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.
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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.
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.
Ireland officially exits its strict bailout programme and re-enters money markets but the years of austerity budgets and unemployment are not over yet.
Ireland’s Central Bank revealed a £61bn black hole in its banking system today, as the government announced radical restructuring plans for the sector in a desperate attempt to calm nervous markets.
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.
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.
Why did Greece collapse and Ireland survive? First, because the Irish crisis was a banking crisis. And in Greece you can’t impose austerity and hope modernise at the same time.
Ireland’s seventh austerity budget set out 2.5bn euros of cuts and taxes, including cuts to benefits for under 25s. But our Austerity Kid in Dublin says many are just relieved it wasn’t worse.
As the banking crisis in Cyprus continues, what comes next? And what has happened to other EU countries that have been bailed out?
Eurozone finance ministers agree on a bailout for Cyprus, marking the fifth international rescue package in three years of the debt crisis.
Germany’s leading court rejects calls to block the establishment of a permanent fund to support indebted countries.
Anglo-Irish relations take an historic step forward as the Queen shakes hands with Sinn Fein’s Martin McGuinness in Belfast.