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Joan Burton says questions about bank debt deal are now redundant
That historic 29 June 2012 ‘game changer’ is now a distant memory, it would seem.
Your contributions will help us continue to deliver the stories that are important to you
That historic 29 June 2012 ‘game changer’ is now a distant memory, it would seem.
Nine ministers have been replaced after objecting to the embattled country’s latest bailout.
Ireland is looking pretty ‘big-boned’…
Minister Simon Coveney said Ireland should be be aware of any deals struck with Greece and if they could apply to Ireland.
Ireland’s push for a bank debt deal may also come up, but is not on the formal agenda for the meeting today.
Under the new laws the period of bankruptcy will be reduced from 12 to three years.
The first debt settlement arrangement has been agreed today.
Taoiseach Kenny wrote a letter to 26 EU heads about their 2012 “commitment” to give Ireland special treatment – but they don’t care for wimpish reminders.
President Barack Obama signed the measure which will raise the debt ceiling and reopen the federal government late last night.
A formal agreement with the Irish Mortgage Holder’s Organisation ensures properties where no deal has been struck to sort out mortgage arrears will not be offered for auction.
The finance minister says the world recognises that Ireland’s debts are sustainable, but he won’t give up on help.
A debate on the promissory note arrangement saw sharp exchanges between the independent TD and the Finance Minister last night.
It was dramatic, chaotic, uncertain and very confusing as Ireland struck a deal to tear up the promissory notes and repay Anglo’s debts over a longer period. Here’s how it unfolded…
Let’s hope IBRC’s liquidation can ultimately be justified – because this type of rush-job smacks of the panicked decisions made in 2008, writes Sarah McCabe.
The government argues that swapping the €3.06 billion annual payments for long-term bonds is the best we could have got, but others argue we’re still paying the debt. What do you think?
Tánaiste Eamon Gilmore will address world leaders – including Angela Merkel – in Chile today as hopes for a deal on Ireland’s bank debt took a blow last night and the opposition criticised the government’s lack of openness.
Hélène Conway-Mouret, who lived in Ireland for 30 years, says that the actions of French president Francois Hollande have helped softened Germany’s view on Ireland’s legacy bank debt.
Enda Kenny has said his meeting with Angela Merkel today will not be about making a decision on a deal for Ireland’s legacy bank debt.
The government has continued to insist a deal on Ireland’s debt still stands despite comments from the German chancellor yesterday.
The Taoiseach conceded that he did not contact the leaders of Finland, the Netherlands and Germany after their finance ministers issued a statement on the bank debt deal.
Martin Schulz told the Dáil the public must have trust in European leaders – who therefore have to act on their promises.
The country’s three finance ministers issued a statement last night stating that the EU rescue fund would only deal with future problems.
The things we learned, loved and shared today…
The future of the euro crisis lies in the hands of small groups of politicians abroad, writes Eamon Ryan. Let’s hope our own leaders recognise this.
European ministers have also rubber-stamped an initial €30billion bailout for Spain.
It’s not yet clear how much of the €120billion ‘growth pact’ will come to Ireland, Alan Shatter has said.
The justice minister rejected suggestions that comments from Berlin were a rebuff to Irish hopes of a debt reduction.
Meanwhile, Olli Rehn dashes any hopes of avoiding paying the €3.1 bn promissory note due on 31 March.
“All over the place” is how Michael McGrath described Fine Gael and Labour’s handling of the Anglo debt negotiations.
The Finance Minister has confirmed negotiations are underway on a major restructuring of Ireland’s banking debts.
The Department of Finance however said it is too early to speculate on the outcome of ongoing discussions.
Tánaiste Eamon Gilmore also said it is “too early” to make a call about whether a referendum will be necessary on the EU budget deal.
Investors react to news that Greece intends to hold a referendum on its latest bailout agreement, despite the unpopularity of the deal.
China was less than kind about the US’s recent downgrading by Standard & Poor’s.