Ireland Bailout: European authorities have blinked
In the bailout package agreed for Ireland by EU finance minister today, senior bondholders in Irish banks are 100 per cent safe.
578 items found
Ireland outlines its toughest budget cuts in a generation as the country’s finance minister says it is time to move forward with “confidence and purpose”, writes Siobhan Kennedy.
In the bailout package agreed for Ireland by EU finance minister today, senior bondholders in Irish banks are 100 per cent safe.
European Union finance minister are meeting today in Brussels in a bid to finalise the 85bn euro bailout for the Irish economy.
As Chancellor George Osborne tells MPs it’s in Britain’s interest to take part in the Irish bailout, the Irish Premier promises an election in the New Year.
Negotiations over a multi-billion euro bailout with the IMF and EU continue, as the Irish Government faces calls for a General Election from a coalition partner. Faisal Islam examines the budget plan.
Ireland finally asks Europe for a financial bailout, after weeks of speculation – but the strings which might be attached to the “momentous” deal are not yet clear, as Faisal Islam explains.
The hasty confirmation Ireland will, after all the denials, apply for financial aid shows the country is no longer master of its own destiny, writes economic analyst Dr Peter Stafford.
If a new round of austerity measures in Greece fail, analysts tell Channel 4 News the country’s financial crisis could spread and leave a chunk of the world economy in ruins.
Much of the market finally lost patience today with the umming ahhing, feet-dragging, and generalised incompetence of Europe’s multi-headed economic governance. We face an epic moment in world economics, every bit as critical as the decision to bailout Bear Stearns, and then not to bailout Lehman Brothers. “Sheer panic” was the reaction of one…
Shadow business secretary, Ken Clarke, asserts that a hung parliament will result in the IMF bailing out the British economy.
Following on from Bailout 1.0 (the banking system) and Bailout 2.0 (the economy), Bailout 3.0 focuses on the RBS and Lloyds, two banks in which the government has acquired a significant stake.
UPDATE: The IMF retracted its claim. ORIGINAL POST: The IMF has hugely upgraded its projection for the likely total costs of the bank bailout. In today’s Global Financial Stability Report the costs of financial stabilisation are put at a whopping 13.4 per cent of GDP, or £200bn. This brings the IMF in to line with…
Within a week in October 2008 the US and UK governments were forced to bailout their banks in order to save the economic system as the credit crunch began to bite.
Just over three weeks ago the Department of Health was saying that any pay award above three and a half per cent was unaffordable.
After a week in which their controversial plan to grow the economy had sparked a slump in sterling and a £65 billion Bank of England bailout, the Prime Minister and Chancellor faced the music today with one clear message: they’re sticking to their guns. Liz Truss – running the gauntlet of eight back-to-back local radio…