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Wednesday 29 March 2023 Dublin: 14°C

# Euro Crisis

All time
# Anglo Tapes
Anglo Tapes: 'If Central Bank did have access to contents, what the hell was it doing?' – McDonald
An Oireachtas banking inquiry is needed to identify individual wrongdoing and system failures – as well as to establish the behaviour of the Central Bank before and after the economic collapse, TDs have said today.
Column: Here's how to protect your bank deposits in this unsettled economy
Many sensible individuals are now rightly worried about the security of their savings and investments, writes David Quinn who says diversification is key.
# EU
Spain unemployment rate shoots to 26 per cent
An extra 187,300 people have joined Spain’s jobless queue – bringing the total to 5.97 million people.
# Your Say
Poll: Do you think the jobs crisis has reached its peak?
A Eurobarometer survey says just over half of us think the worst is yet to come. Really?
# the euro
Two-thirds of Irish people want to keep the euro
That, however, is a drop in confidence in the single currency on the last Eurobarometer survey.
# Euro Crisis
IMF calls for full EU banking union to counter crisis
Dealing with problems on a country by country basis not working, says IMF.
# Vodafone
Vodafone makes €2.4bn loss on southern European woes
Mobile giant blames tough trading conditions in southern Europe for losses.
# Eurozone
Portugal criticises tardy European Central Bank
The ECB “arrived late” to attend to the debt crisis in the eurozone, accuses Portuguese president Anibal Cavaco Silva.
# besties
Hollande and Merkel buddy up for anniversary talks as Euro, EADS loom
The European leaders met today to mark the seminal 1962 speech made by Charles de Gaulle famed for opening a new chapter in relations between France and Germany.
# fiscal compact
German court set to rule on whether Germany can sign the ESM into law
The court will rule tomorrow morning whether the president can sign the ESM into law or not.
# Eurozone
Michael Noonan set to meet with EU finance ministers
The Finance Minister is expected to discuss plans to ease austerity on bailout countries in meetings in Paris, Berlin and Rome next week.
# Italy
Italy's electoral law increases market fears
The current system allows party leaders to pick and choose the list of candidates the electorate can vote for and guarantees a strong majority in parliament for the winning party.
# Bonds
Head of Bundesbank says ECB bond buying is "like a drug"
In the latest sign of a growing rift within the ECB, Jens Weidman criticised the ECB chief’s policies on buying member state bonds to drive down borrowing costs.
# big fat greek sale
Taking advice from the Germans? Greece ready to sell off uninhabited islands
The Greek prime minister has told Le Monde that the beleaguered country is ready to sell some islands – something that two German MPs told them to do two years ago.
# Euro Crisis
Major French bank predicts next moves for Europe
Ahead of crunch talks between major country leaders and 6 September ECB meeting, Société Générale economist has some predictions: including possibly unlimited ECB bond-buying.
# Euro Crisis
Is the ECB about to uncork a game-changer?
A Euro-skeptic columnist at the Daily Telegraph insists that Der Spiegel is correct in saying the ECB wants to cap borrowing costs for Spain and Italy.
# Euro Crisis
Europe sleepwalking to economic disaster, say experts
“Euro will disintegrate” unless there is “significant burden sharing” between member states, warn economic experts.
# Euro exit
Finland flags Euro exit
Finance Minister says that it would consider leaving euro rather than paying for the debts of another country.
# Plan B
Campaign group proposes €15bn stimulus to 'bust myth that austerity works'
Claiming our Future says its plan works within the bailout agreement but has admitted its proposals are not fully-formed as yet.
# Greece
Five days after he was appointed, Greek finance minister resigns
Vassilis Rapanos was hospitalised last week after reportedly fainting the day after he was appointed to the finance ministry.
# Greece
Incoming Greek finance minister hospitalised after 'fainting'
Vassilis Rapanos was reportedly hospitalised with strong stomach pains, vertigo, nausea, sweating and fatigue earlier today.
# Euro Crisis
Merkel: German money will not save Europe
Chancellor says that countries need to cut debt, not print more money through the issuance of Eurobonds.
# Bailout
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.
# Iceland
Iceland ex-PM convicted on 1 of 5 bank charges
Geir Haarde has been found guilty of one of the charges against him – however he will face no punishment and the state will pay his expenses in defending the case.
# Euro
Imperfect 10: The euro was introduced a decade ago today
It came in with a bang – will it end with a whimper?
# Stressed
20 banks that are praying Europe doesn't go bust
AIB and Bank of Ireland are in this list from Business Insider which ranks them the first and seventh most exposed banks in Europe.
# EU
The picture that sums up the situation in Europe right now?
We’re sure this image from outside the ECB Occupy Frankfurt was not an omen…
# Punt nua?
“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.
# Your Say
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?
# Eurozone
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.
# Euro Crisis
Papandreou struggles to end political deadlock
The Greek Prime Minister struggled to form a temporary coalition government today – saying that move is vital for demonstrating the country’s commitment to remaining in the eurozone.
# Eurozone
EU leaders strike 'comprehensive' debt deal after hours of talks
Greek debt will be written down by 50 per cent, with the EU bailout fund boosted to around €1trillion.
# Yes Man?
Is Alessio Rastani actually one of The Yes Men? [Update: They say he's not]
‘Culture jamming’ group The Yes Men say independent trader Alessio Rastani isn’t a member – and that they think he’s genuine.
# Debt Crisis
WATCH: BBC newsreader stunned as trader predicts wipe-out of savings
Independent trader Alessio Rastani says he and his colleagues look forward to downward markets. The BBC is stunned.
# Euro Crisis
Obama: Euro crisis is 'scaring the world'
The US president says European leaders have not been acting quickly enough to solve the crisis – and that the world is suffering.
# Greece
Merkel warns against Greek default - but says 'firewall' is needed
A ‘firewall’ is needed in order to stop Euro members falling like dominoes, Angela Merkel says – though Greece is sustainable for now.
# Germany
German opposition to back Merkel over Greece
The centre-left Social Democratic Party said that it would back German Chancellor Angela Merkel in her plan to impose a “Marshall Plan” for debt-laden Greece.
# Euro Crisis
Emergency EU meeting amid fears Italy could be next in crisis
Herman Van Rompuy has called top officials together for talks as the markets show jitters over Italian government debt.
# Bond Markets
Euro rallies after Spain offloads new bonds
Is the Eurozone debt crisis dying? Spain’s bond yields might be up, but the Euro is picking up speed afterward.
# Euro Crisis
ECB expected to announce new debt-crisis measures
Speculation is growing that the European Central Bank may increase its bond-buying programme in an attempt to fortify the eurozone.