Monday Newspaper Review - Irish Business News and International ...

"E-voting, as you know, was trialled twice in the country and it was very successful. Issues arose afterwards where the bar was raised very high in the context of all of the issues surrounding it. But it's interesting, I think it was covered during the week. I saw an article which said the only way forward for Ireland is to use e-voting. It's a far more secure system than the system that we use at present and it remains for others for the future to see what happens with it," He said. The planned resignation shortly of the board should not represent an end to the changes at Fás, said Fine Gael enterprise spokesman Leo Varadkar. Senior executives in Fás “who were directly responsible for the type of reckless spending that the Comptroller Auditor General has criticised severely should also be held accountable for their actions. He told RTÉ Radio’s This Week programme yesterday that the board got a “clear direction” from the Minister and the Government in February to stay on, after a damning report from the Dáil Public Accounts Committee (Pac) on Fás expenditure was published. That report was highly critical of the agency’s inappropriate spending on first-class flights and luxury travel. This deal was agreed with the Tánaiste and sanctioned by the Department of Finance. The spokeswoman said she could not put a value on this addition to Mr Molloy’s pension. Commenting on the decision to award Mr Molloy the extra years service for his pension, the spokeswoman said: “In order to ensure a speedy and non-litigative departure [of Mr Molloy], this was considered to be in the best interests of the Fás organisation and the taxpayer.”

“As Europe’s commercial banks de-lever, lending is likely to be squeezed,” said Huw van Steenis, banks analyst.

According to Morgan Stanley, there was €319bn of corporate bond issuance in the first seven months of the year and a decline of €33bn in European bank-originated loans.

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