Portugal follows Ireland's lead by going it alone as it leaves bailout
As the debt crisis deepened in 2010, it brought down Greece first, followed by Ireland and Portugal.
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As the debt crisis deepened in 2010, it brought down Greece first, followed by Ireland and Portugal.
The Minister for Finance met with the head of the eurozone’s permanent bailout fund, Klaus Regling, who reiterated his own view that any retrospective deal is not likely at the moment.
Ireland’s push for a bank debt deal may also come up, but is not on the formal agenda for the meeting today.
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Promissory note gone, abortion legislated for, the Seanad retained, and the bailout exited – here are few key moments from the past 12 months.
Speaking to the IMF, Ajai Chopra went on to say that eurozone partners had stopped Ireland from imposing haircuts on senior creditors.
The ESRI are predicted strong GNP growth and unemployment falls next year, driven by improving domestic demand.
Launching a new economic strategy today, the Government says they want unemployment down to 10 per cent by 2016 and under 6 per cent by 2020.
In the speech broadcast on RTE One, the Fianna Fáil leader warned that Ireland is at risk of a two-tier recovery.
The Fianna Fáil Finance spokesperson says he wants more detail on the government’s plans to grow the economy.
The business group has predicted stronger growth than the Government, saying GDP could rise by as much as three per cent in 2014.
It was all about jobs, people and Ireland in the Taoiseach’s televised address to the nation.
In only the sixth State of the Nation address by a Taoiseach, Enda Kenny said the Government will work “might and main” to finish the job entrusted to it by the Irish people.
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There was an air of bullish enthusiasm around Government Buildings yesterday, with the themes of recovery and independence on every ministers lips.
The NTMA say that they will not “run out the door” to make a long-term bond sale.
The International Monetary Fund’s final review of Ireland’s bailout programme comes with several warnings, although says the we are seeing signs of recovery.
Brendan Howlin added that working families may feel the benefit of the bailout exit.
EU figures show that employment grew by 1.1 per cent in Ireland between July and September, second only to Portugal.
As Ireland exits the bailout, the Ministers Finance and Public Expenditure paid tribute to the Irish people, saying they had “used their voice in the polling booth”.
And how did it affect Ireland’s business environment?
The European Commission vice-president spoke last night about his initial shock at the scale of Ireland’s bank debt.
The IMF, ECB and European Commission will still be carrying out six-monthly ‘visits’.
There’ll be a sustained eight-hour media assault by Cabinet members and State agency bosses today, as the Government marks the end of the bailout.
The bailout exit has contributed to a bump in support for the coalition partners according to a new poll.
Ministers will sign-off on the government’s medium-term economic strategy which is expected to be published next week.
The address will be broadcast at 9.30pm on Sunday night on RTÉ One television.
Enda Kenny’s involvement in events marking Ireland’s bailout exit this weekend has not been finalised leading to suggestions he could do a ‘State of the Nation’ address.
The Irish Fiscal Advisory Council is before the Oireachtas Finance Committee today.
There are no details as yet on what the government plans but it will be relatively low-key on a day considered unlucky for some.
The Minister for Social Protection has told TheJournal.ie it will not be “return to boom time instantly” when the EU/IMF programme ends later this month.
Junior Minister Paschal Donohoe says that since we have now chosen to leave the bailout without a precautionary credit line, we must now keep borrowing rates low:
The Tánaiste was speaking in London earlier today.
Michael Noonan’s stressing it’s a ‘bilateral’ agreement and “not a European strategy”.
After a meeting in Brussels this evening the Eurogroup also announced that Spain would would not be requesting any further assistance when it exit its banking bailout.