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Saturday 1 April 2023 Dublin: 8°C

# Sovereign Debt

All time
Voices
The Troika's negotiations with Greece shows why Ireland must do the right thing
Heavily indebted countries should have a transparent, independent mechanism to turn to when facing the possibility of not being able to repay debts.
# bumped up
As expected, Moody's upgrades Ireland's debt for second time
The ratings agency gave Ireland its second ratings bump in a year.
# bank debt
In full: Taoiseach tells EU leaders it 'remains imperative' to split bank and sovereign debt
Enda Kenny has written a letter to the president of the European Council and other EU leaders. Read it in full here.
# loan
Cyprus gets €1.5bn from EU's emergency fund
The crisis-hit nation has now received half of the package it was pencilled to get from the ESM.
# Anglo Tapes
Anglo tapes 'have not damaged our EU reputation'
The Anglo Tapes have been reported throughout Europe with Angela Merkel’s tough words pleasing German voters.
Voices
Column: Who’s next in line to be consumed by the European crisis?
While other countries are showing signs of difficulty, it’s Spain’s deterioration which could bring the euro crisis to its most dangerous point, writes Tom McDonnell, who asks where Europe goes from here?
Voices
Column: EU unity is little more than fiction in the wake of Cyprus being hung out to dry
The Cypriot case demonstrates that the European authorities are now prepared to cross the rubicon into the appropriation of deposits. It seems clear that this crisis has seen the Eurozone enter a new and dangerous phase, writes John O’Brennan.
# need to know
The Evening Fix... now with beheaded Halloween trickery
Here are the things we loved, learned and shared today.
# bank debt
Junior Minister: Bank debt deal negotiations best done in private
Brian Hayes said that outlining Ireland’s negotiating position in public would not be “very clever from the country’s perspective.
# Your Say
Poll: Do you believe Ireland will get a deal to reduce the cost of its bank debt?
The government’s campaign for a reduction in the cost of bailing out the banks has been given new hope after a joint statement from Enda Kenny and Angela Merkel, but what do you think?
# Eurozone
S&P downgrades Spain two notches
Spain’s sovereign debt rating has been cut to just one level above “junk” grade debt – which could see Madrid’s borrowing costs skyrocketing to untenable levels.
# IMF
IMF turns up heat on demands for Irish bank debt deal
The latest IMF quarterly review says having the ESM take a direct stake in Irish banks is the best way back to the markets.
# bank debt
Eurozone: Irish bank debt will be re-examined by autumn
European ministers have also rubber-stamped an initial €30billion bailout for Spain.
# Eurozone
Government to focus on 'fleshing out' EU debt deal
It’s not yet clear how much of the €120billion ‘growth pact’ will come to Ireland, Alan Shatter has said.
# Spain
Spanish borrowing costs hit record level
Moody’s downgraded Spanish debt to within one notch of ‘junk’ status yesterday.
# Spain
Spanish bailout: what we know so far
An essential round-up of the details to date of the Spanish bailout, from interest rates to lending conditions.
# Bailout
Spanish bailout welcomed by world financial leaders
Key figures in the IMF, the US and the EU have all hailed the €100bn bailout – but Irish hopes for an opening have been disappointed.
# Default
The 20 countries with the highest probability of default
Ireland has made the list – unsurprisingly – but where does it rank?
Voices
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?
# Bondholder
This man owns €1.9bn in Irish government bonds
And he’s pretty confident about Ireland’s ability to recover from the economic crisis…
# Eurozone
'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.
# Eurozone
Credit ratings of ALL European nations under threat, warns Moody's
The ratings agency said “multiple defaults” are now a possibility, and that more than one country could be forced to leave the euro.
# ECB
ECB spent €22 billion on European bonds last week
Confirmation that the bank intervened to prop up Italian and Spanish bonds comes before Germany and France meet tomorrow to discuss the ongoing debt crisis.
# Outlook
S&P upbeat about Ireland's return to bond markets
The ratings agency says its maintaining its debt ratings for Ireland and describes the country’s economic outlook as ‘stable’.
# Greece
Ireland faces €200m hit if Greek economy crumbles
Ireland’s banks will escape any fallout, but the State and private institutions will lose out if Greece goes to the wall.
# Sovereign Debt
Greek government wins confidence motion, but will tough austerity plan go through?
In Photos: Thousands protest austerity plans as Greek government passes key vote.
# Debt Crisis
Fresh warning of Greek debt contagion - for Ireland
Jean-Claude Juncker says “we’re playing with fire”.
# Summit
Eurozone meeting continues with focus on Greek debt
Finance ministers agreed on a €78m bailout package for Portugal yesterday and will focus today on rising pressure on the Greek economy.
# Ratings
Moody's warns of Irish downgrade risk due to eurozone troubles
Credit ratings agency says that commitments to avoid Ireland defaulting could change with developments in other debt-laden eurozone countries.
# Debt
Greek authorities launch investigation into Citigroup email on debt
Email suggested Greece could be forced to restructure its debt as quickly as this weekend.
LIVE
Europe's sovereign debt problems remain risky, says IMF
Latest IMF report on global financial stability warns that the financial system remains vulnerable.
# Portugal
Standard & Poor's lowers Portugal's credit rating - again
Latest downgrade comes less than a week after the last one.
# 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.
# Irish Economy
Ireland fails to rebuke claims that it’s completely insolvent
Foreign observers believe Ireland is being crushed under its own debt – and think we’re not trying to stop the rumours.