# debt-crisis - Wednesday 20 June, 2012
TDs vote by 114 to 22 to have Ireland participate, a move which will require €1.27bn in cash payments before 2014.
Germany has reportedly relented and will allow the ESM to buy bonds directly, which could save Spain and Italy.
# debt-crisis - Monday 18 June, 2012
The European Commission flatly denies an RTÉ report saying the Troika are considering extending the schedule for repayments.
The costs had fallen after Greece’s election, but are back up this morning as the fear of contagion remains…
# debt-crisis - Wednesday 13 June, 2012
So far so good according to the International Monetary Fund, one of our three bailout partners.
Although Germany’s bond yields are still far lower than a year ago, it’s been rising sharply in the last few days…
# debt-crisis - Tuesday 12 June, 2012
Enda Kenny said his government remained committed to negotiations to reduce Ireland’s banking debt.
If you were lending cash to the Spanish government for 10 years, you’d get an annual interest rate of 6.76 per cent.
Reuters says officials have discussed limits on ATM withdrawals, border checks and capital controls if Greece goes.
The commissioner says he still wants to assist Ireland – and confirms Spain’s banking bailout won’t bring new fiscal conditions.
# debt-crisis - Monday 11 June, 2012
Spain’s tough fiscal challenges and the upcoming elections in Greece have added to concerns about the eurozone.
Germany ensured that Spain’s €100bn banking bailout would go through the government – meaning it counts towards national debt.
# debt-crisis - Sunday 10 June, 2012
This post contains images
Plus, the reaction from the Spanish press.
# debt-crisis - Friday 8 June, 2012
The US president used a White House press conference to urge Greece to remain in the eurozone and have a pop at his country’s congress while he was at it.
Both the European Commission and the German government say Spain has not made a formal application for EU funding.
# debt-crisis - Thursday 7 June, 2012
It’s a tale of two Europes as countries go to the bond markets this morning…
The New York Times’ Paul Krugman played down Estonia’s economy. Toomas Hendrik Ilves wasn’t at all pleased.
# debt-crisis - Wednesday 6 June, 2012
New proposals aim to ensure that losses are borne by shareholders and creditors.
Moody’s says six major banks, including the country’s second-biggest Commerzbank, are at risk of eurozone turmoil.
The Spanish treasury minister says Spain “doesn’t have the market door open”, at a time it needs cash to help its banks.
# debt-crisis - Tuesday 5 June, 2012
France’s new foreign minister hits back at Barack Obama, saying: ‘Lehman Brothers was not a European bank.’
# debt-crisis - Monday 4 June, 2012
A spokesman for Angela Merkel has reiterated the Chancellor’s opposition to the pooling of eurozone debt, an idea gaining growing support among other eurozone nations.
One bank – BPI – has confirmed it is to receive €1.5 billion in capital injections.
# debt-crisis - Sunday 3 June, 2012
One of the world’s wealthiest traders – and one of its most-respected philanthropists – has an interesting theory.
Following the passing of the Fiscal Compact treaty, Eamon Gilmore said that Ireland now needed to get a deal to lessen the burden on the Irish taxpayer.
A Europe divided: in the very same newspaper, Germany’s foreign minister Guido Westerwelle says they’re a no-go area.
# debt-crisis - Saturday 2 June, 2012
The Nobel-winning economist isn’t impressed with Ireland’s vote – but reckons it could all be fairly meaningless anyway.
# debt-crisis - Sunday 27 May, 2012
Thomas Jordan says he’s not expecting the euro to collapse, but that Switzerland is getting ready, just in case…
# debt-crisis - Thursday 24 May, 2012
European markets are up – but only modestly – while the US markets tread water after an indecisive summit in Brussels.
# debt-crisis - Wednesday 23 May, 2012
Promoting jobs and growth along with balancing budgets will be on the agenda today.
# debt-crisis - Monday 21 May, 2012
Your quick guide to current proposals for a commmon euro-area bond.
# debt-crisis - Saturday 19 May, 2012
Energy will also be on the agenda, as the world looks to the oil markets in advance of scheduled sanctions on Iranian oil exports.
# debt-crisis - Friday 18 May, 2012
The new French president is set to visit the White House today.
The ratings agency raised fears over the “creditworthiness” of the country and its ability to support its banks.
# debt-crisis - Tuesday 15 May, 2012
Modest growth in the likes of Germany is offset by falls in other large countries like Italy; France is also perfectly flat.
# debt-crisis - Monday 14 May, 2012
Attending a summit in Brussels, Michael Noonan says it is “very important that the eurozone stays intact”.
Spain paid a higher interest rate on the short-term bonds as markets have reacted badly to the ongoing uncertainty in Greece and the wider eurozone.
# debt-crisis - Saturday 12 May, 2012
Political turmoil, soaring unemployment, falling markets, rubbish credit ratings. It’s all going off in Greece at the minute and not in a good way. But what’s going to happen next?
# debt-crisis - Wednesday 9 May, 2012
Sinn Féin has welcomed a call from the governor of the Central Bank for distressed banks to be directly recapitalised from EU funds.