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Sunday 4 June 2023 Dublin: 13°C


All time
# getting burnt
Central Bank Governor says another financial meltdown can't be ruled out
Patrick Honohan said he thought that “our fiscal crisis of the 1980s would have cured us of excesses of any type for 100 years”, but it didn’t.
# Bailout exit
That's all, folks: IMF praise Ireland, but lay out important challenges
The International Monetary Fund’s final review of Ireland’s bailout programme comes with several warnings, although says the we are seeing signs of recovery.
# Bailout
Portugal's PM declares: 'I'm not resigning. I'm not abandoning the country'
Pedro Passos Coelho was responding to the resignation of his foreign minister tonight, a day after his finance minister quit.
# Croke Park it Ain't
Greece forced to sack 15,500 public workers to keep EU funds
MPs have signed off on laws which enforce the first mandatory public layoffs in Greece for over a century.
# Eurogroup
Updated: EU finance ministers agree to delay repayment of Irish bailout loans
All 27 EU finance ministers have now given a green light to extending the maturity of Ireland’s bailout loans by seven years.
# Bailout
EU and Eurozone finance ministers begin two-day summit in Dublin
Ministers will discuss extending the repayment dates of Ireland’s loans, and the aftermath of the Cyprus bailout catastrophe.
# Bailout
Troika recommends 'giving Ireland seven more years to repay loans'
Proposals seen by Reuters, to be put to ministers in Dublin this weekend, would see extra time given for Ireland and Portugal to repay.
# Water Charges
Gilmore: Water charges will not be introduced next January
The Tánaiste says charges won’t be introduced before meters are installed, and that won’t be done in the next nine months.
# Christine Lagarde
IMF open to extending repayment date on Ireland's €19bn bailout loans
Christine Lagarde says the IMF has an “open mind” about allowing Ireland to defer its repayments if it helps end the bailout.
# Euroleaks
Troika recommends cuts to specialist doctors' salaries
In a leaked document, the Troika suggests a number of radical measures to address the health service overspend including hiring specialists from abroad, cutting doctors’ pay and making savings on the cost of drugs.
# Greece
Greek parliament begins debate on latest €13.5bn austerity package
Parliament will spend the entire week debating the 2013 Budget, which will introduce another €13.5 billion in budget cuts.
# Bailout
Lenihan letters: What’s been released, and what hasn’t
The release of further documents this week help to shed further light on Ireland’s bailout. But what don’t we know?
# Bailout
In full: Brian Lenihan tells the ECB why Ireland needs a bailout
“There comes a point at which negative sentiment starts to feed on itself … we are clearly at that point.”
# Bailout
Released: Brian Lenihan’s letter where Ireland asks for a bailout
The Department of Finance has released the letter of November 21, 2010 where Brian Lenihan says: ‘We need help.’
# Greece
Junior partners in Greek government set to veto latest Troika demands
Left-leaning partners in the coalition are rejecting Troika demands to make it easier to sack workers.
# Bailout
EU issues €3 billion bond to fund Irish and Portuguese bailouts
€1 billion of the funds – which were sold at an interest rate of 2.621 per cent – will be sent to Ireland.
# Bondholders
Noonan insists: No, the Troika DID demand that we repay the bank bondholders
After Stephen Donnelly reports the Troika shifted blame from themselves, Michael Noonan says: it’s Trichet’s fault.
# Budget 2013
Gilmore rules out seeking extension to Troika's deficit deadline
Eamon Gilmore says the public wants an end to austerity – and not to have it dragged out for longer.
# Bailout
No plans to release ECB letters despite newspaper report
The Irish Times publishes details of letters the ECB sent to Brian Lenihan in the lead-up to Ireland seeking a bailout two years ago leading to more calls for the letters to published in full.
# Water Charges
Leaked EU report: Water charges to kick in from January 2014
Irish homes will pay water charges from 1 January 2014, Brussels says – far earlier than Phil Hogan had previously said.
# Bailout
Leaked Brussels report seeks Dole cuts to long-term unemployed
The European Commission says it’s disappointed that a draft document – raising the heat on Dublin – has been leaked.
# Bailout
We asked for copies of the ECB’s letters to Brian Lenihan. Here’s what happened
With the letters back in the news today, we thought we’d publish the response to a request we made in April 2011.
# Your Say
Poll: Should ECB letters sent before the bailout be released?
Michael Noonan has been asked to publish letters which allegedly bullied Ireland into its bailout. Should he?
# Bailout
Will Noonan publish the ECB letter that forced Ireland into a bailout?
Fianna Fáil has called on Michael Noonan to publish Jean-Claude Trichet’s letter himself, after the minister said it should be released.
# Bailout
8 things to know about Ireland's latest EU-IMF documents
The Department of Finance has published the latest updates to Ireland’s memorandum of understanding this evening.
# Greece
Greek leaders agree on €11.5 billion of new cuts
Antonis Samaras has convinced his junior coalition partners to drop their objections to further austerity measures.
# Budget 2013
Fine Gael HQ assures TDs: No decisions made about Budget 2013 yet
A message from party headquarters also says speculating about Budget measures benefits nobody (except the media).
# Greece
Greece has money to pay bills until 20th July: report
Greece has about €2 billion to pay salaries and pensions until 20th July, according to media reports.
# Banks
Troika deal could move tracker mortgages to IBRC - Noonan
The minister for finance tells RTÉ that loss-making mortgages could be taken off the books of AIB and Permanent TSB,
# Bailout
IMF: Irish economy faces larger challenges than first expected
The IMF’s latest quarterly report has similar concerns to that of the EU: that a dip in exports could mean tougher times ahead.
# State Assets
FF's Martin attacks "bare-faced lies" over sale of state assets
Micheál Martin says Labour ministers are “covering their tracks” by claiming Fianna Fáil agreed to the sale of state assets.
# Household charge
93 per cent of homes haven’t paid household charge yet
Figures provided by the Department of the Environment show that only one out of every 15 households has paid up so far.
# fiscal compact
Harsh words in Seanad over cut on EU-IMF interest
Lucinda Creighton says she would refuse to return to the Seanad if FF members “accuse me of being a liar”.
# fiscal compact
Taoiseach: Bailout funds are not dependent on fiscal compact
Enda Kenny says the EU-IMF bailout supersedes the new European deal, and that Ireland’s access to funding is safe.
# Troika
IMF and ECB divided on whether Ireland should burn bondholders
The IMF says burden-sharing is an option, but the ECB says it’s worried that doing so cause panic to “spill over” to Europe.
The Troika's press conference on the latest bailout review
The European Commission, European Central Bank and International Monetary Fund discussed Ireland’s bailout progress.
# Bailout
5 things we learned at today's bailout press conference
There were five things worth noting from today’s press conference with Brendan Howlin and Michael Noonan. Here they are.
Noonan and Howlin discuss the latest Troika review
We liveblogged events from Government HQ as the ministers hosted a press briefing on the latest EU-IMF review of Ireland.
# Daily Fix
The Daily Fix: Monday
In tonight’s fix: Calls to negotiate a second bailout, Gardaí investigate woman’s death in nursing home, and which celebrity chef has been a very naughty boy?