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Dublin: 15 °C Saturday 1 August, 2015

#Eurozone

# eurozone - Thursday 14 November, 2013

From TheJournal.ie “We fully support Ireland’s decision” – EU finance ministers Bailout Exit

“We fully support Ireland’s decision” – EU finance ministers

After a meeting in Brussels this evening the Eurogroup also announced that Spain would would not be requesting any further assistance when it exit its banking bailout.

From TheJournal.ie “The purpose of the programme was actually to exit the programme” – Noonan Bailout Exit

“The purpose of the programme was actually to exit the programme” – Noonan

The Finance Minster says that Ireland’s decision not to take a post-bailout credit line was because this was a “benign” time. The Troika say Ireland is in a “strong position”.

From Business ETC Europe’s finance ministers discussing how best to deal with failing banks Eurogroup

Europe’s finance ministers discussing how best to deal with failing banks

Michael Noonan is joining his eurozone counterparts in Brussels later today.

# eurozone - Wednesday 13 November, 2013

From Business ETC Column: The real problem to our economic crisis? The eurozone itself is deeply flawed. Column

Column: The real problem to our economic crisis? The eurozone itself is deeply flawed.

Our shared currency system is not just preventing our ability to recover but is at the root of inevitable further looming crises, writes Mike Hall.

# eurozone - Thursday 31 October, 2013

From TheJournal.ie Sinn Féin on Troika meeting: ‘We gave it to them hard and heavy’ Troika Talks

Sinn Féin on Troika meeting: ‘We gave it to them hard and heavy’

Pearse Doherty said that officials from the Troika told Sinn Féin that the chances of retrospective bank recapitalisation are “very slim”.

# eurozone - Sunday 27 October, 2013

From Business ETC Damien Kiberd: If Enda wants cash from his EU mates, he needs to stop ticking the boxes Column

Damien Kiberd: If Enda wants cash from his EU mates, he needs to stop ticking the boxes

Taoiseach Kenny wrote a letter to 26 EU heads about their 2012 “commitment” to give Ireland special treatment – but they don’t care for wimpish reminders.

# eurozone - Monday 21 October, 2013

From TheJournal.ie Column: Europe needs a new approach to illegal immigration Lampedusa

Column: Europe needs a new approach to illegal immigration

Restoring fiscal health to the eurozone remains a serious challenge, but the EU must nevertheless find a solution to its illegal immigration crisis to prevent further tragedies, writes David Moloney.

# eurozone - Tuesday 15 October, 2013

From TheJournal.ie Creation of Single Supervisory Mechanism for eurozone banks is approved Banking Union

Creation of Single Supervisory Mechanism for eurozone banks is approved

The new set of banking rules “will restore fair lending conditions across the EU,” said Barroso.

# eurozone - Tuesday 1 October, 2013

From Business ETC Slight rise in EU unemployment rate Jobless Numbers

Slight rise in EU unemployment rate

The biggest increases in unemployment were in Greece and Cyprus. Ireland is seventh worst out of the 28 EU members.

# eurozone - Sunday 29 September, 2013

From TheJournal.ie Political crisis in Italy as Berlusconi’s ministers resign Italy

Political crisis in Italy as Berlusconi’s ministers resign

The five ministers stepped down yesterday after what’s been called a ‘crazy act’ of encouragement from the former leader.

# eurozone - Friday 27 September, 2013

From Business ETC ESM chief: Recouping of AIB, BoI costs “either difficult or impossible” 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.

# eurozone - Tuesday 24 September, 2013

From Business ETC Column: What do the results of the German election mean for Ireland and Europe? Opinion

Column: What do the results of the German election mean for Ireland and Europe?

David Moloney breaks down the results of the 2013 German federal election, focusing on what kind of impact it will have on the wider eurozone economy – and, specifically, on Ireland’s corporation tax.

# eurozone - Monday 23 September, 2013

From Business ETC ECB chief says tracker mortgage rates to remain low Eurozone

ECB chief says tracker mortgage rates to remain low

Mario Draghi says that the Eurozone is recovering, slowly, but had good news for holders of tracker mortgages.

From TheJournal.ie Merkel: Ireland has made good progress, I’m grateful to Enda Kenny Bank Debt Deal

Merkel: Ireland has made good progress, I’m grateful to Enda Kenny

Earlier the Tánaiste Eamon Gilmore said that the result of the German election was never going to impact on Ireland’s push for retrospective recapitalisation of its banks.

# eurozone - Wednesday 14 August, 2013

From TheJournal.ie Good news for Ireland as Eurozone economy ‘stabilising’ Recession

Good news for Ireland as Eurozone economy ‘stabilising’

New statistics from the European Commission show that recovery is underway.

From TheJournal.ie Here Is What Happened Today: Wednesday News Fix

Here Is What Happened Today: Wednesday

Everyone’s talking about the Leaving Certificate results, Ireland winning a gold medal in Moscow and Europe’s recession coming to an end.

From TheJournal.ie The 5 at 5: Wednesday 5 At 5

The 5 at 5: Wednesday

5 minutes, 5 stories, 5 o’clock…

# eurozone - Tuesday 16 July, 2013

From Business ETC NTMA to sell €500m of T-Bills this week Bills Bills Bills

NTMA to sell €500m of T-Bills this week

The National Treasury Management Agency (NTMA) will undertake the seventh Treasury Bill sale of 2013 on Thursday.

From TheJournal.ie Greece readies itself for another general strike Greek Protests

Greece readies itself for another general strike

Unions have called for a one-day national mobilisation against the axing re-deployment of thousands of civil servants.

# eurozone - Tuesday 9 July, 2013

From Business ETC IMF tells eurozone to fix the banks and sort out unemployment IMF

IMF tells eurozone to fix the banks and sort out unemployment

The IMF has given four tasks for the eurozone to complete to ensure recovery.

# eurozone - Monday 8 July, 2013

From Business ETC Eurozone ministers to decide if Greece should get bailout money POCKET MONEY

Eurozone ministers to decide if Greece should get bailout money

Minister Michael Noonan is in Brussels today for the talks.

# eurozone - Monday 1 July, 2013

From Business ETC Food, alcohol and tobacco prices drive up cost of living Inflation

Food, alcohol and tobacco prices drive up cost of living

Inflation in the eurozone is expected to be 1.6 per cent for last month, up 0.2 per cent from May.

From Business ETC Over 26 million people in the EU were unemployed last month Unemployment

Over 26 million people in the EU were unemployed last month

Compared with May last year, the rate of unemployment has increased in 17 member states and fallen in ten.

# eurozone - Monday 24 June, 2013

From Business ETC Debt deals mean we’re borrowing €20bn less in next decade – Noonan Every Little Helps

Debt deals mean we’re borrowing €20bn less in next decade – Noonan

The finance minister gives his formal tip-of-the-hat to the news that the two European bailout funds are delaying repayments.

From Business ETC Bank bondholders would be forced to take losses under Noonan plan Five Years Later

Bank bondholders would be forced to take losses under Noonan plan

The Financial Times has obtained a proposal circulated by Noonan on how Eurozone banks should deal with problems in future.

From Business ETC Eurozone bailout fund gives Ireland seven more years to repay loans Bailout Loans

Eurozone bailout fund gives Ireland seven more years to repay loans

Good news for Michael Noonan this morning…

# eurozone - Saturday 22 June, 2013

From Business ETC EU finance ministers fail to agree on who should pay for bank bailouts Bank Bailout

EU finance ministers fail to agree on who should pay for bank bailouts

The 27 EU ministers will meet again Wednesday to try and finalise a decision.

# eurozone - Friday 21 June, 2013

From Business ETC Noonan: Taxpayers put lots of money into BOI and AIB, now we could get some back Retrospective Recapitalisation

Noonan: Taxpayers put lots of money into BOI and AIB, now we could get some back

Michael Noonan has explained the significance of last night’s agreement between eurozone finance ministers about the potential retrospective recapitalisation of Ireland’s banks.

From Business ETC Euro finance ministers agree direct help for banks 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.

# eurozone - Thursday 20 June, 2013

From Business ETC Noonan: Ireland will escape bailout, even if we can’t recover bank costs 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.

From Business ETC EU faces talks on bank sector reform and who should pay for future bailouts 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.

# eurozone - Friday 14 June, 2013

From Business ETC Cost of living rises in the eurozone but not so much in Ireland Inflation

Cost of living rises in the eurozone but not so much in Ireland

Comparing April and May figures, annual inflation rose in 16 member states, remained stable in six and fell in four.

# eurozone - Wednesday 5 June, 2013

From Business ETC Latvia gets the green light to join the euro next year You're Here Forever

Latvia gets the green light to join the euro next year

Latvia will become the second Baltic country, and the 18th overall, to join the EU’s single currency.

# eurozone - Tuesday 21 May, 2013

From TheJournal.ie Oireachtas agenda: Abortion hearings, new grocery rules and leaving the euro Leinster House

Oireachtas agenda: Abortion hearings, new grocery rules and leaving the euro

The third day of abortion hearings takes place today, while the Dáil debates calls for new rules on leaving the eurozone.

# eurozone - Saturday 18 May, 2013

From TheJournal.ie Aaron McKenna: Money, Money, Must Be Funny In A Eurocrat’s World Opinion

Aaron McKenna: Money, Money, Must Be Funny In A Eurocrat’s World

Bailed-out Ireland is to contribute an additional €90 million to the European Union to help plug a shortfall in its 2013 budget. Ludicrous? Yes – but it’s hardly a blip on the radar of incongruity that is the EU’s funny money parade, writes Aaron McKenna.

# eurozone - Thursday 16 May, 2013

From Business ETC Eurogroup chief says Eurozone is much ‘calmer’ now than last year Eurozone

Eurogroup chief says Eurozone is much ‘calmer’ now than last year

Jean-Claude Juncker was comparing the Eurozone now to a year ago in Brussels.

# eurozone - Wednesday 15 May, 2013

From Business ETC France enters recession in first quarter Eurozone

France enters recession in first quarter

French economic growth has been sluggish lately as a result of record unemployment and falling household demand – the key driver of the economy.

# eurozone - Tuesday 14 May, 2013

From TheJournal.ie It might be time to say goodbye to those tiny cent coins Your Two Cents

It might be time to say goodbye to those tiny cent coins

The European Commission is looking at replacing one and two cent coins or getting rid of them entirely due to the costs involved in making them.

# eurozone - Saturday 4 May, 2013

From TheJournal.ie Portugal: 30,000 jobs cuts, working hours increased and pension age rises Portugal

Portugal: 30,000 jobs cuts, working hours increased and pension age rises

The cuts should save an estimated €4.8 billion by 2015.

# eurozone - Tuesday 30 April, 2013

From TheJournal.ie After two months, Italy’s finally getting a new government Italy

After two months, Italy’s finally getting a new government

The Chamber of Deputies has passed a motion of confidence in the broad coalition led by new premier Enrico Letta.