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The Latest Breaking News from Paschal Donohoe

World Bank drops climate funding target, raising fears for Africa

The World Bank has abandoned its target of directing 45 percent of its financing to projects that help tackle climate change, prompting warnings that poorer countries – especially in Africa – could receive less support to adapt to a warming world.

Radio France Internationale

Harris takes finance post in Irish Cabinet reshuffle

Ireland’s deputy premier Simon Harris has assumed the position as Finance Minister in a Cabinet reshuffle prompted by a high-profile resignation.

Evening Standard

Europe must reinvent growth formula in changing world, Eurogroup boss tells Euronews

Europe must reinvent its growth model in changing world hit by tariffs and force, Eurogroup boss tells Euronews in exclusive interview.

Euronews

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Political pressure mounts on Belgium to back reparations loan for Ukraine

Support for a €140 billion reparations loan to Ukraine is intensifying, but Belgium is holding its ground. Talks with the European Commission have stalled and failed to deliver any progress.

Euronews

PTSB sale good news for the Irish economy – Taoiseach

The bank announced the commencement of a formal sale process on Thursday.

Evening Standard

Partially state-owned PTSB put up for sale

The sale, if successful, would end the last remaining shareholding in an Irish bank.

Evening Standard

Irish Government increases spending and scales back planned tax measures

Ministers pledged to ‘secure jobs and stability at a time of global challenge’.

The Independent UK

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Ireland, Lithuania and Spain: Who will lead the Eurogroup next?

On Monday 7 July, finance ministers from the euro area are expected to elect their new president. Who is running for the position, and what proposals are they putting forward?

Euronews

Pay cap of 500,000 euro at AIB and PTSB removed, Finance Minister says

Paschal Donohoe said it would be inappropriate to impose salary caps at a bank the Government did not hold a share in.

Evening Standard

‘EU needs to take decisions to defend multi-lateral order’ Eurogroup president tells Euronews

Irish Finance Minister and Eurogroup President Paschal Donohoe believes that the institutions that emerged after World War II are being challenged by the United States. In an exclusive interview with Euronews, he warned that history shows that "progress can decline".

Euronews

'It's extremely encouraging,' Eurogroup president says on US-China trade rollback

Eurogroup President and Irish Finance Minister Paschal Donohoe welcomed the move of the United States and China agreeing to drastically roll back tariffs for 90 days. In an exclusive interview with Euronews, he called it a promising development for EU–US relations.

Euronews

Proposals on competitiveness to be brought before Irish ministers

Work to make Ireland more competitive is underway amid turbulence to trade caused by US tariffs.

Evening Standard

Donohoe: EU will engage with US in ‘constructive way’ during 90-day tariff pause

Paschal Donohoe welcomed Mr Trump’s decision to pause the so-called reciprocal tariffs.

Evening Standard

Ireland’s premier warns ‘old order is changing’ in call for EU-US negotiations

Micheal Martin said the looming tariffs are the ‘most serious issue’ to face the Irish economy.

Evening Standard

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The Independent UK

Income tax cuts and jobs at risk due to trade war, Donohoe says

Government plans for tax cuts may have to be postponed due to the threat of a global trade war, the finance minister has said.

Evening Standard

Trade war risks increased prices, slower growth and jobs impact, minister warns

Paschal Donohoe was speaking following the publication of a report on the potential impact of tariffs.

Evening Standard

McGregor does not represent Irish men, minister says

Conor McGregor ‘does not represent the men’ of Ireland, an Irish Government minister has said.

The Independent UK

Ireland will use relationship with US to talk down trade war – finance minister

Finance Minister Paschal Donohoe said he couldn’t speculate on what US products the EU could buy more of to help avert a trade war.

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Evening Standard

Ireland on track to sell all AIB shares by end of year, says finance minister

The Irish State sold a 5% stake in the bank, which will generate around 652 million euro and reduce its stake to 12.5%.

Evening Standard

Minister profiles: The people at the Cabinet table

Jennifer Carroll MacNeill and Jim O’Callaghan are among the major promotions.

International Business Times

Centre-right Parties Set To Hold Power In Ireland

The incumbent centre-right parties Fianna Fail and Fine Gael looked set to retain power in Ireland as vote counting in the European Union member's general election resumed on Sunday.

The National (Scotland)

Irish government unveils new cost of living payments and benefits boosts in budget

THE Irish government has boosted benefits and pensions while giving new parents one-off lump sums of support in a budget ministers said was focused…

The Guardian - UK

Finding a job in Ireland is easy. Finding a place to live is the hard bit

Dublin does not seem a fair city to those who move there to work but can’t afford a home. Ireland’s coalition government says it is acting on housebuilding, but bosses and staff say it must try harder

The Guardian - UK

Simon Harris confirms he will run for Irish PM as party rushes to back him

Nearly half of Fine Gael parliamentary party endorses 37-year-old as string of potential rivals rule themselves out

International Business Times

Irish PM Resignation: What Happens Next?

Leo Varadkar's announcement that he is stepping down as Ireland's prime minister has triggered a leadership contest in his Fine Gael party.

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