A nationalised Irish bank that mainly deals with business and commercial banking. The bank lent heavily to property developers meaning that it was badly affected in the downturn of the property market in 2008, this resulted in the Irish government buying 75% of the bank for €1.5 billion in December 2008 to save the bank. On the 30th of September 2010 the Government announced that the estimated total cost of bailing out the bank would be in the region of €30 billion.
The Fianna Fáil finance spokesperson has called on Michael Noonan to hold face-to-face negotiations with the European Central Bank president after he wrote to him last month.
You have been and will be hearing a lot about promissory notes in the coming weeks but what’s it all about? We’ve taken your questions, come up with some of our own and asked the experts…
Do our politicians have it in them to say no more, asks writer and journalist, Nick Webb, who gives his ideas on what should be top of the politician’s to-do list.
The Dublin businessman David Hall had taken a case against the State arguing that the issuing of the €31 billion promissory notes to the former Anglo Irish Bank is illegal as there was no Dáil vote.
It’s back on the agenda as the Irish government seeks a deal to avoid paying back €3.06 billion due in March, but what do you want to know about those pesky promissory notes?
Leo Varadkar and Pat Rabbitte have both insisted that the discussions on reducing the burden of Ireland’s bank debt will continue despite a report that the ECB had rejected a key Irish government proposal.
Tánaiste Eamon Gilmore will address world leaders – including Angela Merkel – in Chile today as hopes for a deal on Ireland’s bank debt took a blow last night and the opposition criticised the government’s lack of openness.
In a wide-ranging interview with RTÉ, the Taoiseach also said that he was “not in the business of providing abortion on demand” and said the Anglo promissory note would be restructured.
Compared to last year this was not Ireland’s best year in the eyes of the international media which focussed on the very different circumstances of two stars of the Celtic Tiger and Ireland’s strict abortion laws…
The only one of Ireland’s main banks not under State control makes the final payment to bondholders today bringing to over €20 billion the amount paid out by it and other banks this year.
The case of Seán Quinn and his family’s legal battle with the most infamous bank in the history of the State has dominated headlines for months but what’s it all about? TheJournal.ie has a look…
Former trader Nick Leeson can’t believe he wasn’t a shoo-in for Anglo: The Musical – but he’s pretty confident that puppets are the right choice to play inaminate objects who can’t take control of their own situation.
A READING OF the Proclamation and a laying of a wreath by the President will form part the ceremony planned today to mark the 98th anniversary of the 1916 Easter Rising.
Preparations are already under-way for the centenary commemorations in 2016, which a member of the British Royal Family could potentially attend.
Queen Elizabeth II hinted at it in a speech during the recent State visit to the United Kingdom by President Michael D Higgins, with the Taoiseach saying he would like her to attend.
We want to know what you think:Â Should the Royal Family attend the centenary commemorations of the Easter Rising?
Clouds and sun, a shower in the p.m.
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Min: 8 °C
Mostly cloudy with a passing shower
Max: 13 °C
Min: 8 °C
