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Dublin: 10 °C Thursday 20 June, 2013
Bailout

Bailout

Funds given to a collapsing institution by a government in the hope of saving them.

# bailout - Tuesday 23 October, 2012

The Evening Fix: Now with added muscle music

Here are the things we learned, loved and shared today.

From Business ETC EU issues €3 billion bond to fund Irish and Portuguese bailouts Bailout

EU issues €3 billion bond to fund Irish and Portuguese bailouts

€1 billion of the funds – which were sold at an interest rate of 2.621 per cent – will be sent to Ireland.

Taoiseach coy on content of telephone chat with Angela Merkel

“Surely you don’t expect me to tell what questions I had for the Chancellor, or what questions the Chancellor had for me.”

European Court of Justice to discuss legality of new permanent bailout fund ESM

European Court of Justice to discuss legality of new permanent bailout fund

The ECJ will today discuss whether the European Stability Mechanism (ESM) is legal under existing EU law.

# bailout - Monday 22 October, 2012

French president Hollande: Ireland’s bailout is ‘a special case’

Francois Hollande echoes Angela Merkel’s comments – saying Ireland differs from other countries because the bailout was forced on us.

Poll: Do you believe Ireland will get a deal to reduce the cost of its bank debt? Your Say This post contains a poll

Poll: Do you believe Ireland will get a deal to reduce the cost of its bank debt?

The government’s campaign for a reduction in the cost of bailing out the banks has been given new hope after a joint statement from Enda Kenny and Angela Merkel, but what do you think?

Fianna Fáil, Sinn Féin call for clarification of Merkel and Kenny communiqué

Sinn Féin described the outcome of last night’s contact between Merkel and Kenny as a reiteration of a previous statement, while Fianna Fáil called for ‘plain language’.

# bailout - Sunday 21 October, 2012

‘Ireland is a special case’: Kenny and Merkel commit to improving bailout

Enda Kenny and Angela Merkel issue a joint statement describing Ireland as “a special case” financially.

Noonan insists: No, the Troika DID demand that we repay the bank bondholders

After Stephen Donnelly reports the Troika shifted blame from themselves, Michael Noonan says: it’s Trichet’s fault.

# bailout - Friday 19 October, 2012

The 5 at 5: Friday

5 stories, 5 minutes, 5 o’clock.

# bailout - Tuesday 9 October, 2012

From Business ETC IMF: Irish economy to grow but unemployment will remain high in 2013 IMF

IMF: Irish economy to grow but unemployment will remain high in 2013

The International Monetary Fund has warned of a global economic slowdown in its latest World Economic Outlook which notes our own “bumpy recovery”.

# bailout - Thursday 4 October, 2012

European Parliament president calls for deal on Irish debt before 2013

Martin Schulz told the Dáil the public must have trust in European leaders – who therefore have to act on their promises.

# bailout - Saturday 29 September, 2012

Videos: 8 examples of how Irish politics is just like The Thick of It Awkward This post contains videos

Videos: 8 examples of how Irish politics is just like The Thick of It

And one Irish political saga that is just too bizarre even for a plotline on the British political sitcom….

# bailout - Wednesday 26 September, 2012

Pics: Petrol bombs thrown at Greek police during anti-austerity protests Greece This post contains images

Pics: Petrol bombs thrown at Greek police during anti-austerity protests

There were scenes of violence on the streets of Athens today.

# bailout - Sunday 23 September, 2012

Jean-Claude Juncker is very angry and here are the pics to prove it Jean-Claude Juncker This post contains images

Jean-Claude Juncker is very angry and here are the pics to prove it

The longest serving head of government in the EU and the head of the Euro Group is not a man to mess with and these pictures prove it…

# bailout - Tuesday 18 September, 2012

From Business ETC Brussels approves latest €1bn loan under Ireland’s bailout programme Bailout

Brussels approves latest €1bn loan under Ireland’s bailout programme

The European Commission confirms water charges will be in quicker than expected – and calls for tweaks to benefits for the jobless.

# bailout - Saturday 15 September, 2012

From Business ETC PICTURES: tens of thousands march against Spanish austerity Austerity

PICTURES: tens of thousands march against Spanish austerity

Organisers say 65,000 people participated in today’s rally.

The 9 at 9: Saturday

Good morning! Here are nine things you need to know as you start your day…

# bailout - Friday 14 September, 2012

EU leaders may discuss improved Irish bailout – but only after bank deal is finalised

Once discussions on the promissory note issue has been concluded, Ireland could get a more lenient deal – but it may be some time.

# bailout - Tuesday 11 September, 2012

Property tax will only apply for half of 2013 – Hayes

The junior finance minister tells Newstalk that people “shouldn’t overreact” to the IMF’s suggestions on a 0.5% tax.

# bailout - Monday 10 September, 2012

IMF: We want property tax of 0.5 per cent. Noonan: Nope, not happening.

OH, IT’S ON (well, kind of. It’s all very civil).

The 5 at 5: Monday

5 minutes, 5 stories, 5 o’clock…

# bailout - Sunday 9 September, 2012

From Business ETC Not essential to have bank debt deal by end of October – Honohan Bank Debt

Not essential to have bank debt deal by end of October – Honohan

The Central Bank governor Patrick Honohan has said that he is confident that the government will “get a lot” from its negotiations aimed at reducing the bank debt.

From Business ETC Ireland making ‘such good progress on all fronts’ – Van Rompuy Good Hustle

Ireland making ‘such good progress on all fronts’ – Van Rompuy

European Council president Herman Van Rompuy had some kinds words for us in Italy yesterday.

# bailout - Friday 7 September, 2012

From Business ETC ECB’s bond-buying is not a breach of its rules – Merkel ECB

ECB’s bond-buying is not a breach of its rules – Merkel

But that’s not what her Central Bank thinks…

Michael Noonan set to meet with EU finance ministers

The Finance Minister is expected to discuss plans to ease austerity on bailout countries in meetings in Paris, Berlin and Rome next week.

# bailout - Thursday 6 September, 2012

From Business ETC ECB may buy Irish bonds at end of bailout programme ECB

ECB may buy Irish bonds at end of bailout programme

The European Central Bank’s new bond-purchasing programme will see the bank lend to countries coming out of bailout programmes.

The 9 at 9: Thursday

Good morning! Here’s what you need to know as you kick off your day.

# bailout - Wednesday 5 September, 2012

Seventh IMF review releases nearly one billion euro to Ireland

The IMF’s seventh bailout review of Ireland is complete, and with it, the release of nearly €1 billion.

# bailout - Saturday 1 September, 2012

The Evening Fix: Saturday Need To Know This post contains videos

The Evening Fix: Saturday

Things we learned, loved and shared today.

From Business ETC Sound familiar? Spain creates ‘bad bank’, limits bank execs pay to €500k Spain

No plans to release ECB letters despite newspaper report

The Irish Times publishes details of letters the ECB sent to Brian Lenihan in the lead-up to Ireland seeking a bailout two years ago leading to more calls for the letters to published in full.

# bailout - Thursday 30 August, 2012

HSE’s €130m spending cut ‘will be vigorously opposed’

Health service says cuts have to be made before the end of this year if it is to meet budget targets set down by the government and Troika.

# bailout - Wednesday 29 August, 2012

The 5 at 5: Wednesday

5 minutes, 5 stories, 5 o’clock…

Leaked EU report: Water charges to kick in from January 2014

Irish homes will pay water charges from 1 January 2014, Brussels says – far earlier than Phil Hogan had previously said.

Leaked Brussels report seeks Dole cuts to long-term unemployed

The European Commission says it’s disappointed that a draft document – raising the heat on Dublin – has been leaked.

From Business ETC “No surprise” as PTSB reveals €566 million loss for half year Results

“No surprise” as PTSB reveals €566 million loss for half year

The figures highlight the challenge ahead, according to new CEO Jeremy Masding.

# bailout - Monday 27 August, 2012

From Business ETC Italy’s electoral law increases market fears Italy

Italy’s electoral law increases market fears

The current system allows party leaders to pick and choose the list of candidates the electorate can vote for and guarantees a strong majority in parliament for the winning party.

# bailout - Sunday 26 August, 2012

From Business ETC Germany to seek new EU treaty on budget rules – report European Council

Germany to seek new EU treaty on budget rules – report

Germany’s Der Spiegel magazine says the federal government wants a convention on a new treaty this December.

We asked for copies of the ECB’s letters to Brian Lenihan. Here’s what happened

With the letters back in the news today, we thought we’d publish the response to a request we made in April 2011.