# European Stability Mechanism

All time

# Nope Nope Nope

Angela Merkel's 'Dr No' makes Ireland's search for a bank debt deal much harder

Analysis: Dr Joachim Pfeiffer’s visit to Dublin this week was not a pleasant one for Enda Kenny.

11.6k

Jul 26th 2014, 11:15 AM

# bank debt deal

Michael Noonan to discuss Troika exit with head of eurozone bailout fund

Ireland’s push for a bank debt deal may also come up, but is not on the formal agenda for the meeting today.

3.4k

Jan 17th 2014, 7:05 AM

# bailout fund

ESM chief: Recouping of AIB, BoI costs "either difficult or impossible"

The Government had been hoping to unload the debt from the two bailed-out banks.

5.8k

Sep 27th 2013, 4:43 PM

# Bailout

Euro finance ministers agree direct help for banks

The 17 eurozone ministers are joined today by their 10 non-euro colleagues to discuss these issues in a Bank Recovery and Resolution Directive.

2.9k

Jun 21st 2013, 7:55 AM

# Debt deal

Noonan: Ireland will escape bailout, even if we can't recover bank costs

The finance minister says the world recognises that Ireland’s debts are sustainable, but he won’t give up on help.

6.5k

Jun 20th 2013, 6:58 PM

# Bailouts

EU faces talks on bank sector reform and who should pay for future bailouts

Finance ministers are also expected to formally approve a 7-year extension on Ireland’s and Portugal’s bailout loans.

2.2k

Jun 20th 2013, 7:40 AM

# Dijsselbomb

Update: Eurozone head insists Cyprus deal not template for future bailouts

Jeroen Dijsselbloem had earlier said the Cyprus template – where depositors and bondholders are hit before governments – is the new model for how troubled banks will be handled. He has since clarified the remarks.

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113

Mar 25th 2013, 6:35 PM

# Eurogroup

Key meeting in Brussels to discuss whether AIB, BoI costs can be recouped

Eurozone finance ministers will today discuss the key question of whether the Euro’s bailout fund will chip in to Ireland’s costs.

7.4k

Mar 4th 2013, 3:49 PM

# Promissory notes

Everything you need to know about the promissory notes, but were afraid to ask

You have been and will be hearing a lot about promissory notes in the coming weeks but what’s it all about? We’ve taken your questions, come up with some of our own and asked the experts…

38.1k

Feb 3rd 2013, 8:00 AM

# Gaeilge

Céard? 17 words from modern Ireland, in Irish

Have you ever sent a ‘tvuít’ about the ‘tarrtháil’?

27.5k

Jan 26th 2013, 3:38 PM

# Next stop Munich

Kenny to address meeting of Merkel's Bavarian sister party

The Taoiseach is in Munich to address a meeting of the Christian Social Union, the regional sister party of the CDU.

3.6k

Jan 8th 2013, 7:59 AM

# Brussels

Deal on Irish bank debt 'can be reached before 2014' - Kenny

The Taoiseach says discussions on the help Ireland can receive from the ESM can continue before a new banking supervisor is set up.

5.0k

Dec 14th 2012, 3:23 PM

# European Council

EU leaders repeat aim of splitting bank and sovereign debts

Ahead of Day 2 of a two-day summit, EU leaders say a deal on a new banking regulator is “a major qualitative step”.

3.2k

Dec 14th 2012, 9:52 AM

# Downgrade

Eurozone's new bailout fund loses AAA credit rating

The European Stability Mechanism has been downgraded by Moody’s, following a similar drop for France.

4.4k

Dec 1st 2012, 12:50 PM

# pringle

Pringle could face substantial legal costs after European court loss

The independent TD said that if the court decides he’s liable for a six figure sum he does not have the cash in hand to pay.

6.0k

Nov 28th 2012, 3:48 PM

Evening Wrap

The 5 at 5 5 minutes, 5 stories, 5 o’clock…

4.9k

Nov 27th 2012, 4:50 PM

# ESM

European court rules against Thomas Pringle, says ESM is lawful

The European Court of Justice has ruled that the eurozone’s permanent bailout fund is lawful.

7.2k

Nov 27th 2012, 9:00 AM

# ESM

European Court of Justice to discuss legality of new permanent bailout fund

The ECJ will today discuss whether the European Stability Mechanism (ESM) is legal under existing EU law.

3.2k

Oct 23rd 2012, 7:30 AM

# bank debt

Govt insists agreement to address bank debt stands, FF says it's in denial

The government has continued to insist a deal on Ireland’s debt still stands despite comments from the German chancellor yesterday.

3.9k

Oct 20th 2012, 3:31 PM

# oh mein gott

Here's the exact transcript of Angela Merkel's comments in Brussels

“It will not be a retroactive direct capitalisation. If recapitalisation is possible, it will come for the future.”

11.2k

103

Oct 19th 2012, 7:27 PM

# European Council

Merkel rules out backdated ESM help for bailing out Europe’s banks

The German chancellor tells a news conference there “will not be any retroactive direct recapitalisation”. That’s us told.

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225

Oct 19th 2012, 3:56 PM

# Tobin Tax

Noonan rejects Tobin tax over fear of jobs losses

The Finance Minister said Ireland would not adopt the tax unless Britain also did – over fears Irish jobs could be lost to London.

5.1k

Oct 10th 2012, 8:39 AM

# Spain

Spain to announce Budget - with €39bn of cuts on the table

Prime minister Mariano Rajoy will hope that the hard-hitting Budget will soften the terms of any prospective bailout.

4.1k

Sep 27th 2012, 9:56 AM

# Promissory notes

Ireland may issue 40-year bond to replace promissory notes - report

Bloomberg reports that Ireland could issue the former Anglo bonds worth €40 billion, allowing it to scrap the promissory note system.

5.5k

Sep 18th 2012, 8:52 AM

# ESM Treaty

Germany's top court approves permanent Eurozone bailout fund

The ruling may mean the Dáil will need another vote on approving it – but also give it a vote on increasing its size in future.

3.5k

Sep 12th 2012, 9:45 AM

# ESM Treaty

German ESM ruling: Foreign minister confident of treaty approval

Guido Westerwelle is pretty confident that the Constitutional Court will give its blessing to the permanent Eurozone bailout fund.

1.8k

Sep 12th 2012, 7:43 AM

# Greece

Greek exit from eurozone would be 'manageable' says top ECB official

The comments from Joerg Asmussen come at the beginning of another crucial week for the single currency and troubled Greece.

3.5k

Aug 20th 2012, 9:12 AM

# ESM

Government to ratify ESM today following Supreme Court ruling

The EU’s permanent bailout fund still has to clear the hurdle of the German Constitutional Court which is expected to issue a ruling in September.

2.0k

Aug 1st 2012, 8:07 AM

# ESM

Ireland to formally ratify ESM Treaty after Supreme Court clearance

Instruments of ratification – the final leg in the approval process – will be formally lodged in Brussels today.

2.9k

Jul 31st 2012, 5:33 PM

# Debt Crisis

Explainer: Why is Spain under so much financial pressure?

The cost of borrowing for Spain keeps getting higher – fuelling rumours of needing a full-on bailout.

3.0k

Jul 27th 2012, 6:24 PM

# Uh-Oh

Spain ‘discussed €300bn bailout with Germany’ – Reuters report

Reuters says a Spanish minister broached the idea on Tuesday. If they’re right, Ireland could be hit with a bill for €4.77 billion.

2.1k

Jul 27th 2012, 5:16 PM

# bailout funds

ECJ to rule on whether permanent Euro bailout fund is legal

The Supreme Court has asked the European Court of Justice for clarity after a legal challenge from TD Thomas Pringle.

5.0k

Jul 26th 2012, 9:17 PM

# Debt Crisis

Greens tell Gilmore: 'You'll need to convince German allies on bank deal'

The Green Party points out that Labour’s sister party in Germany is opposed to letting banks borrow straight from the ESM.

2.7k

Jul 25th 2012, 4:12 PM

# Pulling The Plug?

IMF refuses to deny reports that it may cut Greek funding

Der Spiegel says the IMF wants out of Greece as soon as the ESM kicks in in September – and the IMF won’t deny it.

3.7k

Jul 23rd 2012, 3:33 PM

# Spain

No split between banks and sovereign - for now - as Spain secures bailout

The assistance – of up to €100 billion – comes with terms and conditions, while banks and the sovereign haven’t been split just yet.

1.9k

Jul 20th 2012, 2:03 PM

# Botúin

Brussels made 17 errors translating the ESM Treaty into Irish

Dáil approval was needed this week to correct 17 grammatical mistakes, and typos, in the Irish version of the Treaty.

5.1k

Jun 22nd 2012, 1:23 PM

# ESM Treaty

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.

2.7k

Jun 20th 2012, 12:05 PM

# Eurozone

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.

3.6k

Jun 20th 2012, 8:55 AM

# Germany

German court says MPs need greater role in EU treaty talks

The ruling from the Constitutional Court means opposition parties will have a greater say in EU treaties in future.

1.3k

Jun 19th 2012, 9:57 AM

# Full Steam Ahead

Government will ask TDs to ratify ESM Treaty this week

Bolstered by the Yes vote in the Fiscal Compact, TDs will vote this week on ratifying Ireland’s participation in the ESM.

1.9k

Jun 2nd 2012, 10:30 AM