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#Government Debt

# government-debt - Friday 15 August, 2014

Two out of three ain't bad: another ratings agency gives Ireland an A

The move should spark even more interest in our government debt.

# government-debt - Thursday 13 March, 2014

Sold: NTMA sells €1 billion worth of Irish government debt

Sold: NTMA sells €1 billion worth of Irish government debt

The yield of 2.967% is less than was previously expected.

# government-debt - Monday 12 August, 2013

39 per cent jump in Government-issued debt in the last year

The liquidation of IBRC led to a rise in the twelve months between June 2012 and June 2013.

# government-debt - Monday 4 March, 2013

Exchequer returns show slight fall in tax take for February

The total tax take in February 2013 was €2.042 billion – down by €186 million on the same month from last year.

# government-debt - Saturday 22 December, 2012

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.

# government-debt - Friday 27 July, 2012

Irish bond auction welcomed but 'country is still on life support'

The NTMA auctioned over €4 billion in Irish bonds yesterday in the first long-term debt sale since the bailout.

# government-debt - Thursday 26 July, 2012

Ireland raises €4.19 billion in first return to bond markets

Investors were willing to give us €4.19 billion in loans maturing in 2017 and 2020 – but they come at a cost.

# government-debt - Thursday 5 July, 2012

Ireland's €500m government debt sale goes better than expected

Minister for Finance welcomes auction of Treasury Bills which fetched a 1.8 per cent yield.

# government-debt - Friday 15 June, 2012

11 things to know about the IMF's latest Irish review

The latest IMF update on Ireland’s financial health, summarised into handy bitesized chunks.

# government-debt - Thursday 19 April, 2012

Rates up but Spanish bond sale passes off

Spain sold €2.5 billion in debt successfully this morning, with higher interest from investors than expected.

# government-debt - Saturday 14 April, 2012

Column: The Irish default debate will be long – but we have to start it now

Economist Constantin Gurdgiev describes his work on a new book asking the question: What would happen if Ireland walked away from its debts?

# government-debt - Wednesday 11 April, 2012

€1.5billion to be paid to senior AIB bondholders today

Independent TD Stephen Donnelly has described the payment as “criminal”.

# government-debt - Sunday 18 March, 2012

The 9 at 9: Sunday

The nine things you need to know this morning…

# government-debt - Tuesday 17 January, 2012

Column: 10 reasons why Ireland should be praying for a second bailout

Cheap money, essential reforms, and a route away from gombeenism? A second bailout would have immense benefits for Ireland, argues NAMAwinelake.

# government-debt - Friday 13 January, 2012

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.

# government-debt - Thursday 5 January, 2012

Column: Ireland faces a decade of austerity – so let’s not waste it

Economists tell us we’ve got ten years of financial difficulty – so do we want to buckle under, or use this opportunity to reshape Ireland? Aaron McKenna writes.

# government-debt - Tuesday 20 September, 2011

Italy's credit rating slashed by Standard and Poor's

The agency said a “weakening” economy and fragile government were putting the country at risk.

# government-debt - Monday 23 May, 2011

Ruling Socialists take battering in Spanish local elections

The party of prime minister Jose Luis Rodriguez Zapatero loses most of its power, triggering calls for early general elections.

# government-debt - Wednesday 16 March, 2011

From Business ETC Portugal facing choppy waters after Moody's debt downgrade Portugal

Portugal facing choppy waters after Moody's debt downgrade

The ratings agency cuts the rating it gives to Portuguese government debt, down two notches from A1 and A3.

# government-debt - Thursday 4 November, 2010

THE OVERNIGHT ANNOUNCEMENT of a second programme of quantitative easing (‘QE2′) in the United States has done little to help the cost of Irish government bonds. As investors look to paper from other more secure nations, the cost of ten-year Irish bonds has shattered its previous record, standing at 7.635% as of 9:35am. Yesterday the spread between Irish and German bonds hit 5% and it’s continued to rise since. It’ll be a long day.

# government-debt - Wednesday 3 November, 2010

# government-debt - Tuesday 2 November, 2010

THE COST OF BORROWING for the Irish government closed at an all-time high today, finishing above 7.3% for the first time since Ireland joined the Euro in 1999. The interest rate demanded by the world’s investors closed at 7.304% – the highest it has ever been, and well higher than the Greek rate when it required its own bailout in April. Here’s why you should care about the bond market chaos.

Insuring against Irish default costs more now than ever before

Bad sign: purchasing insurance against an Irish bond default is more expensive today than it has ever been.

Ireland has "a month to stop bailout" - UCD economist Bailout Republic?

Ireland has "a month to stop bailout" - UCD economist

First Colm McCarthy, now Karl Whelan says the movements in bond markets leave Ireland on the brink of default.

# government-debt - Monday 1 November, 2010

ON FOOT of the record cost of borrowing for the Irish state – which today closed at 7.141% – has seen the cost of insuring against an Irish default hit record levels once more. Earlier this afternoon the cost of an Irish ‘credit default swap’ hit 5% for just the second time – meaning that borrowers with €10m in Irish debt will have to pay €500,000 a year to insure themselves against the cost of a bailout. It means the world’s markets believe there to be a 28% chance that Ireland will fail to meet its repayment obligations in the next five years.

Borrowing costs continue upward spiral amid IMF fears

The cost of borrowing for Ireland goes over 7% again, as investors buy into Colm McCarthy’s fears of an IMF bailout.

# government-debt - Thursday 28 October, 2010

Government borrowing costs exceed 7% for first time Bond Markets

Government borrowing costs exceed 7% for first time

The cost of Irish borrowing is more expensive than ever – and briefly exceeded the 7% ceiling for the first time.

# government-debt - Wednesday 27 October, 2010

Government borrowing costs take yet another spike

As the government announces massive budget adjustments, the cost of Irish borrowing lies just off its all-time peak.