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Opening Bell: Jobs boost for South East, Farmers protest in Brussels, ECB pull out of banking enquiry

The Government is set to announce over 270 jobs across the South East this morning. The announcem...
Newstalk
Newstalk

08.21 7 Sep 2015


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Opening Bell: Jobs boost for S...

Opening Bell: Jobs boost for South East, Farmers protest in Brussels, ECB pull out of banking enquiry

Newstalk
Newstalk

08.21 7 Sep 2015


Share this article


The Government is set to announce over 270 jobs across the South East this morning.

The announcement will see a jobs boost to Waterford, Kilkenny and Tipperary with 200 of the jobs being created in Clonmel by outsourced contact centre provider, Eishtec.

Minister for Jobs, Enterprise and Innovation Richard Bruton will also announce details of a South East Jobs Action Plan, which is aimed at generating thousands of more jobs in the region over the next 5 years.

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 The Irish Farmers Association is joining a protest in Brussels today over the prices European Farmers are being paid for their produce.

Europe wide Dairy farmers have warned they will go out of business if they do not receive higher prices for their milk.

The protest is being organised by the Committee of Professional Agricultural Organisations, to coincide with an extraordinary meeting of the EU Agriculture Council.

The Irish Independent also reports that the EU Commission is to provide subsidised food to refugees as part of farmer-aid proposals.

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The European Central Bank has withdrawn an offer to assist with the Oireachtas banking enquiry.

The committee has received formal notification from the ECB last week. As the ECB is outside Irish jurisdiction it’s members cannot be compelled to appear before the enquiry. The Chairman of the Banking enquiry, Ciarán Lynch has described the move as "unfortunate and unsatisfactory".

Former ECB head Jean Claude Trichet appeared before the enquiry in an informal capacity earlier this year.

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Markets are stable this morning

Chinese markets are stable this morning despite China lowering its 2014 GDP growth figure by 0.1 percentage points to 7.3%. The previous 7.4% figure, released in January, was the lowest since 1990.

In European markets, German industrial production increased in July, good news in the face of an international drop in demand.

US Markets are closed today due to the Labor Day holiday.


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