Thursday 24 July, 2014
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.
There’s something for everyone out West this summer.
The government argues that swapping the €3.06 billion annual payments for long-term bonds is the best we could have got, but others argue we’re still paying the debt. What do you think?
The restructured debt obligation will give the Government fiscal space and breathing room. Whether this benefits the young depends on what they do with that time, writes Sam Brazys.
The Taoiseach’s full speech to the Dáil on the revised promissory note arrangements which will see the IOUs replaced with long-term government bonds.
Why on earth were the Dáil and Seanad sitting until the small hours of this morning? This might help…
Watch live from the Seanad Chamber as members deliberate on whether to immediately wind down the former Anglo.
Catch up with text commentary from the Dáil as TDs voted to wind up the former Anglo.
The government wants to issue long-term bonds to get rid of the IBRC promissory notes. What do you think?
Michael D Higgins has interrupted a trip to Italy to make himself available if the Oireachtas passes an IBRC bill tonight.
It’ll be a late one in the Dail.
Paul Kehoe: “The Minister for Finance has taken action to secure the stability of IBRC in the face of these leaks.”
TDs will reconvene after 10pm tonight to discuss plans to transfer IBRC’s assets to NAMA – as part of a deal to replace the promissory notes with long-term Government bonds.
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…
15 TDs, led by Shane Ross, have tabled a motion calling for a public assertion that Ireland won’t make the next repayment.
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.
5 stories, 5 minutes, 5 o’clock.
Ireland is due to pay €3.06 billion in 60 days’ time – but Enda Kenny remains positive that a deal can be reached.
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.
Here are the things we learned, loved and shared today.
5 stories, 5 minutes, 5 o’clock.
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.
The bankrupt businessman has given an interview to the BBC just hours after his release from Mountjoy Prison where he spent the last nine weeks.
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.
Pat Rabbitte has said Ireland won’t make the €3billion payment. But the real situation is much bleaker, writes Sarah McCabe.
There have been disputes in cabinet over who gets to say what – but at the end of day, will we get a deal?
Breaking via The Mire wire: Kerry priest tells children there is no God; Government pledge to help homeowners become homeless; Craig Doyle = why?
A CONVICTED MURDERER took two hours to die after being given a lethal injection in Arizona.
It is the second incident in recent months where lethal injection went wrong – another inmate suffered an excruciating attempted execution in Oklahoma.
An investigation is underway into yesterday’s incident, as well as a review of Arizona’s execution process.
Today, we’re asking: Should the US suspend lethal injections?
Poll Results:
Share your story: voices@thejournal.ie
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There’s going to be a new bank, with no charges*, for Irish SMEs |
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