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THE EUROPEAN CENTRAL Bank has raised the main interest rate by a quarter point to 1.25 per cent in a move widely anticipated and seen as the first of a series of hikes before the end of the year.
Reuters reported that the Irish and Spanish economies which depend on the ECB for liquidity could see their profits squeezed by the hikes as more borrowers are pushed into arrears.
Eurozone inflation hit 2.6 percent in March, above the bank’s goal of just under 2 percent.
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The bank’s refinancing rate, which determines the cost of short-term credit to commercial banks, had stood at 1 percent since May 2009 — a record low intended to see Europe through the recession resulting from the global financial turmoil that began in 2007.
Higher rates ward off inflation, but can hold back growth if done at the wrong time.
As the monetary authority for the euro, the bank had to find one rate that suits all 17 member countries.
That includes the economies in Ireland and Greece, severely damaged by the debt crisis, as well as in Spain, which is still feeling the collapse of its real estate boom and has an unemployment rate of 20 percent.
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I’m not trying to be smart but the article states exactly where and when the accident happened.
Junction 16 exit to ashford/rathnew northbound
What more do you want to know ?
I don’t understand why you are up in arms over a picture ?
The article tells you what you need to know and do if you saw anything at the time of the accident if you were there
What difference does it matter what picture is there ?
You want to see pictures with stories go get a ladybird book
Don’t feed the troll Kay, MVM regularly puts up ridiculous comments in the hopes of getting a reaction. He’s probably just a bored teenager with no mates.
@ daniel,just for you because obviously your a bit slow..
They might as well have a picture of a back road in Thailand if they won’t put up a pic of the sceen,what’s the point in having a picture 20miles away
This is not the n11 it is the r774 the eden gate roundabout between greystones and kilcoole, it is nowhere near the scene of the accident,though it is very close to the n11
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