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.
Portugal has been thrown into political uncertainty after prime minister Socrates’ resignation, but economists warn the upheaval has implications for the wider EU – including the UK.
Fianna Fáil will bear the brunt of an angry Irish electorate, but is a Fine Gael government more of the same, asks Dr Peter Stafford, an economic and political analyst based in Dublin.
Despite Irish Prime Minister Brian Cowen surviving a leadership battle, he looks certain to lose the ballot when he faces the electorate later this year, writes Ireland expert Dr Peter Stafford.
Irish Prime Minister Brian Cowen has said that he will stay on as leader of the Fianna Fail party for the best interests of the country after calls for his resignation.
As the Irish PM Brian Cowen announces his intention to stay on as party leader, Irish expert Dr Peter Stafford sees echoes of both Gordon Brown and Margaret Thatcher in his decisions.
Exposure to Ireland’s crippled economy will force Lloyds Banking Group to write down more than £4bn of loans – a “not helpful, but not life-threatening” step, one analyst tells Channel 4 News.
The spending cuts in Ireland outlined by Finance Minister Brian Lenihan were “not a normal budget, but the environment in which it was delivered is not normal”, writes economist Dr Peter Stafford.
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.
More than 50,000 people have taken to the streets of Dublin to protest against the spending cuts and tax increases the Irish government is planning to introduce.
The euro plunges further as the debt crisis shows signs of spreading to Portugal and Spain, even after Ireland unveiled an austerity plan while negotiations on the country’s bailout continue.
The Irish government prepares to publish a 15bn euro plan for drastic savings amid financial crisis. Economics Editor Faisal Islam looks at what is at stake for Ireland’s political class.
Ireland’s premier Brian Cowen rules out rushing through emergency economic measures, as financial experts tell Channel 4 News that the Irish bailout could lead to more splits in the Eurozone.
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.