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#Credit Crunch

# credit-crunch - Saturday 14 January, 2017

Ratings agency Moody's to pay €812 million fine in reparation for the mortgage crisis

The US Financial Crisis Inquiry Commission has said that the credit crash “could not have happened without the rating agencies”.

# credit-crunch - Wednesday 23 July, 2014

Berehaven Credit Union to be liquidated after 'poor governance and lending practices'

The Central Bank says problems at Berehaven resulted in “serious financial difficulties”.

# credit-crunch - Thursday 24 April, 2014

Too much debt and not enough houses: Ireland's creditless recovery is here to stay

We’re too focused on paying down our existing debt burden to consider new lending, says a new report.

# credit-crunch - Friday 28 June, 2013

Japanese minister: 'Our banks escaped crisis because we can't speak English'

Taro Aso says banks didn’t buy complex financial instruments because they couldn’t understand the English descriptions.

# credit-crunch - Tuesday 13 November, 2012

What have the words GIF and omnishambles got in common?

They’ve both been picked as words of the year by Oxford University Press, that’s what.

# credit-crunch - Monday 16 July, 2012

Even the amount of counterfeit euro notes is falling

When times are tough, even the people printing fake euros won’t keep up the liquidity supply.

# credit-crunch - Wednesday 15 February, 2012

Eurozone economy shrinks for first time since 2009

Data published by the EU’s statistics body shows that the European economy shrank by 0.3 per cent in Q4 of 2011.

# credit-crunch - Monday 16 January, 2012

Back with a bang: ECB bought €3.77 billion of bonds last week

After slowly winding down its programme of hoovering up eurozone debt, the ECB was called back into action in a big way.

# credit-crunch - Wednesday 4 January, 2012

European banks borrow from ECB - and then lodge the cash with the ECB again

Overnight deposits at the ECB jumped by €65bn on Monday – potentially undermining ECB efforts to get money moving again.

# credit-crunch - Thursday 1 December, 2011

Markets regain confidence after world banks' move

Asian stocks and shares rose overnight, in a sign that markets are welcoming yesterdays intervention by six central banks.

# credit-crunch - Saturday 10 September, 2011

Hard times: Sales in Dáil bars fell during 2009

Just as the economy began to bite, sales in the Dáil bar fell by just under 10 per cent. Not much Bass sold either…

# credit-crunch - Monday 22 August, 2011

US Fed gave Irish banks €8bn in emergency loans

Data compiled by Bloomberg shows that Ireland’s banks got emergency loans from the US while being capitalised back home.

# credit-crunch - Sunday 21 August, 2011

Gender pay gap got wider during downturn - official report

New data from the Central Statistics Office show that the gap between pay for men and women widened in 2009.

# credit-crunch - Monday 23 May, 2011

Loan approval rates nearly halved in three years - CSO

90 per cent of all business loan applications were approved in 2007, but only 50 per cent were given the thumbs-up by 2010.

# credit-crunch - Thursday 28 April, 2011

Jobs at the IFSC on the up after a three year slump

Good news on the jobs front as the numbers employed in Dublin financial centre creep back towards a 2007 peak.