Ireland plans government savings scheme to boost capital market investment
- Reports
- 3
- Developments
- 4
- Repetition
- 67%
New informationRepeats or wire copies
What happened
The government in Ireland announced details of a new savings scheme championed by Minister for Finance Simon Harris. The scheme is intended to address the fact that Irish households hold a higher proportion of their financial assets in cash compared with their European counterparts.
From irishtimes.com
Why it matters
The policy intervention seeks to change household investment behavior, as Irish households invest in capital markets at nearly 70 per cent below the EU average. The scheme is being evaluated against the current economic climate and concerns over the cost of living.
From irishtimes.com
Who's involved
- IrelandSovereign state where the new savings scheme is being implemented.
- governmentExecutive body of the state planning the new savings scheme.
- HarrisMinister for Finance championing the new government savings scheme.
How it developed
Newest first. Tap a step to see who reported it.- The government must declare recovery status for taxpayers regarding the €2.9bn owed to the Anglo Irish Bank.Sub-event
- An investment scheme was discussed between the Tánaiste and the central bank, citing a Dublin precedent.Sub-event
- Ireland implements the Deposit Return Scheme and is seeking reinvestment of the scheme's revenue.Sub-event
Irish financial institutions are involved in a matter concerning savers' deposits and a potential government savings scheme.1 source
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The entities involved
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Ireland
sovereign state in Northwestern Europe
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Bank of Ireland
commercial bank operating in Ireland
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government
system or group of people governing an organized community, often a state