 2001 said he has formally asked the president of Ireland, Mary McAleese, to re-appoint Maurice O'Connell as governor of the Central Bank of Ireland for another seven-year term. O'Connell, 65,…

ECB Duisenberg says Irish budget out of line

European Central Bank President Wim Duisenberg on Feb. 1 said he shared the European Commission's critical assessment of Ireland's expansionary budgetary policies. The Commission has asked EU finance ministers to issue an unprecedented formal reprimand…

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