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Opening Bell - Future of Greece, 10,000 jobs for new finance sector, internships replacing entry-level jobs

Eurozone leaders will meet this evening to discuss the future of Greece with both the country's b...
Newstalk
Newstalk

07.15 22 Jun 2015


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Opening Bell - Future of Greec...

Opening Bell - Future of Greece, 10,000 jobs for new finance sector, internships replacing entry-level jobs

Newstalk
Newstalk

07.15 22 Jun 2015


Share this article


Eurozone leaders will meet this evening to discuss the future of Greece with both the country's banks and government on the brink of collapse.

The meeting is being held after a long period of disagreement over the solution to Greece's crisis, however, The Irish Times reports that Greek premier, Alexis Tsipras, is now engaging with the problem more seriously.

"They’re now engaging more seriously on the key issues, so it’s a step in the right direction," a European source is quoted saying in the Irish Times of the latest Greek stance.

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Greece are sourcing new loans from creditors in a bid to meet their €1.6 billion debt to the International Monetary Fund. However, it is widely believed that the country may default on the loan which is due on June 30th.

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According to a new survey from GradIreland, employers are using internships as a replacement for entry level jobs but found that pay for student interns has increased.

The survey found that 17 per cent of employers surveyed paid their interns over €1,800 a month, while 6.5 per cent of those surveyed revealed that that their interns were unpaid.

It also showed that the median internship reimbursement had risen to between €1600 and €1,799, an increase of €200.

The survey also covered average starting salaries and revealed that investment banking and fund management outstripped other high paying fields with an average salary of €53,500.

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Financial services group targets the creation of 10,000 jobs as part of the new IFS2020 strategy. The new body is due to meet for the first time on Wednesday to discuss its strategy for Dublin's international financial services sector.

The Irish Times reports that the body consists of 12 industry participants and they aim to develop Dublin into a hub for emerging sectors like fintech.

The new body will meet four times a year and all members are on a 2 year voluntary contract, where they won't be paid.

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Apple have changed their stance on not paying artists for their music when users are on a free trail with Apple Music. 24 hours after Taylor Swift criticised the company, saying  it was "shocking, disappointing, and completely unlike this historically progressive and generous company" Apple performed a U-turn.

Apple Senior Vice President, Eddie Cue, tweeted: "Apple will make sure that artists are paid. Apple Music will pay artists for streaming even during customers' free trial period. We hear you @taylorswift13 and indie artists. Love, Apple."

The move comes not long after it was revealed that Swift's latest album, 1989, would not be appearing on Apple Music.

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The euro rose against other currencies today, scaling to $1.1396 and 139.87 yen in Tokyo. Up from $1,1349 and 139.23 yen in New York on Friday.

The increases are largely down to new optimism surrounding Greece. The euro zone leaders will hold an emergency meeting today and new proposals from Athens have seen the price of the euro increase.

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