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Dublin: 9 °C Sunday 19 May, 2013

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# default - Saturday 16 March, 2013

Noonan: Claim about strategic mortgage defaulters is ‘wholly anecdotal’

The Finance Minister has dismissed a claim that as many as 35 per cent of mortgage arrears cases in Ireland are a result of strategic default where a borrower chooses not to pay their mortgage.

# default - Tuesday 5 March, 2013

The Evening Fix… now with added nuns on a plane

Here’s all the things we learned, loved and shared today.

# default - Thursday 7 February, 2013

Column: Will the young pay for the sins of the old under the promissory note deal?

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.

# default - Saturday 2 February, 2013

Ireland still has 39% chance of defaulting, says Government’s budget adviser

Professor John McHale, the chairman of the Irish Fiscal Advisory Council, said Ireland has made huge progress – but is not out of the woods yet.

# default - Thursday 13 December, 2012

Shatter said Troika deal will not increase repossessions

The Minister for Justice said the right for banks to repossess a home when a person defaults already exists in mortgage contracts.

# default - Wednesday 12 December, 2012

Government agrees to close loophole preventing banks repossessing homes

The agreement was made in a memorandum sent by Finance Minister Michael Noonan to the Troika.

# default - Tuesday 11 December, 2012

From Business ETC Debt

Court registered judgements against debtors top €1 billion in 2012

The value of judgements against commercial debtros increased by 554 per cent to almost €293 million.

# default - Friday 8 June, 2012

From Business ETC Default This post contains images

The 20 countries with the highest probability of default

Ireland has made the list – unsurprisingly – but where does it rank?

# default - Saturday 14 April, 2012

Column: The Irish default debate will be long – but we have to start it now

Economist Constantin Gurdgiev describes his work on a new book asking the question: What would happen if Ireland walked away from its debts?

# default - Tuesday 10 April, 2012

From Business ETC Scary Table

The 10 countries most likely to default… and Ireland is sixth

Financial information services company Markit has produced a table detailing the 10 countries with the widest credit default swap spreads…

# default - Tuesday 28 February, 2012

From Business ETC Downgrade

S&P downgrades Greece into ‘selective default’ territory

The ratings agency demonstrates it can read, by officially acknowledging that Greece’s bond-swap is a ‘selective default’.

# default - Wednesday 22 February, 2012

From Business ETC Uh-Oh

Fitch: ‘Highly likely’ that Greece will default soon

The ratings agency has downgraded Greece just one day after EU leaders agreed on a €130 billion bailout deal for the country.

# default - Monday 20 February, 2012

From Business ETC Greece

Greek minister ‘optimistic’ about approval of second €130bn bailout

Arriving in Brussels, Evangelos Venizelos says Greece is “ready to conclude this long process” and secure more funding.

Euro ministers to decide on Greece bailout

Days past the original deadline, eurozone finance ministers are to decide on the €130 billion rescue package today.

# default - Wednesday 15 February, 2012

The 9 at 9: Wednesday

Nine things you need to know by 9am, including: Enda heads Stateside (again), penalties for jobseekers turning down work, and good news on the jobs front for Dublin.

# default - Sunday 12 February, 2012

Greece This post contains images

Major riots in Athens as Greek parliament approves austerity deal

Fireballs light up the evening sky in the Greek capital as parliament approves new austerity measures to help secure a €130bn bailout.

From Business ETC Greece

Greek PM warns of ‘economic and social catastrophe’ if MPs vote No

Lucas Papademos goes on TV to warn that the cost of a Greek default is far greater than that of a second bailout.

# default - Saturday 11 February, 2012

From Business ETC Default

Greek government warns rebel MPs of “dangerous path” to default

MPs vote tomorrow on approving the government’s new austerity plans – but many have threatened to scupper it.

# default - Friday 10 February, 2012

‘Memorandum macht frei’: how one Greek paper views the second bailout

The Greek daily Dimokratia isn’t best pleased with the EU-enforced austerity. Check out yesterday’s front page…

EU withholds Greek bailout until new conditions are met

EU finance ministers are refusing to release the aid package despite a deal reached by Greece’s leaders yesterday.

# default - Thursday 9 February, 2012

From Business ETC Eurozone

Greek leaders head to Brussels empty-handed

If Greece doesn’t secure a bailout loan by 15 February it may not have the money to pay a €14.5 billion bond on 20 March.

# default - Monday 6 February, 2012

From Business ETC Eurozone

Second bailout talks resume today as Greece tries to avoid bankruptcy

The leaders of the three coalition parties meet with the PM to agree on austerity measures so a €130bn bailout can be secured – and a default avoided.

# default - Friday 13 January, 2012

From Business ETC It Never Rains...

Greece may face full default after talks with bondholders falter

Talks between Greece and its bondholders have “paused for reflection” but may be on the verge of total collapse.

# default - Saturday 5 November, 2011

Greek prime minister survives confidence vote

George Papandreou has made a pledge to step aside if necessary, and has called for a new coalition government.

# default - Thursday 3 November, 2011

So what happens IF Greece leaves the euro?

A bank run, devaluation, civil disobedience – what exactly would be the effect of Greece pulling out of the eurozone?

# default - Saturday 8 October, 2011

From Business ETC Eurozone Crisis

Eurozone debt crisis: 9 key diary dates this month

Will this be the most important month for the 17 nations of the euro area?

# default - Wednesday 28 September, 2011

From Business ETC Greece

Greek government secures €2bn property tax ahead of EU-IMF showdown

The Troika are in town today, the day after massive protests greeted the passage of a new property tax through parliament.

# default - Wednesday 21 September, 2011

From Business ETC Austerity

Greek government announces new austerity measures

Cuts in pension and a reduction in the number of civil servants are among the new measures agreed upon to try and persuade international creditors that the Greek Government is serious about fiscal reform.

# default - Tuesday 20 September, 2011

The 9 at 9: Tuesday

Nine things to know by 9am: FF prepares for crunch meeting on Áras, is Greece going to withdraw from the Euro?, and Europe’s women reveal their biggest turn-off…

# default - Monday 19 September, 2011

From Business ETC Opinion

Column: Greek crisis might not be all bad for Ireland

Former trader Nick Leeson argues that while Greece would take a long time to recover from a default, it could have a number of outcomes for Irish fortunes…

From Business ETC Greece

Ambitious Greece promises to turn budget surplus for 2012

The Greek government promises to spend less than it takes in in 2012 – but says it won’t repay interest on loans before that.

# default - Sunday 18 September, 2011

The 9 at 9: Sunday

Nine things to know this Sunday morning including €500 All Ireland tickets, the latest in the race for the Áras, and Dale Farm travellers brace for eviction…

# default - Saturday 17 September, 2011

What would happen to us if Greece defaulted?

TheJournal.ie reporters have been quizzing those in the know to describe the potential fallout of a Greek debt default on Ireland’s economic, social and political scene…

# default - Friday 16 September, 2011

From Business ETC Explainer

Explainer: If Greece goes bust, who gets crushed?

Take a look at who is the most exposed when it comes to the possibility of a Greek default…

# default - Wednesday 14 September, 2011

From The Daily Edge Flagpalm

Facebook joke about EU commissioner’s flag gaffe ‘not an official remark’

A comment on the EC’s official Facebook page, saying Gunther Oettinger has “form in the foot in mouth department”, was a joke.

German commissioner insists he doesn’t support ‘half-mast’ idea

Gunther Oettinger says lowering the flags of “default sinners” is an idea already out there – and that he didn’t say he supports it.

# default - Tuesday 13 September, 2011

Germany’s EU commissioner wants Irish flag flown at half-mast

Günther Oettinger wants the flags of ‘deficit sinner’ countries – including Ireland – to be at half-mast at all EU institutions.

# default - Thursday 4 August, 2011

From Business ETC Interest Rates

ECB maintains 1.5 per cent rate amid Eurozone concerns

Spanish and Italian bond yields have eased slightly today on the 14-years highs they struck earlier.

# default - Sunday 31 July, 2011

From Business ETC US Debt

US debt talks continue amid signs of optimism

Negotiations to raise the US debt ceiling continue at the White House as Tuesday’s default deadline looms closer.

# default - Friday 29 July, 2011

Republicans delay crucial vote as US creeps closer to default

John Boehner calls off a vote on a draft plan to cut the US deficit, amid fears that party members wouldn’t back it.

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