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#Eurozone

# 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.

From Business ETC Eurozone inflation hits new low, raising prospect of ECB rate cut Eurozone

Eurozone inflation hits new low, raising prospect of ECB rate cut

The governing council of the European Central Bank meets on Thursday where it could provide a fresh boost to mortgage holders.

From Business ETC Record breaker: Eurozone unemployment now at 12.1 per cent Unemployment

Record breaker: Eurozone unemployment now at 12.1 per cent

Over 19 million people are unemployed in the eurozone but Ireland has recorded one of the largest year-on-year decreases in unemployment rates.

From TheJournal.ie Central Bank governor Honohan to face TDs and senators Oireachtas

Central Bank governor Honohan to face TDs and senators

Patrick Honohan will discuss economic and monetary union with TDs and senators on the Oireachtas EU Affairs Committee this afternoon.

# eurozone - Saturday 27 April, 2013

From TheJournal.ie It’s taken two months, but Italy has (finally) unveiled its new government No Rush

# eurozone - Tuesday 16 April, 2013

From TheJournal.ie Column: Who’s next in line to be consumed by the European crisis? Opinion

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?

# eurozone - Friday 12 April, 2013

From TheJournal.ie Updated: EU finance ministers agree to delay repayment of Irish bailout loans Eurogroup

Updated: EU finance ministers agree to delay repayment of Irish bailout loans

All 27 EU finance ministers have now given a green light to extending the maturity of Ireland’s bailout loans by seven years.

From TheJournal.ie Cyprus eases controls on stricken banks – but keeps €300 withdrawal limit Bailout

Cyprus eases controls on stricken banks – but keeps €300 withdrawal limit

The restrictions were imposed to prevent a run on the banks during the dramatic Cyprus bailout.

From TheJournal.ie EU and Eurozone finance ministers begin two-day summit in Dublin Bailout

EU and Eurozone finance ministers begin two-day summit in Dublin

Ministers will discuss extending the repayment dates of Ireland’s loans, and the aftermath of the Cyprus bailout catastrophe.

# eurozone - Wednesday 10 April, 2013

From Business ETC Troika recommends ‘giving Ireland seven more years to repay loans’ Bailout

Troika recommends ‘giving Ireland seven more years to repay loans’

Proposals seen by Reuters, to be put to ministers in Dublin this weekend, would see extra time given for Ireland and Portugal to repay.

# eurozone - Saturday 6 April, 2013

From TheJournal.ie Aaron McKenna: While the Eurozone is floundering, the US is seeing growth – but why? Opinion

Aaron McKenna: While the Eurozone is floundering, the US is seeing growth – but why?

The EU needs to either get on with integration, proper banking and political union or separate into amicable trading partners and neighbours, writes Aaron McKenna.

# eurozone - Thursday 4 April, 2013

From Business ETC ECB chief Draghi admits initial Cyprus bailout plan was ‘not smart’ Eurozone

ECB chief Draghi admits initial Cyprus bailout plan was ‘not smart’

The head of the European Central Bank was speaking as the eurozone’s central bank left interest rates unchanged at 0.75 per cent today.

# eurozone - Tuesday 2 April, 2013

From Business ETC Unemployed number in Eurozone highest since records here began Unemployment

Unemployed number in Eurozone highest since records here began

There is a total of 19.071 million people unemployed in the eurozone.

From Business ETC Irish economy starting to wilt again Contraction

Irish economy starting to wilt again

Manufacturing indexes across Europe paint a stark picture this morning.

# eurozone - Monday 1 April, 2013

From TheJournal.ie Declan Ganley says need for a new political party is ‘obvious’ Political Party

Declan Ganley says need for a new political party is ‘obvious’

The Libertas founder has confirmed that he is considering establishing a new political party in Ireland.

# eurozone - Saturday 30 March, 2013

From Business ETC Bank of Cyprus customers could lose up to 60 per cent of savings Cyprus

Bank of Cyprus customers could lose up to 60 per cent of savings

Senior Bank of Cyprus official Mario Skandalis confirmed the figures, although he said they had not been finalised and a final announcement was expected by Monday.

# eurozone - Friday 29 March, 2013

From Business ETC Cyprus president: Crisis is ‘contained’ and we won’t leave eurozone Cyprus

Cyprus president: Crisis is ‘contained’ and we won’t leave eurozone

Nicos Anastasiades has also thanked the Cypriot public for their “maturity and collectedness” as the banks reopened.

# eurozone - Thursday 28 March, 2013

From TheJournal.ie With limits on cash withdrawals, Cypriot banks reopen calmly Cyprus

With limits on cash withdrawals, Cypriot banks reopen calmly

The restrictions on withdrawals, cashing of cheques and taking money abroad will be lifted within a month, the country’s foreign minister said today.

From TheJournal.ie Cypriot banks brace for reopening with cash withdrawals capped at €300 Nicosia

Cypriot banks brace for reopening with cash withdrawals capped at €300

Armed security guards have been posted, but there was no sign of customers queuing early for access to their cash.

# eurozone - Monday 25 March, 2013

From Business ETC Updated: All banks in Cyprus will now stay closed until Thursday Cyprus

Updated: All banks in Cyprus will now stay closed until Thursday

Earlier it had been reported that all banks, aside from the country’s two biggest financial institutions, would reopen tomorrow.

From Business ETC Cyprus reaches last minute deal to avoid bankruptcy Cyprus

Cyprus reaches last minute deal to avoid bankruptcy

A failure to reach a deal could have seen the country exit the Euro.

# eurozone - Sunday 24 March, 2013

From Business ETC Explainer: Your 25-point crash course on what’s happening in Cyprus Explainer

Explainer: Your 25-point crash course on what’s happening in Cyprus

Bailouts! Deposit levies! Leaving the euro? It’s all been happening in the last ten days.

From TheJournal.ie Noonan insists: ‘We would never hit depositors in Ireland’ Cyprus

Noonan insists: ‘We would never hit depositors in Ireland’

Speaking in Brussels ahead of crunch talks on a proposed bailout for Cyprus, Finance Minister Noonan said he expected to reach a deal but that it will be a long night.

From Business ETC Eurozone finance ministers to meet in Brussels on Cyprus crisis Cyprus

Eurozone finance ministers to meet in Brussels on Cyprus crisis

Ministers will hold a last-ditch meeting to decide whether Cyprus will get a bailout – or be forced to leave the euro.

# eurozone - Saturday 23 March, 2013

From Business ETC Merkel ally admits European authorities underestimated Cyprus ‘mess’ Cyprus This post contains videos

Merkel ally admits European authorities underestimated Cyprus ‘mess’

Elmar Brok, the chair of the European Parliament’s Foreign Affairs Committee, has admitted he can foresee a situation where Cyprus could exit the single currency and said that authorities underestimated the current situation there.

From Business ETC Cyprus president prepares for Brussels as parties debate 25pc deposit tax Cyprus

Cyprus president prepares for Brussels as parties debate 25pc deposit tax

The Troika are in Cyprus for intensive talks, while Nicos Anastasiades could yet lead a delegation to Brussels this afternoon.

# eurozone - Thursday 21 March, 2013

From TheJournal.ie Eurogroup ready to discuss new Cyprus proposal Cyprus

Eurogroup ready to discuss new Cyprus proposal

The group reaffirmed the importance of fully guaranteeing deposits below €100,000 in the EU.

From Business ETC UPDATE: Cyprus to create ‘solidarity fund’ Crisis

UPDATE: Cyprus to create ‘solidarity fund’

The country’s president said a decision must be made today. Meanwhile, the Finance Minister remains in Russia for negotiations.

# eurozone - Wednesday 20 March, 2013

From TheJournal.ie Cyprus president demands bailout decision on Thursday Cyprus

Cyprus president demands bailout decision on Thursday

Earlier today the European Commission said it is up to the Cypriot government now to present an alternative scenario for the bailout.

From Business ETC Brussels: ‘It’s up to Cyprus to come up with a revised bailout deal’ Cyprus

Brussels: ‘It’s up to Cyprus to come up with a revised bailout deal’

The European Commission says there’s nothing else it can do if the Cypriot parliament won’t approve the bailout it offered.

From Business ETC Cyprus minister: Troika rejects our Plan B, and banks might never re-open REJECTED!

Cyprus minister: Troika rejects our Plan B, and banks might never re-open

The interior minister says the Troika has rejected alternative options put forward by Cyprus for securing its €10 billion loan.

From Business ETC Cyprus turns to Russia for help after MPs reject deposit tax Cyprus

Cyprus turns to Russia for help after MPs reject deposit tax

While President Nicos Anastasiades meets party leaders at home, the finance minister heads to Moscow with cap in hand.

# eurozone - Tuesday 19 March, 2013

From TheJournal.ie Cyprus MPs overwhelmingly reject tax on deposits Bailout

Cyprus MPs overwhelmingly reject tax on deposits

Thirty six voted against it, while there were 19 abstentions.