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#International Monetary Fund

# international-monetary-fund - Friday 20 May, 2011

The Daily Fix: Friday

The world is ending tomorrow (we’re told) so here it is: the last ever wrap-up of the day’s news.

# international-monetary-fund - Thursday 19 May, 2011

Accused former IMF chief Strauss-Kahn wins $1m bail DSK

Accused former IMF chief Strauss-Kahn wins $1m bail

The former managing director of the International Monetary Fund is freed on 24-hour home detention with an electronic tag.

In full: Dominique Strauss-Kahn’s letter of resignation to the IMF DSK

In full: Dominique Strauss-Kahn’s letter of resignation to the IMF

The head of the IMF has quit amid allegations of sexual assault and attempted rape. Read his full statement to the organisation here.

Head of the IMF resigns amid allegations of sexual assault and attempted rape DSK

Head of the IMF resigns amid allegations of sexual assault and attempted rape

Dominique Strauss-Kahn says he denies “with the greatest possible firmness” the charges against him. The task of replacing him as managing director of the International Monetary Fund is already underway.

# international-monetary-fund - Wednesday 18 May, 2011

Brazil demands “new criteria” for choosing IMF chief DSK

Brazil demands “new criteria” for choosing IMF chief

As Dominique Strauss-Kahn’s future hangs in the balance, Brazil asks for the next leader to come from the developing world.

# international-monetary-fund - Monday 16 May, 2011

The Daily Fix: Monday

Our daily wrap-up of what’s been going on – including a tongue-in-cheek tour of a certain house in Abbottabad…

From Business ETC European finance leaders sign off on Portugal’s €78bn bailout Bailout

European finance leaders sign off on Portugal’s €78bn bailout

Portugal will borrow over 7.5 years at an average interest rate of 5.7 per cent – slightly less than the 5.83 per cent we pay.

IMF head Strauss-Kahn denied bail by court on rape charges

Despite offering $1m bail from his wife’s account and offering to wear an electronic tag, Dominique Strauss-Kahn is jailed until Friday.

Noonan in Brussels for summit of EU finance ministers

The Minister for Finance heads to the Belgian capital today but is not expected to make any significant progress on the terms of Ireland’s bailout package as Greece, Strauss-Kahn and Portugal dominate the agenda.

# international-monetary-fund - Thursday 12 May, 2011

From Business ETC Brendan Howlin says Ireland ‘will seek to reschedule EU/IMF loans’ Bailout

Brendan Howlin says Ireland ‘will seek to reschedule EU/IMF loans’

Brendan Howlin has told Reuters that Ireland would seek to improve the terms of its bailout as he robustly defended the government’s position on corporation tax and ruled out further austerity measures.

# international-monetary-fund - Wednesday 11 May, 2011

Don’t expect a cut to the bailout rate next week, Creighton says

French sources tell RTÉ that Ireland isn’t offering enough leeway on raising the famed corporation tax rate.

# international-monetary-fund - Monday 9 May, 2011

From Business ETC Greece bailout package set for renegotiation Greece

Greece bailout package set for renegotiation

There are conflicting reports about the extent to which Greece needs help but the suggestion that Athens would pull out of the euro has been dismissed as a “stupid idea”.

# international-monetary-fund - Wednesday 4 May, 2011

From Business ETC Government to centralise borrower data under revised EU-IMF deal Bailout

Government to centralise borrower data under revised EU-IMF deal

The Department of Finance’s draft memorandum of understanding also includes renewed plans to sell €73bn of bank assets.

From Business ETC Portugal seals the deal on €78bn EU-IMF bailout Portugal

Portugal seals the deal on €78bn EU-IMF bailout

Portugal’s caretaker government signs off on the Eurozone’s third bailout package – but is their deal better than ours?

# international-monetary-fund - Tuesday 3 May, 2011

Portuguese bailout deal due ‘in days’ – while Greece seeks extension

A preliminary agreement on emergency lending to Portugal’s caretaker government is due in days, an EU official says.

# international-monetary-fund - Sunday 24 April, 2011

The BBC bailout documentary: some choice quotes

Dan O’Brien’s half-hour programme on Ireland’s economic downfall gets its first airing. Here are some select excerpts.

Dole claimants who refuse offers of work will have payments cut

The minister for social protection Joan Burton has said that she wants to get people back to work and off the cash-in-hand black market.

# international-monetary-fund - Saturday 16 April, 2011

From Business ETC G20 countries agree guidelines aimed at preventing future financial crises G20

G20 countries agree guidelines aimed at preventing future financial crises

Despite the agreement, it is not clear what repercussions there would be for countries whose finances contain dangerous imbalances.

# international-monetary-fund - Friday 15 April, 2011

Chopra and troika partners seek to allay fears over growth

The so-called troika partners of the EC, ECB and IMF gave a press conference in Dublin this afternoon where they endorsed the Irish government’s programme.

# international-monetary-fund - Thursday 14 April, 2011

Public sector “not fit-for-purpose” and in need for reform according to minister

The comments of Brendan Howlin came as it emerged that the minimum wage is to be restored to €8.65.

# international-monetary-fund - Monday 11 April, 2011

The Daily Fix: Monday

Catch up on today’s main news stories.

# international-monetary-fund - Thursday 31 March, 2011

In numbers: What the stress tests think of the Irish economy

€70 billion (and counting) in state aid for the banks, 45,000 mortgage defaults, and 15.8 per cent unemployment…

# international-monetary-fund - Tuesday 29 March, 2011

Ireland’s already taken 27 per cent of its bailout cash

New figures from the Financial Regulator show that Ireland’s drawn down €18.4bn of the €67.5bn set aside by the EU-IMF.

# international-monetary-fund - Tuesday 15 March, 2011

“Perfectly clear” that corporation tax isn’t on table – Kenny

Enda Kenny tells the Dáil he made it clear that Ireland’s corporate tax, and its bailout interest rate, were separate issues.

# international-monetary-fund - Friday 4 March, 2011

From Business ETC Interest rate on part IMF bailout for Ireland set to fall Bailout

Interest rate on part IMF bailout for Ireland set to fall

The slight alternations in the interest rate are a result of existing agreements and are not a result of any change in policy.

# international-monetary-fund - Tuesday 1 March, 2011

African dictator’s son commissions $387m mega-yacht

In a country where some children never reach their fifth birthday, the son of the Equatorial Guinea’s dictator has commissioned a super-yacht complete with movie theatre, restaurant, pool and shark tank.

# international-monetary-fund - Wednesday 16 February, 2011

From Business ETC Portuguese treasury build auction sees yields rise Bondwatch

Portuguese treasury build auction sees yields rise

Portugal issues €1bn in twelve-month bills, while buying back some of its older debt – but the results aren’t ideal.

# international-monetary-fund - Wednesday 15 December, 2010

Dáil gives approval to Ireland’s EU-IMF bailout

The Dáil approves the €67.5bn loan package after what Brian Lenihan calls “a dreary and depressing debate”.

From Business ETC New government must reject bailout deal, says financier Soros Soros

New government must reject bailout deal, says financier Soros

George Soros says the world’s markets have priced in a renegotiation – and that the new government must seek one.

# international-monetary-fund - Saturday 11 December, 2010

The 9 at 9: Saturday

Nine things you really, really need to know by 9am: the Vatican was “offended” at the Murphy Inquiries, the bailout is back in doubt, and the Old Enemy could still be coming to Dublin.

# international-monetary-fund - Wednesday 1 December, 2010

Government promises aggressive taxes under EU-IMF bailout agreement

Tax hikes, minimum wage cuts, bank sales and austere budgets in exchange for €85bn – but there’s no hit for bondholders.

# international-monetary-fund - Tuesday 30 November, 2010

From The Daily Edge Exploding tiger, crippled economy, boozing Biffo: Taiwan’s take on Ireland’s bailout Double Irish This post contains videos

Exploding tiger, crippled economy, boozing Biffo: Taiwan’s take on Ireland’s bailout

NMA TV – a Taiwanese animation studio known for its tongue-in-cheek news reporting – goes all out on Ireland.

# international-monetary-fund - Monday 29 November, 2010

IMF can renegotiate bailout terms with new government – Chopra

Ajai Chopra says a new government can tweak the terms of Ireland’s bailout – as long as it maintains the same objectives.

Cowen insists €85bn bailout agreement is “best possible deal” Bailout

Cowen insists €85bn bailout agreement is “best possible deal”

€17.5bn of Ireland’s rescue will come from its own pensions reserve, while the remainder comes at a hefty 5.8% charge.

# international-monetary-fund - Thursday 25 November, 2010

9 at 9: Thursday

The Four Year Plan comes to the Dáil, the state considers a second bad bank, and North Korea finds an unlikely ally.

# international-monetary-fund - Wednesday 24 November, 2010

Former chief economist of IMF tells Ireland what to expect from bailout IMF

Former chief economist of IMF tells Ireland what to expect from bailout

The IMF is here – but what exactly does that mean? The former head of the organisation Simon Johnson says Ireland has to wave goodbye to “illusion and self-delusion”.

From Business ETC Bank of Ireland comes under state control in €85bn bailout Banks

Bank of Ireland comes under state control in €85bn bailout

The EU/IMF emergency fund will make €85bn available for Ireland – but will require the state to recapitalise the banks again.

# international-monetary-fund - Saturday 20 November, 2010

Bailout: €50bn for banks, and €50bn more for state

Insiders tell the foreign press that the bailout being considered for the banks is €50bn, with more for the state if needed.

# international-monetary-fund - Thursday 18 November, 2010

Lenihan admits: Ireland’s banks need foreign assistance

The Minister for Finance all but admits that a bailout is needed, saying the banking sector urgently needs funding.

From The Daily Edge 30 things Twitter wants to ask the IMF Getting To Know You This post contains images

30 things Twitter wants to ask the IMF

Who was right in Saipan? Which is better, Daddy or chips? And as for how they get the figs into the fig rolls…