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Some details of the spending cuts are emerging. A 10 per cent cut in social welfare payments, a €1 cut to the minimum wage, 28,000 public sector job cuts have all been concretely reported here in Dublin.
As Ireland negotiates terms of the multi-billion pound bailout, details of the government’s austerity measures emerge with welfare, jobs and minimum wage facing heavy cuts, writes Faisal Islam.
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.
Irish TV is calling it the biggest decision ever made by an Irish government, as the country goes cap in hand to Europe and the IMF for a bail-out, writes Faisal Islam.
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.
Our Economics Editor says today’s news from Ireland’s second biggest bank – AIB – has echoes of the situation in Britain before the recapitalisation two years ago.
As talks continue over a multi-billion euro bailout to save Ireland from financial fallout, Prof Andrew Clare writes that unless debt holders learn hard lessons the economic crisis will persist.
Ireland moves closer to accepting an EU-backed bailout worth tens of billions of euros to stabilise the economy, though the Irish government says an agreement has not yet been finalised.
Ireland locks horns with the IMF and EU experts to discuss plans for a possible bailout. Dr Peter Stafford writes for Channel 4 News about the missed Irish warning signs and the man who told them so.
I’ve just been talking to the Chancellor George Osborne at a briefing in Brussels after his lunch with fellow European finance ministers about the Irish debt question.
Britain could make bilateral loans to Ireland to prop up its economy – a move which would have been “unthinkable” until this week, as Faisal Islam writes.
After days of negotiation, Ireland has agreed to work with the European Union and the International Monetary Fund. It’s a process which could lead to the bail-out Ireland has so far resisted.
George Osborne tells Channel 4 News a healthy Irish economy is in “Britain’s national interest”, as he considers all the options to help the country out of its debt crisis, writes Faisal Islam.
Our Economics Editor says a German attempt to ensure that “financial fatcats” share the burden of dealing with credit excess has inadvertently made the Irish crisis even more toxic.
The Taoiseach Brian Cowen has again denied that he has asked the EU for help to solve the Irish financial crisis. But Faisal Islam says the pressure is still on Dublin to accept support.