Tag Archives: Paschal Donohoe

This morning.

KBC has confirmed its intention to quit the Irish market.

Meanwhile…

…Social Democrats co-leader Róisín Shortall said:

“Finance Minister Pascal Donohoe said he found out about KBC’s proposed exit when he received a call from the CEOs of KBC and Bank of Ireland at 9pm last night to advise him the banks had entered into a Memorandum of Understanding to sell KBC’s performing loans to AIB.

“It is concerning that the Minister was apparently among the last to know of the banks’ plans, given their serious implications for both staff and consumers.”

Anyone?

KBC looks at Irish exit plan with Bank of Ireland deal (RTÉ)

RollingNews

Minister for Finance Paschal Donohoe

This morning.

Morning Ireland on RTÉ Radio One.

Good times.

Previously: VAT On Children’s Shoes (RTE Archive)

RollingNews

Minister for Finance Paschal Donohoe

This Morning/afternoon.

Via RTE:

“Intense discussions” on how the country will exit Level 5 restrictions are “necessary” and are under way, the Finance Minister has said, describing it as a “decision of magnitude”.

Paschal Donohoe said the Government is hearing assessments from NPHET, adding it is important to acknowledge that the country is making progress on beating the virus.

“If you are looking at all indicators where we were a few weeks ago we are in a better place but not as good a place as we would like to be,” Mr Donohoe stated.

Intense.

‘Intense discussions’ on exiting Level 5 under way – Donohoe (RTÉ)

RollingNews

Meanwhile…

In fairness.

HOWEVER…

…He walked this back last Monday.

FIGHT!

Above from left: the Minister for Public Expenditure and Reform, Michael McGrath; The Minister for Finance, Paschal Donohoe, and the Minister for Social Protection, Community and Rural Development, Heather Humphreys outline changes to the Pandemic Unemployment Payment and the Employment Wage Subsidy Scheme this afternoon

This afternoon.

Government Buildings, Dublin 2.

The budget deficit this year will now be €23 billion, up approximately €1.25 billion on the figure outlined in Budget 2021, Minister for Finance, Paschal Donohoe announced at a press conference.

Via RTÉ

The increase reflects the anticipated €2 billion spend over the next six weeks on several income and business support schemes as Level 5 restrictions come into play.

This will mean that GDP is expected to decline this year by 3.5%, a further 1% decline on the forecast released at Budget time.

Mr Donohoe said that the enhanced Employment Wage Subsidy Scheme (EWSS) is expected to cost €105m a week, the new Covid Restrictions Support Scheme (CRSS) €80m a week and the PUP €135m a week.

Social Protection Minister Heather Humphreys said the enhanced PUP will be given at its current rate until January when it will then be reviewed….

Level 5 Covid restrictions to push Budget deficit up to €23 billion (RTÉ)

Julian Behal Photography/RollingNews

This afternoon.

The Department of the Taoiseach, Merrion Street, Dublin 2.

Minister for Finance, Paschal Donohoe TD provided an update on the Employment Wage Subsidy Scheme, and announced details of the taxation of amounts received by employees under the Temporary Wage Subsidy Scheme and Pandemic Unemployment Payment.

Meanwhile

Anyone?

PUP/TWSS recipients to discover tax liabilities in January – Revenue (RTÉ)

Sam Boal/RollingNews

This morning.

Berlin, Germany.

Newly-elected President of the Eurogroup (of the Union’s finance ministers), Paschal Donohoe at a press conference with ECB head Christine Legarde (above right) among others following his first meeting in the role.

Rollingnews/Council of the European Union live broadcast

Earlier…

Banking union…?

Meanwhile…

Good times.

Minister for Finance Paschal Donohoe

Last night.

Government Buildings. Dublin 2.

Minister for Finance Paschal Donohoe announced that tax revenues were down 18.6% – or €983 million – compared to July last year. ..

Meanwhile…

This morning.

Anyone?

Sam Boal/Rollingnews

This evening.

The Department of Finance announces:

The Minister for Finance, Paschal Donohoe TD, has today (Thursday) been elected as President of Eurogroup of Finance Ministers, succeeding Portugal’s Mario Centeno. His term will commence on 13 July, and he will serve for 2.5 years in the role.

Minister Donohoe was elected by his fellow Euro Area Finance Ministers at a meeting of the Eurogroup held by video conference. The other candidates were Minister Nadia Calviño of Spain, and Minister Pierre Gramegna of Luxembourg.

The Eurogroup is the body through which Finance Ministers of the 19 Euro area Member States take decisions on policy issues relating to management of the Euro area economy. Finance Ministers of the eight Member States who are not part of the Euro area frequently attend meetings given the importance of the issues under discussion.

The Eurogroup President has a vital role in shaping the agenda and policy response to major economic issues, including the economic impact of the present COVID-19 pandemic. Minister Donohoe is one of the longest-serving EU Finance Ministers and members of the Eurogroup.

FIGHT!

Meanwhile…

Hanseatic League?

Earlier:

Paschal Donohoe has been elected president of the Eurogroup (The Irish Times)

Yesterday: Intensive canvassing before Paschal Donohoe’s Eurogroup bid

Meanwhile…

This afternoon.

Save yourselves, for pity’s sake.

Exchequer returns reveal €6.1bn deficit in May as Covid-19 spending soars (RTÉ)

Rollingnews

This afternoon.

Government Buildings, Dublin 2.

Via The Irish Times:

In a briefing to the media following Friday’s Cabinet meeting, Mr Varadkar said secondary schools and primary schools will reopen fully at the start of the school year.

However…

He said it may not be possible for every pupil to attend every school for the whole day every day at the start of school term but the intention was to revert to that as quickly as possible.

Also…

Katherine Zappone, the Minister for Children, also confirmed that childcare facilities will reopen with “playpods” for young children, with up to six infants aged under one being allowed in a single playpod….

Hmm.

Meanwhile…

Minister for Finance Paschal Donohoe meanwhile said that the temporary wage subsidy scheme will now apply to people returning to work from maternity leave, and from paternity leave.

Govt intends to reopen primary and secondary schools at end of August (RTÉ)

Taoiseach has confirmed schools will reopen at the end of August (Irish Times)

Earlier: ‘Behaving As Though Every Home Still Had A Stay At Home Mother’

Photocall Ireland

Meanwhile…

Previously: €44,000 Paid Per Private Bed In April