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Dublin: 7 °C Saturday 19 October, 2019

#Debt Crisis

# debt-crisis - Wednesday 7 December, 2011

From The Daily Edge Spanish schoolchildren to be rationed toilet paper in new austerity drive Austerity

Spanish schoolchildren to be rationed toilet paper in new austerity drive

Cuts to education budgets mean that schools in the north east of the country are having to be more frugal.

EU plans to end debt crisis could be adopted ‘without treaty change’ – Kenny

The Taoiseach confirms that proposals put forward by Herman van Rompuy include options which would bypass a referendum.

# debt-crisis - 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.

# debt-crisis - 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.

WATCH: Italian welfare minister cries during austerity announcements Austerity This post contains videos

WATCH: Italian welfare minister cries during austerity announcements

Elsa Fornero breaks down in tears as she announces moves to cut the link between welfare payments and inflation.

Merkozy: Europe needs a 'tougher' treaty

The leaders of France and Germany say that a new, “tougher” European treaty needed to be agreed upon by March of next year.

# debt-crisis - Sunday 4 December, 2011

PM Monti will forgo salary as Italy approves new round of austerity

As part of the political cost cuts, Mario Monti said he would forego his salary as prime minister.

The Daily Fix: Sunday

In tonight’s Fix: Enda preps for his address to the nation; some thoughts and opinions on a crucial week ahead for the country; and just what is the ‘Panda Express?’

From The Daily Edge Sitdown Sunday: 7 deadly reads Sitdown Sunday

Sitdown Sunday: 7 deadly reads

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

Column: We need big changes to the eurozone – or we need to leave

The eurozone is designed to help its strongest economies – and if this doesn’t change, Ireland needs out, writes Mike Hall.

# debt-crisis - Saturday 3 December, 2011

Euro 'architect' claims single currency was flawed from the start

Former EC president Jacques Delors says faults in the single currency were exposed when the global credit crunch struck.

# debt-crisis - Friday 2 December, 2011

The 5 at 5: Friday

5 minutes, 5 stories, 5 o’clock.

From The Daily Edge Um, really? ECB makes video celebrating 10 glorious years of the euro Bad Timing This post contains videos

Um, really? ECB makes video celebrating 10 glorious years of the euro

They may have missed that whole eurozone crisis thing.

Poll: Does Ireland have a future in the euro? Your Say This post contains a poll

Poll: Does Ireland have a future in the euro?

France and Germany want updated treaties to create a greater fiscal union. Should Ireland be a part of that?

Merkel: EU needs a new Treaty to end debt crisis

Angela Merkel sings from the same hymn sheet as Nicolas Sarkozy, but warns that the euro crisis will take “five years” to solve.

# debt-crisis - Thursday 1 December, 2011

Sarkozy: We need to rethink Europe to save the euro Crisis This post contains videos

Sarkozy: We need to rethink Europe to save the euro

In a dramatic speech this evening, the French president said that there needs to be a “rethink” of how Europe is structured – and possibly a new treaty.

Gilmore gives strongest hint yet that Ireland opposes EU treaty change

As EU foreign ministers meet in Brussels, Eamon Gilmore insists changing EU treaties won’t act quickly enough to fix the debt crisis.

# debt-crisis - Wednesday 30 November, 2011

Kenny tells Dáil: ‘I have an answer to the euro problem’

The Taoiseach says the only way to solve Europe’s debt crisis is to tap the European Central Bank’s “infinite capability”.

Eurozone finance ministers look to IMF for help as bailout fund falls short

It’s now feared the European Financial Stability Fund does not have sufficient firepower to rescue distressed countries.

# debt-crisis - Tuesday 29 November, 2011

The 9 at 9: Tuesday

Nine things to know by 9am: Eurozone ministers prepare for crunch summit, former NI secretary’s computer may have been hacked, two more years of Trap, and Playboy sued for sexual discrimination… by men

Eurozone finance ministers hold talks amid fears of euro breakup

US president Barack Obama has weighed in with a call for EU countries to find a solution to the spiralling debt crisis.

# debt-crisis - Monday 28 November, 2011

The Daily Fix: Monday Daily Fix This post contains images

The Daily Fix: Monday

Catch up on the day’s biggest stories, as well as the bits and pieces you may have missed….

'The situation in the euro area is rapidly deteriorating,' says OECD

Fresh warnings over health of the eurozone as the OECD and Moody’s voice concerns over continuing spread of debt contagion.

Belgium follows Italy, Germany in seeing borrowing costs surge

Belgium successfully raises €450m in a bond auction, but pays its highest yield since 2000 – up by 1.3 per cent from last month.

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.

# debt-crisis - Saturday 26 November, 2011

Poll: Do you think the euro will collapse? Your Say This post contains a poll

Poll: Do you think the euro will collapse?

After another turbulent week for the single currency we’re asking the big question today as to whether or not you think the euro can survive?

# debt-crisis - Thursday 24 November, 2011

Merkel, Sarkozy propose changes to EU Treaties EU

Merkel, Sarkozy propose changes to EU Treaties

The proposals are expected to be outlined at the next EU leaders’ summit and concern stronger political cooperation in the eurozone.

# debt-crisis - Monday 21 November, 2011

Student study: Ireland could write off 85 per cent of its European debt

The pan-European ESCP business school says Ireland could get rid of €184bn in debts – by simply cancelling them out with others.

# debt-crisis - Sunday 20 November, 2011

Spain goes to the polls in an election dominated by economic problems

The conservative Popular Party is expected to win the biggest majority in almost three decades.

# debt-crisis - Thursday 17 November, 2011

Martin says there's weeks to save the euro amid reports of French-German split

Micheál Martin has been critical of France and Germany’s role in the eurozone amid reports the region’s two largest economies are split on the role of the European Central Bank.

# debt-crisis - Wednesday 16 November, 2011

The CEO of Next offers €300,000 if you figure out how to leave the euro

Simon Wolfson, who is also in the House of Lords, offers a prize to anyone who comes up with a way to quit the currency.

Taoiseach in Germany to meet with Angela Merkel

Enda Kenny will see greater flexibility in Ireland’s EU-IMF bailout programme, it is reported.

# debt-crisis - Tuesday 15 November, 2011

Kenny to meet Merkel during first official visit to Germany

The Taoiseach is expected to brief the German Chancellor on Ireland’s economic situation and discuss developments in the wider eurozone.

Martin: 'We did not play politics with the crisis'

The Fianna Fáil leader also said that the current government was continuing the policies put in place by the previous administration.

Debt crisis is Europe's worst moment since WW2 - Merkel

Angela Merkel tells delegates at her party’s conference that the European debt crisis is the greatest crisis for seven decades.

# debt-crisis - Sunday 13 November, 2011

Italy prepares for Mario as Silvio steps down

Berlusconi resigned last night, ending a 17-year-long political era.

# debt-crisis - Saturday 12 November, 2011

Here's the cheaper solution to the eurozone debt crisis...

…and it involves the ECB, an interest rate cap and an end-point for bond market intervention.

Berlusconi set to resign as Italian parliament mulls €60bn austerity plan

The Italian prime minister is expected to resign once the lower house passes the austerity plan aimed at reduced pressure on both Italy and the eurozone.

# debt-crisis - Thursday 10 November, 2011

Lucas Papademos named as Greece's new prime minister

He will head a new unity government it has been confirmed at last.

Cost of Italian borrowing falls

The markets are looking a little better today.