The euro is now at its highest in over a year, and this has to be more bad news for Mario Draghi.

The Government should increase capital spending and ease up on fiscal consolidation this year as better than expected tax receipts is leaving room for manoeuvre, Goodbody Stockbrokers’ chief economist Dermot O’Leary has said

EUROPEAN leaders may struggle to maintain the euphoria that drove the euro to its biggest one-day gain in more than a year as scrutiny deepens on their latest attempt to stem the region’s turmoil.

There were further tentative signs of recovery in the battered industrial sector today as official figures revealed the smallest annual decline in production since the financial crisis struck.