Bloomberg Markets and Finance published this video item, entitled “Ireland’s Donohoe on European Gas, OECD Tax Agreement” – below is their description.
Eurogroup President and Irish Finance Minister Paschal Donohoe discusses European gas demand, the challenge inflation poses to the European Central Bank, and progress on the OECD tax process. He speaks with Francine Lacqua on “Bloomberg Surveillance Early Edition.”
Bloomberg Markets and Finance YouTube Channel
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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.
Ireland is an island in the North Atlantic. It is separated from Great Britain to its east by the North Channel, the Irish Sea, and St George’s Channel.
Geopolitically, Ireland is divided between the Republic of Ireland (officially named Ireland), which covers five-sixths of the island, and Northern Ireland, which is part of the United Kingdom. As of 2016, 4.8 million people live in the Republic of Ireland, and 1.8 million live in Northern Ireland.
The Irish climate is influenced by the Atlantic Ocean and thus very moderate, and winters are milder than expected for such a northerly area, although summers are cooler than those in continental Europe. Rainfall and cloud cover are abundant.
A strong Irish culture exists, as expressed through Gaelic games, Irish music and the Irish language. The island’s culture shares many features with that of Great Britain, including the English language, and sports such as association football, rugby, horse racing, and golf.