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#Debt Crisis

# debt-crisis - Monday 30 January, 2012

Government working to reduce size of Anglo bill

However, the Department of Finance could not confirm or deny reports that the State had asked to defer €31 billion worth of Anglo loans.

Kenny: Government has "nothing to fear" from an EU referendum

The government has “no fear or concern” about the prospect of having to put the fiscal compact deal to vote.

# debt-crisis - Sunday 29 January, 2012

Poll: How would you vote in a referendum on the new EU treaty? Your Say This post contains a poll

Poll: How would you vote in a referendum on the new EU treaty?

EU leaders will meet tomorrow to discuss the fiscal compact. But how will you vote if Ireland does hold a referendum?

# debt-crisis - Tuesday 24 January, 2012

IMF: Eurozone debt crisis to slow down the world economy

The IMF has dramatically downgraded its expectations for economic growth around the world, with Europe to blame.

Hungary could lose EU funding over failure to sort domestic budget

Although the Budget deficit for 2012 will be within EU limits of 3 per cent of GDP, it’s only because of one-off windfalls.

# debt-crisis - Monday 23 January, 2012

Lagarde: Deeper integration necessary to end euro crisis

As finance ministers meet in Brussels, the IMF chief says Europe must integrate more build ‘larger firewalls’ to move on.

# debt-crisis - Wednesday 18 January, 2012

IMF set to raise $500bn in bid to boost lending power IMF

IMF set to raise $500bn in bid to boost lending power

The IMF says it’s likely to be asked to lend $1 trillion in the next two years – and will set about raising the cash it needs to do so.

Kenny says no decision due on holding of EU referendum

A decision can’t be made on holding a referendum until the final text of the deal is agreed – and that won’t be for a while.

# debt-crisis - Friday 13 January, 2012

S&P runs riot in the eurozone: France loses AAA rating as Portugal turns to junk

A French downgrade is bad news for us, too – because Europe’s bailout fund is also likely to be downgraded by S&P.

Ireland plans to return to bond markets this year

The NTMA’s John Corrigan reveals that Ireland will stage a “phased re-entry” with the sale of short-term bonds this year.

Good news for the euro? Italian bond yields fall below 5 per cent

The financially troubled country received a favourable response to its latest bond auction.

# debt-crisis - Wednesday 11 January, 2012

Latest draft of EU deal raises further questions of Irish referendum

Even if Ireland does not need a referendum on ratifying the deal this year, one may be required later in the decade.

# debt-crisis - Tuesday 10 January, 2012

Column: I don't have political leanings - but neither, it seems, has Labour

This week, former trader Nick Leeson explains how he left London believing all UK political parties were the same – and how it looks like Ireland’s Labour party is also losing its Robin Hood status.

# debt-crisis - Friday 6 January, 2012

Lagarde: The euro will survive 2012

The IMF chief says the debt crisis – which has dragged the euro to its lowest for over a year – will not kill the currency this year.

# debt-crisis - Wednesday 4 January, 2012

Euro nears 12-month low after poor demand at German auction

While the demand for the latest batch of 10-year bonds was higher than November, it was far below the usual standard.

# debt-crisis - Tuesday 3 January, 2012

Greece: If we can't finalise second bailout, we'll have to leave the euro

The Greek government warns that talks to finalise a default on some sovereign bonds have the euro’s future at stake.

# debt-crisis - Thursday 29 December, 2011

'Super Mario' encouraged by drop in Italy's borrowing costs

But Italy’s prime minister warned that the turbulence affecting his country and the wider eurozone is not over.

Recessions, downgrades and Super Mario - 2011: the year in money Review 2011 This post contains images

Recessions, downgrades and Super Mario - 2011: the year in money

2011 may be remembered in future as the year we sorted out the financial crisis – or the year in which it grew beyond our control.

# debt-crisis - Thursday 22 December, 2011

Italian parliament passes vote of confidence in Monti's government

The Italian senate follows the chamber of deputies in passing a motion of confidence in Mario Monti’s technocratic cabinet.

# debt-crisis - Wednesday 21 December, 2011

ECB reports biggest-ever demand from banks for cheap loans

The ECB’s one-off round of three-year loans sees more demand than anticipated, sending stock markets down.

# debt-crisis - Monday 19 December, 2011

Euro members agree €150bn in new loans to IMF - but UK opts out

George Osborne told EU finance ministers that Britain would only act as part of a G20 plan, and not within the EU.

The single image that explains what happens if we leave the euro

This image from Boston Consulting Group provides a handy guide to the practical impact of leaving the common currency.

Hold the phone: EU finance ministers to hold teleconference over debt crisis

The talks are expected to focus on measures to boost the International Monetary Fund’s firepower.

# debt-crisis - Friday 16 December, 2011

Lagarde: Europe's problems can't be solved by Europe alone

The IMF head and former French finance minister calls for a united global effort to avoid a 1930s-style meltdown.

UK to play observer role in fiscal union negotiations

The UK is to “engage constructively” with other European countries over plans to create a greater fiscal union within the EU – despite its decision not to take part in the agreement itself.

# debt-crisis - Wednesday 14 December, 2011

Referendum will effectively decide whether Ireland wants to keep the euro – Noonan

Michael Noonan also says that only the nitty-gritty of the new European treaty will indicate whether a vote is needed.

DUP MPs warn that EU deal may hit Ireland's corporation tax

Ian Paisley Jr and Nigel Dodds tell the House of Commons that Ireland will face further pressure to raise the 12.5 per cent rate.

# debt-crisis - Tuesday 13 December, 2011

Belgium, Spain and bailout fund perform better in bond auctions

There’s little respite for Greece, though, which is asked to pay a higher yield on an experimental auction of short-term bonds.

Barroso hails Euro deal - but slams UK's "impossible" demands

European Commission president Jose Manuel Barroso says last week’s deal is a compromise of ’27 minus’, not of ’17 plus’.

Kenny to brief opposition leaders on Brussels deal

Representatives of Fianna Fáil, Sinn Féin and the independent benches will attend a briefing on the deal struck by 26 countries.

# debt-crisis - Saturday 10 December, 2011

Irish remain generally positive towards the euro - CNN poll

The poll carried out this week found that over half of Irish people believed it had been a good move for Ireland to join the euro.

# debt-crisis - Friday 9 December, 2011

Poll: If there was a referendum, how would you vote on the new EU deal? Your Say This post contains a poll

Poll: If there was a referendum, how would you vote on the new EU deal?

Ireland’s one of the 26 Euro members signing up to a new financial agreement. Do you support our signing up?

What's in the new EU deal - and what does it mean for Ireland? EU

What's in the new EU deal - and what does it mean for Ireland?

We try to cut through the legal language and figure out precisely what 26 EU members have signed up to in Brussels.

Hungary may adopt new EU deal - with UK veto the only obstacle to Treaty change EU

Hungary may adopt new EU deal - with UK veto the only obstacle to Treaty change

Hungary may now also sign up to the deal agreed by euro members overnight – leaving the UK as the only EU member outside it.

In full: the deal struck by 26 of the 27 EU members

The full text of the deal adopted by euro members, and by at least six – and potentially nine – of the other 10 EU members.

UK and Hungary veto plans for EU Treaty change after all-night talks

Overnight talks in Brussels fail to reach a deal, with at least 23 countries instead signing up to a ‘fiscal compact’.

# debt-crisis - Thursday 8 December, 2011

Kenny and Sarkozy underline differences ahead of crunch EU summit

Speaking at an EPP congress in Marseille, Kenny wants Europe to use the treaty it has – and Sarkozy demands a new one.

“We are not printing punts” – Central Bank responds to WSJ ‘printing press’ report

The Wall Street Journal’s people-in-the-know say the Central Bank of Ireland is evaluating whether it needs new printing presses.

EU leaders head to Brussels for make-or-break euro summit

Over a dozen heads of state – including Enda Kenny and Angela Merkel – will meet in Marseille before the crisis summit.

# debt-crisis - Wednesday 7 December, 2011

‘Merkozy’ urge common taxes ahead of EU summit

In their submission to the European Council ahead of the EU leaders’ summit tomorrow, Angela Merkel and Nicolas Sarkozy outline proposals to harmonise corporation tax and impose a new financial transaction tax.