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Regulators at the Central Bank have ordered managers of Irish-domiciled mutual funds to review fees charged to investors, after uncovering evidence of possible overcharging.
Ireland has impressively recovered from the financial crisis, thanks to its highest growth rate in Europe last year. Moreover, the unemployment rate is below the precrisis level. However, Ireland must be careful not to overheat the economy by boosting investment spending, it rather needs to focus on rainy-day fund plans.