Taoiseach insists Ireland will not go down default pathTHE TAOISEACH has insisted the Government will not follow Greece down the path of a debt default, saying any repudiation of the…Thu Oct 27 2011 - 01:00
EU to allow Greece to default as euro rescue plan is agreedEUROPE IS poised to proceed with a risky manoeuvre to allow Greece default on its debt but serious doubt remains over the willingness…Thu Oct 27 2011 - 01:00
Banks threaten to derail EU debt crisis strategyTHE WORLD’S biggest banks have threatened to disrupt Europe’s plan for Greece to default on its debt, a move which raises the…Wed Oct 26 2011 - 01:00
Euro rescue plan must surmount series of obstaclesANALYSIS: SEVERAL HURDLES stand in the way of euro zone leaders as they gather tonight in Brussels to hammer out a big new rescue…Wed Oct 26 2011 - 01:00
Alternative to Greek 'haircut' may be catastrophic for euro zoneEUROPEAN DIARY: Without a managed default on Greek debt, the country’s bailout needs could overwhelm EuropeTue Oct 25 2011 - 01:00
EU meets resistance to increase in haircutBANKING CRISIS: GLOBAL BANKS yesterday pushed back against Europe’s drive to impose big losses on Greek bondholders, warning…Tue Oct 25 2011 - 01:00
Kenny adamant State will honour rescue planCONTAGION: THE GOVERNMENT is campaigning to avoid any pressure from markets to follow an imminent sovereign default by Greece…Mon Oct 24 2011 - 01:00
Painful progress as Europe inches closer to debt dealBARGAIN : The concern remains at the highest levels that the package to be agreed will be too small to do the businessMon Oct 24 2011 - 01:00
Van Rompuy to be asked to examine need for changes to EU treatiesEURO ZONE leaders will open the door to examine the need for any changes to the EU treaties at their summit tomorrow, but the…Sat Oct 22 2011 - 01:00
Franco-German delay on aid plan angers partnersA SUDDEN move by Germany and France to delay a new rescue plan for the euro zone stirred doubt over the strength of the package…Sat Oct 22 2011 - 01:00
Ministers to release €8bn Greek rescue aidEURO ZONE finance ministers last night agreed to release a crucial €8 billion rescue loan to Greece, a move which comes as EU…Sat Oct 22 2011 - 01:00
EU bid to resolve debt crisis slides into disarrayEUROPE’S CHAOTIC attempt to assert control over the debt crisis slid further into disarray last night as Germany and France called…Fri Oct 21 2011 - 01:00
Merkel and Sarkozy remain at loggerheadsCRAMMED INTO Frankfurt’s old opera house to bid farewell to outgoing European Central Bank president Jean-Claude Trichet, the…Thu Oct 20 2011 - 01:00
Government to tap into €50bn EU investment plan for infrastructureTHE GOVERNMENT plans to make use of a €50 billion EU plan to encourage private investment in European infrastructure to boost…Thu Oct 20 2011 - 01:00
Mayhem reaches its 11th hourEUROPE’S LEADERS are racing to reach a “grand bargain” deal next Sunday to finally stamp out the sovereign debt crisisWed Oct 19 2011 - 01:00
Bailout: Revamping the fundTHE EUROPEAN Financial Stability Facility was created in panic in the course of a frantic weekend in May last yearWed Oct 19 2011 - 01:00
Berlin warns summit will not solve all aspects of euro crisisFRESH TENSIONS have emerged in Europe’s drive to settle the sovereign debt debacle next weekend as Germany plays for time in …Tue Oct 18 2011 - 01:00
Belgians no longer amused after almost 500 government-less daysEUROPEAN DIARY: ALMOST 500 days after an inconclusive election, Belgium’s long political standoff is drawing to a closeTue Oct 18 2011 - 01:00
Shares rise across Europe despite Spain's downgradeMARKETS SHRUGGED off a downgrade of Spain by rating agency Standard Poor’s as the euro rose amid expectation of a comprehensive…Sat Oct 15 2011 - 01:00
EU campaign to recapitalise banks faces oppositionEUROPE’S NASCENT campaign to recapitalise weakened banks has run into a concerted backlash from bank leaders, potentially undermining…Fri Oct 14 2011 - 01:00
Berlusconi seen as wrong leader in wrong place at wrong timeEUROPEAN DIARY: THE OTHER day I bumped into an Italian palTue Oct 11 2011 - 01:00
Merkel seeks Lisbon treaty changes as part of euro rescue dealGERMAN CHANCELLOR Angela Merkel is intensifying her drive for changes to the Lisbon Treaty as part of a comprehensive deal to…Mon Oct 10 2011 - 01:00
Sarkozy and Merkel divided on EU fund for banksGERMAN CHANCELLOR Angela Merkel and French president Nicolas Sarkozy are struggling to reconcile deepening divisions over the…Sat Oct 08 2011 - 01:00
ECB boosts emergency support for ailing banksTHE EUROPEAN Central Bank is intensifying emergency support for beleaguered banks, but has reiterated its position that it will…Fri Oct 07 2011 - 01:00
Defiant Trichet bids ECB farewellAs he gets set to hand over to the Italian Mario Draghi, his bond-buying policy remains his most contentious legacyFri Oct 07 2011 - 01:00
Cardiff nominated for European Court of AuditorsTHE NEW Irish member of the European Court of Auditors, Kevin Cardiff, who was nominated by the Government yesterday, is taking…Fri Oct 07 2011 - 01:00
Degree of haircut not main issue for IMFGREEK BAILOUT: THE IMF has signalled it would be comfortable with a higher or lower “haircut” for private bondholders in the…Thu Oct 06 2011 - 01:00
No need for Ireland to take 'dramatic' new austerity steps, says IMF directorTHE INTERNATIONAL Monetary Fund has said there was no pressing need for the Government to adopt “dramatic” new austerity measures…Thu Oct 06 2011 - 01:00
EU finance ministers struggling to make headwayRisks grow by the day, but clarity is absent as to what happens nextWed Oct 05 2011 - 01:00
Pressure mounts to recapitalise weak banks in euro zoneEURO ZONE leaders were last night under mounting pressure to recapitalise the region’s weakest banks amid warnings from regulators…Wed Oct 05 2011 - 01:00
Italy downgrade weighs on euro zoneCredit agency Moody’s last night cut Italy’s bond ratings by three notches, saying it sees a “material increase” in funding conditions…Wed Oct 05 2011 - 01:00
Finland secures revised dealFINLAND HAS secured a deal to receive collateral on its rescue loans to Greece but on terms so strict that no other euro zone…Wed Oct 05 2011 - 01:00
IMF issues upbeat Irish reviewThe IMF has warned that Ireland’s recovery could come under threat from the global economic slowdown.Wed Oct 05 2011 - 01:00
Greek failure to meet targets will not affect Ireland, says NoonanMINISTER FOR Finance Michael Noonan dismissed talk yesterday of any debt default by Greece as he said the country’s failure to…Tue Oct 04 2011 - 01:00
Growing clout of Van Rompuy critical to Merkel-Sarkozy allianceEUROPEAN DIARY : The European Commission is being sidelined by the euro zone debt crisisTue Oct 04 2011 - 01:00
Cost of State borrowing returns to pre-bailout levelsTHE REPUBLIC’S borrowing costs have returned to a pre-bailout point as investors see the Irish economy distancing itself from…Thu Sept 29 2011 - 01:00
Deeper unity far from easy solution to euro zone woesANALYSIS: ANOTHER DAY, another clarion call for unity as Europe fumbles around for a solution to the debt emergency.Thu Sept 29 2011 - 01:00
Delay by EU-IMF team raises fears of Greek defaultGREECE HAS denied that it is discussing an “orderly” default on its sovereign debt with the International Monetary Fund and the…Tue Sept 27 2011 - 01:00
Moves to bolster Europe's banks as Greek default fears intensifyEUROPEAN GOVERNMENTS are expected to move, possibly as soon as this weekend, to provide fresh support for their banks as expectation…Sat Sept 24 2011 - 01:00
Geithner demands action from Europe on debt crisisUS Treasury Secretary Timothy FSat Sept 24 2011 - 01:00
State joins drive against EU proposal on lawyer accessTHE GOVERNMENT is campaigning with Britain, France, Belgium and the Netherlands against a draft EU directive which would create…Sat Sept 24 2011 - 01:00
Time running out for Greece and Europe as talk of default hardensANALYSIS: TENSION ESCALATES by the daySat Sept 24 2011 - 01:00
McGuinness 'unsuitable for Áras'Minister for Justice Alan Shatter said today Sinn Féin candidate Martin McGuinness was an “inappropriate” person to become President…Fri Sept 23 2011 - 01:00
Markets tumble as recession fears deepenGLOBAL MARKETS endured a torrid day yesterday as anxiety intensified about the euro zone debt crisis and a warning from the US…Fri Sept 23 2011 - 01:00
Greeks agree deep cuts to avoid defaultTHE GREEK cabinet has resolved to make deep cuts to public wages and pensions and put as many as 30,000 civil servants on notice…Thu Sept 22 2011 - 01:00
EU border agency accused of mistreating migrantsTHE EU authorities have brushed off claims by human rights campaigners that European agencies are responsible for exposing migrants…Thu Sept 22 2011 - 01:00
Geoghegan-Quinn says don't overlook sacrifices undertaken by IrishTHE DIFFICULTIES faced daily by the Irish people in the drive for austerity should not be overlooked in countries whose fiscal…Wed Sept 21 2011 - 01:00
IMF warns political leaders as euro crisis worsensTHE EUROPEAN Central Bank is under increasing pressure to reduce interest rates after a warning from the International Monetary…Wed Sept 21 2011 - 01:00
IMF warns on euro debt crisisThe European Central Bank is under increasing pressure to reduce interest rates after a warning from the International Monetary…Wed Sept 21 2011 - 01:00
