This site uses cookies to improve your experience and to provide services and advertising. By continuing to browse, you agree to the use of cookies described in our Cookies Policy. You may change your settings at any time but this may impact on the functionality of the site. To learn more see our Cookies Policy.
Dublin: 9 °C Wednesday 16 October, 2019

#Debt Crisis

# debt-crisis - Wednesday 20 June, 2012

Dáil approves Ireland's ratification of new Eurozone bailout fund

TDs vote by 114 to 22 to have Ireland participate, a move which will require €1.27bn in cash payments before 2014.

Explainer: Have Spain and Italy been 'bailed out'?

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

Brussels says report on Troika loan proposal is "simply not true"

The European Commission flatly denies an RTÉ report saying the Troika are considering extending the schedule for repayments.

Euro crisis: Spanish cost of borrowing hits 7pc as investors seek safety

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

IMF releases €1.4bn of bailout money to Ireland, warns of slowing growth

So far so good according to the International Monetary Fund, one of our three bailout partners.

Downgraded: Moody's slashes Spain's credit rating

The downgrade comes on foot of an agreement reached at the weekend to bailout Spain’s troubled banking system.

Even Germany's cost of borrowing is beginning to rise again

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

No date for when country will 're-engineer' bank debt - Taoiseach

Enda Kenny said his government remained committed to negotiations to reduce Ireland’s banking debt.

Euro crisis: Spain's cost of borrowing rockets as Lagarde warns of 'race against time'

If you were lending cash to the Spanish government for 10 years, you’d get an annual interest rate of 6.76 per cent.

Report: EU preparing 'worst case scenario' measures if Greece quits euro

Reuters says officials have discussed limits on ATM withdrawals, border checks and capital controls if Greece goes.

Rehn 'still hopes for Irish debt deal' - while Spain's bailout comes without budget rules

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

Good while it lasted: US stocks sink after Spain inspired rally fizzles

Spain’s tough fiscal challenges and the upcoming elections in Greece have added to concerns about the eurozone.

German conditions on Spanish bank deal strike blow to Ireland's hopes

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

Spanish bailout is a win for Spain, says Prime Minister Spain This post contains images

Spanish bailout is a win for Spain, says Prime Minister

Plus, the reaction from the Spanish press.

# debt-crisis - Friday 8 June, 2012

Obama to Europe: 'There are solutions to euro crisis'

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.

Brussels and Berlin: 'No news' on potential Spanish request for bailout

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

Spain sees borrowing costs rise, while France's hit euro-era lows

It’s a tale of two Europes as countries go to the bond markets this morning…

Estonian president takes to Twitter to bemoan New York Times' economic analysis

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

EU set to unveil new plan to protect taxpayers from bank losses

New proposals aim to ensure that losses are borne by shareholders and creditors.

Moody's downgrades six German and three Austrian banks

Moody’s says six major banks, including the country’s second-biggest Commerzbank, are at risk of eurozone turmoil.

Spain: We're being frozen out of markets, and we need help now

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

French minister blames US for creating eurozone's debt crisis

France’s new foreign minister hits back at Barack Obama, saying: ‘Lehman Brothers was not a European bank.’

# debt-crisis - Monday 4 June, 2012

Not for turning: Germany says eurobonds are 'completely inappropriate'

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.

Portugal to pump €6.65 billion into three banks, passes bailout review

One bank – BPI – has confirmed it is to receive €1.5 billion in capital injections.

# debt-crisis - Sunday 3 June, 2012

George Soros: The eurozone crisis is all Merkel’s fault – and this is why

One of the world’s wealthiest traders – and one of its most-respected philanthropists – has an interesting theory.

'We have to get a deal on our bank debt' - Tánaiste

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.

Eurobonds will come sooner or later, reckons Mario Monti

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

Krugman: Ireland voted for a 'bad idea' - and euro could collapse in two years

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

Swiss central bank chief: 'We’re making provisions for a euro break-up'

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

Stocks open mixed as Europe summit disappoints

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

Innovation? Controversy? What's on the table at today's meeting of EU leaders?

Promoting jobs and growth along with balancing budgets will be on the agenda today.

# debt-crisis - Monday 21 May, 2012

Explainer: What are Eurobonds and why do they matter?

Your quick guide to current proposals for a commmon euro-area bond.

# debt-crisis - Saturday 19 May, 2012

G-8 leaders to focus on European financial crisis G8

G-8 leaders to focus on European financial crisis

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

Obama to meet Hollande before G8 summit

The new French president is set to visit the White House today.

Moody's in mass downgrade of 16 Spanish banks

The ratings agency raised fears over the “creditworthiness” of the country and its ability to support its banks.

# debt-crisis - Tuesday 15 May, 2012

Eurozone GDP unchanged in the first quarter of 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

Noonan urges Greek parties to form government and stay in the euro

Attending a summit in Brussels, Michael Noonan says it is “very important that the eurozone stays intact”.

Going down: Markets fall across Europe as Spain sells off €2.9bn of bonds

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

Explainer: New elections? Euro exit? Just what is going on in Greece?

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

Honohan's call for direct recapitalisation of banks is '€64bn too late' - SF

Sinn Féin has welcomed a call from the governor of the Central Bank for distressed banks to be directly recapitalised from EU funds.