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#Financial Times

# financial-times - Tuesday 16 October, 2018

EU suggests extending transition period to secure Irish backstop - reports

The UK has to enter the transition period to leave the EU by the 29 March – that’s if there’s a Brexit deal at all.

# financial-times - Tuesday 26 July, 2016

WADA chief has framed photo of him shaking hands with Vladimir Putin in his house

The Financial Times paid a visit to his Glasgow home and certainly got more than they asked for.

# financial-times - Monday 21 March, 2016

From The42 Is Tim Howard set to earn more money than every other MLS goalkeeper combined? Financial Times

Is Tim Howard set to earn more money than every other MLS goalkeeper combined?

It may say more about the league’s rigid structure than anything else.

# financial-times - Saturday 26 September, 2015

From The42 Neymar could lose a staggering amount of money after allegations of tax evasion Financial Times

Neymar could lose a staggering amount of money after allegations of tax evasion

The Brazilian star has had £33.1m worth of assets frozen.

# financial-times - Thursday 23 July, 2015

After much speculation, the Financial Times will be sold to Nikkei Inc.

The distinctive pinksheet has been sold to the Japanese media giant.

# financial-times - Friday 10 October, 2014

Ireland has made the front page of the Financial Times again…

… and yes, it’s because of the Double Irish loophole.

# financial-times - Monday 29 September, 2014

Ireland denies giving illegal State aid to Apple as FT front page makes world headlines

The Department of Finance says that Apple has been “taxed fully” in Ireland.

# financial-times - Monday 18 August, 2014

The IFSC is poised to swoop if US banks go cool on London

Dublin could profit – but don’t expect skyscrapers lining the quays.

# financial-times - Thursday 22 May, 2014

Ireland got 'stuffed' on banking debt - Martin Wolf

The Financial Times columnist says that the eurozone is being run for “the benefit of creditors”.

# financial-times - Tuesday 21 January, 2014

Digicel plans €500m investment as Denis O'Brien targets 'massive push' in 2014

In an interview with the Financial Times, O’Brien said that an expected $650m dividend from the company to him “hasn’t been paid yet”.

# financial-times - Wednesday 8 January, 2014

From Business ETC Noonan named as Europe’s Finance Minister of the Year by ‘The Banker’ Top Dog

Noonan named as Europe’s Finance Minister of the Year by ‘The Banker’

The Financial Times’ magazine said that Noonan was awarded the accolade because of his “extraordinary progress” since taking the job in 2011.

# financial-times - Monday 21 October, 2013

UCD Smurfit School MBA ranked among best in world

The MBA programme has moved up five spots in the Financial Times Global Executive MBA Rankings.

# financial-times - Wednesday 15 May, 2013

Column: We have a president with an opinion, what's the big deal?

Michael D Higgins won the Irish presidential elections based on his vision of a ‘radically inclusive Republic’. So how could anyone be surprised about him elaborating on that vision, asks Maura Adshead.

# financial-times - Sunday 5 May, 2013

Poll: Has President Michael D Higgins crossed the line by criticising Europe? Your Say This post contains a poll

Poll: Has President Michael D Higgins crossed the line by criticising Europe?

Some believe the president has overstepped the remit of his office by criticising EU austerity policies in an interview with the Financial Times.

# financial-times - Thursday 2 May, 2013

Michael D: 'The EU will become illegitimate without economic reform'

President Higgins says the EU is facing a “moral crisis” as much as an economic one: “You are either a union or you’re not.”

# financial-times - Sunday 24 February, 2013

Sitdown Sunday: 7 deadly reads

The very best of the week’s writing from around the web.

# financial-times - Thursday 22 November, 2012

Michael Noonan is officially better than he was one year ago*

*At least, according to the Financial Times which has produced its annual ranking of the EU’s finance ministers.

# financial-times - Monday 25 June, 2012

Bankers' pay worldwide up 12 per cent

Chief executives at 15 leading banks were awarded an extra €12.8 million over the past year.

# financial-times - Wednesday 30 May, 2012

FT warns Spain against Irish path of saving the banks

Spain looking at issuing promissory notes to prop up its largest bank to the tune of €19bn. Don’t do it, says the Financial Times – just look at Ireland…

# financial-times - Saturday 17 March, 2012

Investigation into banking crash needs to hurry up - Howlin

Brendan Howlin also said there is a chance the referendum on public inquiries could be rerun to allow an inquiry into the banking crisis to take place.

# financial-times - Thursday 1 March, 2012

Gilmore denies referendum campaign will be linked to Anglo deal

Eamon Gilmore appears to undermine comments of Joan Burton by insisting that progress on the Anglo notes is totally separate.

Joan Burton: 'Cutting price of promissory notes will help us pass referendum'

In an interview in the Financial Times, the social protection minister openly calls on the EU to restructure the promissory notes.

# financial-times - Tuesday 6 December, 2011

Germany welcomes S&P moves to downgrade eurozone

Wolfgang Schauble says threats that the entire eurozone could be downgraded are an “incentive” for EU leaders to strike a deal.

# financial-times - Monday 5 December, 2011

S&P may downgrade 16 eurozone countries – and increase interest on our bailout

Standard & Poor’s says 16 eurozone nations could have their credit ratings cut – which would make Ireland’s bailout more expensive.

# financial-times - Monday 28 November, 2011

Eurozone ‘has ten days to save itself, or collapse’ – analyst

Wolfgang Münchau, associate editor of the Financial Times, believes catastrophe is coming if a deal is not struck by December 9.

# financial-times - Thursday 24 November, 2011

Poll: How do you rate Michael Noonan as Finance Minister? Your Say This post contains a poll

Poll: How do you rate Michael Noonan as Finance Minister?

The Financial Times has given Noonan a mid-table ranking in its annual poll of 19 european finance ministers – what grade would you give him?

It's official*: Michael Noonan is better than Brian Lenihan

*That’s according to the Financial Times’s annual ranking of EU finance ministers. But it’s not all good news for Noonan…

# financial-times - Thursday 21 July, 2011

From The42 German prosecutors accuse Ecclestone of bribery Allegation

German prosecutors accuse Ecclestone of bribery

F1 supremo is alleged to have received $41.4m in illegal payments from Gerhard Gribkowsky.

# financial-times - Wednesday 13 April, 2011

Ireland's taxpayers should not complain - ECB board member ECB This post contains a poll

Ireland's taxpayers should not complain - ECB board member

A board member of the European Central Bank explains why the Irish people should stop whingeing about having to foot the bill for the banking collapse.

# financial-times - Thursday 10 March, 2011

Former EU commissioner Sutherland says EU must rethink Ireland's bailout deal

Ireland’s former attorney general and the current chairman of Goldman Sachs says the current deal is likely to be unsustainable.

# financial-times - Monday 24 January, 2011

No money, no leaders, no Irish: what the world's papers say

Guess what the world’s press makes of Ireland’s latest political woes? No prizes for guessing: they don’t think it’s good.

# financial-times - Friday 21 January, 2011

The chaos in cabinet: What the rest of the world thinks

What did the rest of the world make of Unholy Thursday?

# financial-times - Monday 6 December, 2010

The 9 at 9: Monday

Nine things you really need to know by 9am: Lenihan voted Europe’s worst finance minister; semi state bosses to escape pay cuts, and a live stunt on German TV goes horribly wrong.

# financial-times - Monday 29 November, 2010

Ireland's 'non bailout' a crutch for banks 'too big to save'

The world’s press seems broadly baffled by the €85bn deal, with the 5.8% interest rate coming under attack.

# financial-times - Friday 8 October, 2010

FT columnist calls bank guarantee a "catastrophic political decision"

Wolfgang Münchau decries the decision of the Irish government to back deposits without thinking of the aftermath.

# financial-times - Friday 1 October, 2010

The world reacts to Ireland's Black Thursday

International commentators invoke a raft of dire imagery – from bodies flung off skyscrapers to a children’s story book – to describe the economy’s downward trajectory.

# financial-times - Tuesday 28 September, 2010

Do we need the IMF? Here's what the world thinks

The BBC says we’re “hideously and perilously” close to Armageddon.

# financial-times - Thursday 16 September, 2010

HAVE WE BEEN missing the Irish forest for the (ahem) Anglo Irish trees?

Uncertainty over how much the Irish government will have to fund Anglo Irish’s liabilities before it’s wound down has stalked the market recently.

That’s been wedded to fear that the country’s bad bank will take losses on the assets it’s taking off Anglo and other banks, despite heavy haircuts — but really, more bank losses than expected = ongoing crashes in real estate = fewer fiscal receipts for the Irish state.

Which, as Barclays Capital’s Antonio Garcia Pascual and Piero Ghezzi noted on Thursday, means the Irish sovereign is facing an even stickier situation in the medium term

In a relatively benign macroeconomic scenario, with medium-term real GDP growth of 3.0% and nominal yield of 5.0% and no further significant unexpected bank-related losses, the cumulative primary fiscal balance adjustment required over a five-year period (2010-14) is 11.5% of GDP…

…under a slightly less favourable macroeconomic scenario (real GDP growth of 2.5% over the medium term and nominal long-term yields at 5.5%), the cumulative primary surplus adjustment required to reduce debt to GDP to 60% by 2050 increases to 12.4% of GDP. Under a slightly more severe (but plausible) macroeconomic scenario (real GDP growth of 2.0% over the medium term and nominal long-term yields at 6.0%), a cumulative primary balance adjustment of 13.3% of GDP would be required over a 5 year period.

Joseph Cotterill blogs at ft.com/alphaville.

Read the full article at FT.com.

Department of Finance writes to FT over 'Lazarus' article

A press officer insists that the FT got its facts wrong about deposits in Irish banks and misled over Anglo.

# financial-times - Monday 13 September, 2010

JUST SHY OF the second anniversary of the Lehman collapse, the Irish government last week issued its latest plan for Anglo Irish Bank. It reveals how little Dublin – and most other governments – have learnt from the crisis.

Back then, there were good reasons to offer taxpayer crutches to toppling banks. Contagion could bring the system to its knees. Panic made market valuation useless: even solid banks looked wobbly on a mark-to-market basis. It made sense to tide them over until the insolvent institutions could be distinguished from the illiquid.

Uncertainty is now receding. Unhappily, what is emerging in Ireland is how staggering bank losses are. It is time to let them fall where they should: on unsecured creditors once shareholders are wiped out. But Irish leaders are prolonging the uncertainty in the hope that zombie banks will, Lazarus-like, come back to life.

Dublin has poured €23bn into Anglo. The new plan – to split deposits from a “recovery” bank with loans not yet transferred to the government – looks like another round of three-card monty. It does not clarify the final size of the hole to be filled (S&P thinks it can reach €35bn), and continues to make citizens protect bondholders from their own folly.

Read the full article at FT.com.

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