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Dublin: 13 °C Monday 20 May, 2013

Debt Crisis

# debt-crisis - Yesterday’s News

Column: Game, Set and Match to the Banks

The extent to which banks are running Ireland and Europe is clearly shown by the recently published Insolvency Guidelines and Rules, writes Dave Hughes.

# debt-crisis - Wednesday 15 May, 2013

From Business ETC Eurozone

France enters recession in first quarter

French economic growth has been sluggish lately as a result of record unemployment and falling household demand – the key driver of the economy.

# debt-crisis - Thursday 25 April, 2013

From Business ETC Unemployment

Spain’s unemployment rate shoots to record 27.16%

More than six million people in Spain are now without work.

# debt-crisis - Tuesday 23 April, 2013

From Business ETC USA

Boston bombing most closely followed news story since Wall Street collapse

Study of American media finds it fifth in the top stories for public since 9/11.

# debt-crisis - Sunday 21 April, 2013

From Business ETC Read Me

Nick Leeson: I’ve observed the need for debt solution – now I’m acting on it

Former trader Nick Leeson explains why he has begun to work as a mediator between indebted people and the banks…

# debt-crisis - Friday 12 April, 2013

Updated: EU finance ministers agree to delay repayment of Irish bailout loans

All 27 EU finance ministers have now given a green light to extending the maturity of Ireland’s bailout loans by seven years.

EU and Eurozone finance ministers begin two-day summit in Dublin

Ministers will discuss extending the repayment dates of Ireland’s loans, and the aftermath of the Cyprus bailout catastrophe.

# debt-crisis - Wednesday 10 April, 2013

From Business ETC Bailout

Troika recommends ‘giving Ireland seven more years to repay loans’

Proposals seen by Reuters, to be put to ministers in Dublin this weekend, would see extra time given for Ireland and Portugal to repay.

# debt-crisis - Saturday 6 April, 2013

Aaron McKenna: While the Eurozone is floundering, the US is seeing growth – but why?

The EU needs to either get on with integration, proper banking and political union or separate into amicable trading partners and neighbours, writes Aaron McKenna.

# debt-crisis - Friday 29 March, 2013

From Business ETC Cyprus

Cyprus president: Crisis is ‘contained’ and we won’t leave eurozone

Nicos Anastasiades has also thanked the Cypriot public for their “maturity and collectedness” as the banks reopened.

# debt-crisis - Monday 25 March, 2013

The 5 at 5: Monday

5 minutes, 5 stories, 5 o’clock…

FF publishes bill to remove bank veto from insolvency regime

Fianna Fáil’s legislation would also create an independent Mortgage Resolution Office with the power to make binding orders.

# debt-crisis - Sunday 24 March, 2013

From Business ETC Explainer

Explainer: Your 25-point crash course on what’s happening in Cyprus

Bailouts! Deposit levies! Leaving the euro? It’s all been happening in the last ten days.

From Business ETC Cyprus

Eurozone finance ministers to meet in Brussels on Cyprus crisis

Ministers will hold a last-ditch meeting to decide whether Cyprus will get a bailout – or be forced to leave the euro.

# debt-crisis - Saturday 23 March, 2013

From Business ETC Cyprus

Cyprus president prepares for Brussels as parties debate 25pc deposit tax

The Troika are in Cyprus for intensive talks, while Nicos Anastasiades could yet lead a delegation to Brussels this afternoon.

# debt-crisis - Tuesday 19 March, 2013

From Business ETC Debt Crisis

Cyprus to exempt small savers from deposit tax ahead of crucial vote

Accounts with balances under €20,000 will be exempted from a controversial levy if it is approved by MPs today.

From Business ETC Debt Crisis

Ireland not impacted by Cyprus’ bailout deal – Kenny

Banks in Cyprus remain closed as discussions continue on the terms of the proposed bailout deal.

# debt-crisis - Monday 18 March, 2013

Cyprus postpones crucial vote on unpopular bailout until Tuesday

The president is trying to get parliamentarians to back the bailout deal that slaps a hugely unpopular levy on bank savings.

# debt-crisis - Friday 8 March, 2013

The 9 at 9: Friday

Good morning. Here are nine things to know as you start your day.

# debt-crisis - Thursday 21 February, 2013

From Business ETC Michael Noonan

Noonan: Europe now owes Ireland after ‘taking one for the team’

“As Ronald Reagan used to say, ‘We took one for the team.’ And I think the team owes us now.”

# debt-crisis - Wednesday 6 February, 2013

Column: Legal uncertainty of promissory notes is a powerful bargaining tool

The looming payment deadline for the next €3.06 billion promissory note instalment is at the centre of discussions – but the legality of this debt is not being properly considered, writes Andy Storey.

# debt-crisis - Monday 4 February, 2013

Taoiseach in Brussels for European budget talks

He is joining the other three Presidents of the EU – Herman Van Rompuy, José Manuel Barroso and Martin Schulz.

# debt-crisis - Monday 21 January, 2013

From Business ETC Eurogroup

Noonan arrives in Brussels for key talks on aid for banks

Michael Noonan will chair tomorrow’s meeting of EU finance ministers; today’s Eurogroup meeting will elect a new head.

# debt-crisis - Sunday 20 January, 2013

Column: Irish politics won’t change until people demand accountability from leaders

A system of direct democracy would give people a more transparent form of government, writes Raymond Whitehead.

# debt-crisis - Tuesday 8 January, 2013

Kenny to address meeting of Merkel’s Bavarian sister party

The Taoiseach is in Munich to address a meeting of the Christian Social Union, the regional sister party of the CDU.

# debt-crisis - Saturday 5 January, 2013

Merkel kicks off campaign, highlights economic strength

The German Chancellor’s party faces a tough battle in the upcoming Lower Saxony state vote.

# debt-crisis - Thursday 27 December, 2012

From Business ETC Markets

European stocks rise after festive break

Europe’s main stock markets rise as traders focus on whether the United States will avert the 2013 “fiscal cliff”.

# debt-crisis - Tuesday 18 December, 2012

Berlusconi tells Italy: ‘You need me, and I always help people in need’

The flamboyant former prime minister is on a media blitz as he prepares his attempt to return to power for a fourth time, warning of civil war if Italy continues on its current course.

# debt-crisis - Sunday 9 December, 2012

Monti to step down as Berlusconi announces fresh run

Italian Prime Minister Mario Monti has said he is stepping down just hours after Silvio Berlusconi announced he would run again for head of government.

# debt-crisis - Saturday 1 December, 2012

From Business ETC 1000 Words

Silly diagram does a great job explaining what’s wrong with the Eurozone

The Eurozone house of cards has a solid roof – but the foundations are very rocky.

# debt-crisis - Monday 26 November, 2012

From Business ETC France

Amazon announces investment in France, sees 2,500 jobs

The internet giant is planning to open a fourth despatch centre in the country – despite an ongoing tax dispute with the French government.

# debt-crisis - Wednesday 14 November, 2012

Clashes erupt in Europe anti-austerity protests

Millions of workers across Europe rallied together today in strikes and rallies to protest against any further austerity measures.

# debt-crisis - Wednesday 7 November, 2012

Greek protests erupt into violence ahead of austerity vote

More than 80,000 people took part in the anti-austerity protest in Athens ahead of a crucial parliamentary vote on new spending cuts.

# debt-crisis - Sunday 28 October, 2012

From Business ETC Cyprus

Cyprus close to deal on becoming fourth bailed-out Eurozone country

The finance minister of Cyprus says the last few difference on a Troika bailout are “bridgeable”.

# debt-crisis - Saturday 27 October, 2012

Spanish police protest cuts in Madrid

Hundreds of Spanish police officers protested outside the interior ministry today to denounce budget cuts and the elimination of benefits.

# debt-crisis - Sunday 21 October, 2012

Spain goes to polls in two crucial local elections

Elections are taking place in the Basque Country – the first since ETA renounced violence – and Mariano Rajoy’s home area of Galicia.

# debt-crisis - Tuesday 16 October, 2012

Portugal government faces backlash over austerity

Demonstrators gathered outside Parliament after the Finance Minister announced his plans to introduce steep tax increases.

# debt-crisis - Sunday 14 October, 2012

From Business ETC Debt Crisis

Euro crisis based on ‘design flaws’ in monetary union, conference told

An economics conference in Galway is told the Eurozone’s debt crisis is based on a ‘deeply flawed institutional architecture’.

# debt-crisis - Friday 12 October, 2012

From Business ETC Bank Deal

Van Rompuy: Ireland could get deal on bank debts before new watchdog

The President of the European Council says the European banking supervisor doesn’t need to be finalised for the ESM to invest in banks.

# debt-crisis - Monday 8 October, 2012

From Business ETC Eurozone

Portugal criticises tardy European Central Bank

The ECB “arrived late” to attend to the debt crisis in the eurozone, accuses Portuguese president Anibal Cavaco Silva.

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