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#Debt Crisis

# debt-crisis - All time

Dáil approves Ireland's ratification of new Eurozone bailout fund
# ESM Treaty
# ESM Treaty

Dáil approves Ireland's ratification of new Eurozone bailout fund

Jun 20th 2012, 12:05 PM 2,652 Views 30 Comments

TDs vote by 114 to 22 to have Ireland participate, a move which will require €1.27bn in cash payments before 2014.

Explainer: Have Spain and Italy been 'bailed out'?
# Eurozone
# Eurozone

Explainer: Have Spain and Italy been 'bailed out'?

Jun 20th 2012, 8:55 AM 3,581 Views 23 Comments

Germany has reportedly relented and will allow the ESM to buy bonds directly, which could save Spain and Italy.

Brussels says report on Troika loan proposal is "simply not true"
# Deal Or No Deal?
# Deal Or No Deal?

Brussels says report on Troika loan proposal is "simply not true"

Jun 18th 2012, 4:05 PM 4,258 Views 55 Comments

The European Commission flatly denies an RTÉ report saying the Troika are considering extending the schedule for repayments.

Euro crisis: Spanish cost of borrowing hits 7pc as investors seek safety
# Yikes!
# Yikes!

Euro crisis: Spanish cost of borrowing hits 7pc as investors seek safety

Jun 18th 2012, 10:39 AM 2,138 Views 13 Comments

The costs had fallen after Greece’s election, but are back up this morning as the fear of contagion remains…

IMF releases €1.4bn of bailout money to Ireland, warns of slowing growth
# Bailout
# Bailout

IMF releases €1.4bn of bailout money to Ireland, warns of slowing growth

Jun 13th 2012, 10:28 PM 6,029 Views 56 Comments

So far so good according to the International Monetary Fund, one of our three bailout partners.

Downgraded: Moody's slashes Spain's credit rating
# Spain
# Spain

Downgraded: Moody's slashes Spain's credit rating

Jun 13th 2012, 10:01 PM 3,380 Views 22 Comments

The downgrade comes on foot of an agreement reached at the weekend to bailout Spain’s troubled banking system.

Even Germany's cost of borrowing is beginning to rise again
# Bond Markets
# Bond Markets

Even Germany's cost of borrowing is beginning to rise again

Jun 13th 2012, 10:40 AM 1,625 Views 11 Comments

Although Germany’s bond yields are still far lower than a year ago, it’s been rising sharply in the last few days…

No date for when country will 're-engineer' bank debt - Taoiseach
# Leaders' Questions
# Leaders' Questions

No date for when country will 're-engineer' bank debt - Taoiseach

Jun 12th 2012, 4:31 PM 2,767 Views 57 Comments

Enda Kenny said his government remained committed to negotiations to reduce Ireland’s banking debt.

Euro crisis: Spain's cost of borrowing rockets as Lagarde warns of 'race against time'
# Bond Markets
# Bond Markets

Euro crisis: Spain's cost of borrowing rockets as Lagarde warns of 'race against time'

Jun 12th 2012, 3:12 PM 3,636 Views 23 Comments

If you were lending cash to the Spanish government for 10 years, you’d get an annual interest rate of 6.76 per cent.

Report: EU preparing 'worst case scenario' measures if Greece quits euro
# Drachmail
# Drachmail

Report: EU preparing 'worst case scenario' measures if Greece quits euro

Jun 12th 2012, 10:44 AM 2,073 Views 19 Comments

Reuters says officials have discussed limits on ATM withdrawals, border checks and capital controls if Greece goes.

Rehn 'still hopes for Irish debt deal' - while Spain's bailout comes without budget rules
# Debt Crisis
# Debt Crisis

Rehn 'still hopes for Irish debt deal' - while Spain's bailout comes without budget rules

Jun 12th 2012, 8:08 AM 2,718 Views 58 Comments

The commissioner says he still wants to assist Ireland – and confirms Spain’s banking bailout won’t bring new fiscal conditions.

Good while it lasted: US stocks sink after Spain inspired rally fizzles
# The Markets
# The Markets

Good while it lasted: US stocks sink after Spain inspired rally fizzles

Jun 11th 2012, 9:21 PM 4,412 Views 21 Comments

Spain’s tough fiscal challenges and the upcoming elections in Greece have added to concerns about the eurozone.

German conditions on Spanish bank deal strike blow to Ireland's hopes
# Spanish Bailout
# Spanish Bailout

German conditions on Spanish bank deal strike blow to Ireland's hopes

Jun 11th 2012, 8:44 AM 3,292 Views 43 Comments

Germany ensured that Spain’s €100bn banking bailout would go through the government – meaning it counts towards national debt.

Spanish bailout is a win for Spain, says Prime Minister
# Spain
# Spain

Spanish bailout is a win for Spain, says Prime Minister

Jun 10th 2012, 2:39 PM 2,498 Views 24 Comments

Plus, the reaction from the Spanish press.

Obama to Europe: 'There are solutions to euro crisis'
# Economy
# Economy

Obama to Europe: 'There are solutions to euro crisis'

Jun 8th 2012, 8:58 PM 4,814 Views 19 Comments

The US president used a White House press conference to urge Greece to remain in the eurozone and have a pop at his country’s congress while he was at it.

Brussels and Berlin: 'No news' on potential Spanish request for bailout
# Debt Crisis
# Debt Crisis

Brussels and Berlin: 'No news' on potential Spanish request for bailout

Jun 8th 2012, 1:13 PM 1,876 Views 25 Comments

Both the European Commission and the German government say Spain has not made a formal application for EU funding.

Spain sees borrowing costs rise, while France's hit euro-era lows
# Two-tier Europe
# Two-tier Europe

Spain sees borrowing costs rise, while France's hit euro-era lows

Jun 7th 2012, 11:25 AM 2,030 Views 3 Comments

It’s a tale of two Europes as countries go to the bond markets this morning…

Estonian president takes to Twitter to bemoan New York Times' economic analysis
# Fight! Fight!
# Fight! Fight!

Estonian president takes to Twitter to bemoan New York Times' economic analysis

Jun 7th 2012, 9:37 AM 2,589 Views 6 Comments

The New York Times’ Paul Krugman played down Estonia’s economy. Toomas Hendrik Ilves wasn’t at all pleased.

EU set to unveil new plan to protect taxpayers from bank losses
# New Plan
# New Plan

EU set to unveil new plan to protect taxpayers from bank losses

Jun 6th 2012, 11:14 AM 1,490 Views 25 Comments

New proposals aim to ensure that losses are borne by shareholders and creditors.

Moody's downgrades six German and three Austrian banks
# Commerzbank
# Commerzbank

Moody's downgrades six German and three Austrian banks

Jun 6th 2012, 10:23 AM 1,455 Views 15 Comments

Moody’s says six major banks, including the country’s second-biggest Commerzbank, are at risk of eurozone turmoil.

Spain: We're being frozen out of markets, and we need help now
# Spanish Economy
# Spanish Economy

Spain: We're being frozen out of markets, and we need help now

Jun 6th 2012, 9:36 AM 2,573 Views 34 Comments

The Spanish treasury minister says Spain “doesn’t have the market door open”, at a time it needs cash to help its banks.

French minister blames US for creating eurozone's debt crisis
# Debt Crisis
# Debt Crisis

French minister blames US for creating eurozone's debt crisis

Jun 5th 2012, 1:05 PM 2,970 Views 25 Comments

France’s new foreign minister hits back at Barack Obama, saying: ‘Lehman Brothers was not a European bank.’

Not for turning: Germany says eurobonds are 'completely inappropriate'
# Eurobonds
# Eurobonds

Not for turning: Germany says eurobonds are 'completely inappropriate'

Jun 4th 2012, 3:48 PM 5,814 Views 99 Comments

A spokesman for Angela Merkel has reiterated the Chancellor’s opposition to the pooling of eurozone debt, an idea gaining growing support among other eurozone nations.

Portugal to pump €6.65 billion into three banks, passes bailout review
# Portugal
# Portugal

Portugal to pump €6.65 billion into three banks, passes bailout review

Jun 4th 2012, 12:13 PM 4,212 Views 15 Comments

One bank – BPI – has confirmed it is to receive €1.5 billion in capital injections.

George Soros: The eurozone crisis is all Merkel’s fault – and this is why
# Whodunnit?
# Whodunnit?

George Soros: The eurozone crisis is all Merkel’s fault – and this is why

Jun 3rd 2012, 2:23 PM 7,878 Views 38 Comments

One of the world’s wealthiest traders – and one of its most-respected philanthropists – has an interesting theory.

'We have to get a deal on our bank debt' - Tánaiste
# Bank Debt
# Bank Debt

'We have to get a deal on our bank debt' - Tánaiste

Jun 3rd 2012, 1:57 PM 4,592 Views 111 Comments

Following the passing of the Fiscal Compact treaty, Eamon Gilmore said that Ireland now needed to get a deal to lessen the burden on the Irish taxpayer.

Eurobonds will come sooner or later, reckons Mario Monti
# Eurobonds
# Eurobonds

Eurobonds will come sooner or later, reckons Mario Monti

Jun 3rd 2012, 11:11 AM 2,252 Views 15 Comments

A Europe divided: in the very same newspaper, Germany’s foreign minister Guido Westerwelle says they’re a no-go area.

Krugman: Ireland voted for a 'bad idea' - and euro could collapse in two years
# Debt Crisis
# Debt Crisis

Krugman: Ireland voted for a 'bad idea' - and euro could collapse in two years

Jun 2nd 2012, 12:03 PM 7,734 Views 100 Comments

The Nobel-winning economist isn’t impressed with Ireland’s vote – but reckons it could all be fairly meaningless anyway.

Swiss central bank chief: 'We’re making provisions for a euro break-up'
# Breakup
# Breakup

Swiss central bank chief: 'We’re making provisions for a euro break-up'

May 27th 2012, 2:57 PM 4,686 Views 39 Comments

Thomas Jordan says he’s not expecting the euro to collapse, but that Switzerland is getting ready, just in case…

Stocks open mixed as Europe summit disappoints
# Markets
# Markets

Stocks open mixed as Europe summit disappoints

May 24th 2012, 3:05 PM 1,301 Views 1 Comment

European markets are up – but only modestly – while the US markets tread water after an indecisive summit in Brussels.

Innovation? Controversy? What's on the table at today's meeting of EU leaders?
# Debt Crisis
# Debt Crisis

Innovation? Controversy? What's on the table at today's meeting of EU leaders?

May 23rd 2012, 9:00 AM 1,011 Views 18 Comments

Promoting jobs and growth along with balancing budgets will be on the agenda today.

Explainer: What are Eurobonds and why do they matter?
# Eurobonds
# Eurobonds

Explainer: What are Eurobonds and why do they matter?

May 21st 2012, 10:10 PM 5,727 Views 26 Comments

Your quick guide to current proposals for a commmon euro-area bond.

G-8 leaders to focus on European financial crisis
# G8
# G8

G-8 leaders to focus on European financial crisis

May 19th 2012, 10:21 AM 1,268 Views 14 Comments

Energy will also be on the agenda, as the world looks to the oil markets in advance of scheduled sanctions on Iranian oil exports.

Obama to meet Hollande before G8 summit
# G8 Summit
# G8 Summit

Obama to meet Hollande before G8 summit

May 18th 2012, 8:16 AM 745 Views 3 Comments

The new French president is set to visit the White House today.

Moody's in mass downgrade of 16 Spanish banks
# Debt Crisis
# Debt Crisis

Moody's in mass downgrade of 16 Spanish banks

May 18th 2012, 7:51 AM 1,281 Views 12 Comments

The ratings agency raised fears over the “creditworthiness” of the country and its ability to support its banks.

Eurozone GDP unchanged in the first quarter of 2012
# As You Were
# As You Were

Eurozone GDP unchanged in the first quarter of 2012

May 15th 2012, 11:17 AM 650 Views 2 Comments

Modest growth in the likes of Germany is offset by falls in other large countries like Italy; France is also perfectly flat.

Noonan urges Greek parties to form government and stay in the euro
# Greece
# Greece

Noonan urges Greek parties to form government and stay in the euro

May 14th 2012, 4:20 PM 1,981 Views 52 Comments

Attending a summit in Brussels, Michael Noonan says it is “very important that the eurozone stays intact”.

Going down: Markets fall across Europe as Spain sells off €2.9bn of bonds
# The Markets
# The Markets

Going down: Markets fall across Europe as Spain sells off €2.9bn of bonds

May 14th 2012, 1:16 PM 2,776 Views 16 Comments

Spain paid a higher interest rate on the short-term bonds as markets have reacted badly to the ongoing uncertainty in Greece and the wider eurozone.

Explainer: New elections? Euro exit? Just what is going on in Greece?
# Acropolis How
# Acropolis How

Explainer: New elections? Euro exit? Just what is going on in Greece?

May 12th 2012, 8:15 AM 3,342 Views 15 Comments

Political turmoil, soaring unemployment, falling markets, rubbish credit ratings. It’s all going off in Greece at the minute and not in a good way. But what’s going to happen next?

Honohan's call for direct recapitalisation of banks is '€64bn too late' - SF
# Banks
# Banks

Honohan's call for direct recapitalisation of banks is '€64bn too late' - SF

May 9th 2012, 8:26 AM 2,684 Views 55 Comments

Sinn Féin has welcomed a call from the governor of the Central Bank for distressed banks to be directly recapitalised from EU funds.