Clear and decisive action is also needed to mitigate the potential for economic catastrophe.

Seán Kelly MEP has warned that the Coronavirus poses the biggest financial threat to Europe and globally, since the 2008 crash.

It is too early to gauge the full economic and trade effects of the coronavirus outbreak, however, a number of global agencies have come out with their estimates of the likely damage to international trade and various economies across the globe.

The OECD has told world leaders they can’t sit back and let the coronavirus ravage their economies, warning that the world is in “its most precarious position since the global financial crisis”.

Geoff Percival Discount clothing retailer Primark has reported a 4.5% year-on-year rise in sales for the 16 weeks up to January 4, driven by a strong performance in the eurozone, including Ireland.

Over the autumn, stock markets rallied strongly, bond yields rose, and traders scaled back their expectations of further policy easing by central banks.

Persistently low interest rates in the eurozone have helped place some property markets in European cities into the overvalued territory for the first time, putting their home markets into danger, UBS has said.

A marked improvement in risk appetite has been a noticeable feature of financial markets this month, leading to a sharp rise in bond yields with equities making good ground.

The ECB is actually concerned that prices are increasing more slowly than it would like, but its ability to raise the rate of inflation is dubious, says

Brexit is continuing to cast a shadow of uncertainty over Irish tourism, with a drop in the number of holidaymakers visiting the country in the month of July when compared to this time last year.

The housing market has long been correctly identified as one of the most important economic and social issues that Irish policymakers need to get on top of.

Borrowers shouldn’t hold their breath for Irish banks to cut mortgage rates by any great extent despite the ECB being widely-tipped to cut some official rates next month, a leading broker has said.

The ECB is in the spotlight ahead of a meeting today as it ponders making significant moves, including a rate cut that would be earlier than expected, following a survey on the dire health of manufacturing across the eurozone.

Bank of Ireland have launched a new summer cashback offer that will see customers receiving 3% cashback on all Visa debit transactions made outside the Eurozone.

Buoyant stock markets continue to climb higher. The Euro Stoxx-50 is up 17% so far this year-to-date.

Discount clothing retailer Primark has said it is pleased with its trading performance in Ireland in its current financial year.

According to Mercer's new survey, Hong Kong is the costliest place in the world for expats.

The regulator said the weighted average interest rate on all new mortgages agreed in Ireland stood at 3.03% in April, up three basis points on the previous month.

ECB president Mario Draghi disappointed expectations the bank would act decisively to counter growing global economic clouds — but financial markets signal that it could yet be forced to cut rates later this year.

Low interest rates are justified by economic conditions in the eurozone and their impact on banks’ profitability should not be exaggerated, says ECB policymaker Francois Villeroy de Galhau.

Cheap flights, food and hotels are just some of the advantages of visiting Romania. However, there is so much more to this great destination, says Isabel Conway

Around 10,000 Ulster Bank customers are paying one of the highest mortgage rates in the eurozone, at 4.3%, despite opportunities to move to a lower band, the lender has said.

A year ago, the European Central Bank took advantage of a temporary uptick in prices to declare victory in its fight to bring eurozone inflation up to its target of “below, but close to, 2%” writes Daniel Gros.

Europe’s economic outlook has been thrown into fresh doubt after reports showed weakness across France and Germany.

Latest figures from the Central Bank show that the average interest rate on a new mortgage in Ireland is 3.01%.

Anyone taking a cursory glance at current pharmaceutical industry revenues and forecasts could be forgiven for thinking that all is well, writes John Whelan.

Making a quick buck might seem fine now, but the fleecing of Irish mortgage holders will eventually put the overall banking sector and the wider economy at risk, argues Billy Kelleher.

The rates will be 1% less than what's currently on offer, and will be available to both new holders and mortgage switchers.

Chaos in Turkey will be another headwind for the euro, but the fallout for many bank shares may be limited, economists have said.

A cheap holiday in the sun could cost Irish holidaymakers more than they expect, price comparison site, Switcher.ie, has warned.

Last week, Germany and Japan became the latest countries to publish GDP figures, showing that their economies lost momentum in the opening quarter of the year, writes Oliver Mangan. 

Irish people put away almost €9bn in personal savings accounts last year, amid unattractive deposit rates.

World stock markets have endured a difficult three months. They have been buffeted by a series of destabilising events.

The Government and Central Bank regulators have been accused of letting down customers after it emerged Irish first-time buyers will pay up to €61,641 more in interest costs over the lifetime of their mortgages than anywhere else in Europe.