Jeroen Dijsselbloem had earlier said the Cyprus template – where depositors and bondholders are hit before governments – is the new model for how troubled banks will be handled. He has since clarified the remarks.
Many of us are returning to work for the first time tomorrow following the festive period. Here is a round-up of the news stories you may have missed. You are welcome.
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.
Finance Minister Michael Noonan has said that an attempt to verify exactly who the bondholders who received €1 billion this week are would be an “irretrievable” step towards default.
Amid a national near-silence, the residents of Ballyhea in Cork protest against the bondholder bailout every single week. Diarmuid O’Flynn explains why he leads the march.
AIB was recapitalised by this country’s citizens after its reckless lending strategy – and one backed by bondholders. Now, writes independent TD Stephen Donnelly, those bondholders continue to make no losses at all.
The government is set to pay €3.1 billion in promissory notes to Anglo Irish at the end of next month but a senior government minister reckons we won’t have to do it.
A NEW STUDY has claimed that the number of deaths caused by smoking in the home could be comparable to the number of road deaths recorded in Ireland.
According to the NUI Galway-led research, the concentration of particulate pollution in the homes of smokers (who smoke indoors) is six-times higher than the World Health Organisation’s recommendation for general outdoor air quality, 10 times the allowable level for healthy breathing in homes and up to 17 times greater than levels actually found outdoors.
Smoking at home causes greater levels of air pollutants than using solid fuels such as coal, wood, peat and gas, says Dr Marie Coggins.
Since the introduction of the smoking ban in Ireland, many people have found it easier to stop people smoking in their own homes. So, in today’s poll we ask: Do you allow smoking in your home?
A morning shower; otherwise, cloudy
Max: 13 °C
Min: 4 °C
Mostly cloudy, showers around; cooler
Max: 11 °C
Min: 4 °C
Mostly cloudy with a shower
Max: 12 °C
Min: 4 °C
