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Wednesday 22 March 2023 Dublin: 6°C

# Debt

All time
# Greek Debt
Gerry Adams: Enda and co are in bed with the elites and won't get out
The Sinn Féin leader was speaking at a demonstration to show solidarity with Syriza.
# Debt
Michael Noonan as he flies to Brussels: "Today I'm pessimistic"
The finance minister is going to Brussels for an emergency meeting on Greece tomorrow.
# New Deal
'Ireland will show solidarity with Greece'
Minister Simon Coveney said Ireland should be be aware of any deals struck with Greece and if they could apply to Ireland.
# Plan Ahead
Greece says no to bailout extension, but pledges to honour its debt
Greece aims to raise the minimum wage to €750 euros by 2016.
# State of the Nation
Why did the Dáil vote against a European debt conference?
Here’s everything you need to know about what’s happening in Irish politics right now…
# a new start
A European country is wiping out thousands of its citizens' debts. But it's not Greece
The write-off could be worth up to €273 million for 60,000 of the nation’s poorest citizens.
# Loadsamoney
Rolling in it - the richest counties in Ireland are...
Latest figures from the CSO highlight worrying levels of indebtedness in the east of the country…
# In the red
Irish people easily have the worst mortgage debts in the eurozone
CSO figures also revealed that young people are carrying too much debt.
# insolvency
Thinking of going bankrupt? It's a lot cheaper than it used to be...
The cost is now less than a fifth what it was two years ago.
# Hey Big Spender
Irish consumers had their best Christmas for seven years
New figures today also show an increase of 6.4% in retail sales over the course of the year.
# Going Like Hotcakes
Ireland sold bonds worth €4 billion today
A good day’s work, says the Finance Minister.
# Bankruptcy
Irish people in debt are still looking to the UK to fix their money problems
Only 311 insolvency applications have been approved to date in Ireland.
# Debt
Families turning to moneylenders charging up to 200% interest ahead of Christmas
The majority of loans taken out this time last year were to cover debts consumers already had.
# debt collectors
These photos of a Spanish woman being evicted are heartbreaking
A football team has offered to help the 85-year-old.
# Report Card
'The IMF did not sufficiently tailor its advice to countries during the crisis'
An IMF internal review finds that some European authorities thought it was “inappropriate” for the IMF to be seated at the negotiating table.
# budget 2015
Here are three Budget ideas that can solve a social problem, spur the economy, and save money
Dr Daragh McGreal has been crunching numbers and formulating policies for months. Here are a few of them…
# bond holders
Less than half of Irish bonds are held in the country
The nominal value of outstanding Government bonds now stands at €112,240 million.
# free at last
James Reilly offloads nursing home debt burden
A group of investors that includes the Minister for Children and Youth Affairs will clear the €1.9 million debt they were made to pay in a 2012 commercial court ruling.
# falling debt
SMEs dipping back into loans from 'bailed-out banks'
But total borrowings for small business are still headed south.
# This Charming Man
Michael Noonan's going on a European charm offensive worth hundreds of millions
The Minister is looking to seal a deal for early repayment of our IMF loans, which would bring down repayments considerably.
# borrower nor a lender
Irish aversion to debt is "most disappointing" aspect of recovery
Loan repayments were €437 million higher than new lending last month.
# Tackling debt
Life after debt: advice for heavily-burdened SMEs
ISME is to run a series of free advice sessions for struggling business owners.
# Looking Up
Ulster Bank is feeling good about the economy - and predicting 3.1% growth this year
The bank is predicting a broader based recovery, with jobs outside Dublin on the cards.
# budget 2015
If 13 cent of every €1 raised in taxes pays down debt what can be done to ease the burden?
In the run-up to Budget 2015, Dr Daragh McGreal looks at the issue of Ireland’s ‘unsustainable’ debt.
# Debt Hangover
Nearly half of SMEs with Celtic Tiger property debts are defaulting
Jobs in the SME sector could be threatened by bad property debts, according to the Central Bank.
# inbox me
The Briefcase: good numbers, burnt bondholders, and the ghosts of Irish banking
This was the week in business.
# It Gets Better
Government deficit drops to 5.6% of GDP
That’s down from 7.9% this time last year.
# Debt Problems
Insolvency service seals threefold increase in debt arrangements
Although coming off a low base, the insolvency service is happy to see growth.
Opinion: Reluctance to repossess homes just drags out the misery for those in serious debt
Politicians are bemoaning the fact that older people might now have to carry debt onto their pension books – but that’s the risk of re-mortgaging.
# Positive Negative
Sell your house, bring the negative equity with you - is the new AIB mortgage plan a good one?
The bank has launched a new product that will help people in negative equity move – but they’ll take the debt with them.
# Hard Times
O'Reilly fails to slow AIB's asset pursuit over €22 million debt
The one-time Heinz chairman has failed to slow down the banks pursuit of his assets.
Aaron McKenna: The opposition has missed the chance to expose the banking show trial
This ‘inquiry’ has no credibility whatsoever and a decent opposition would have resigned en masse in protest.
# Sold
NAMA completes largest ever loan transaction at €5.6bn
It consisted mostly of loans secured on assets in Northern Ireland.
Opinion: Is austerity really a necessity – or do we have a choice?
We’ve been told that we have no choice but to accept austerity measures to get the country back on its feet… but is that really true?
Opinion: Enda — don’t blow the recovery on a PR stunt
Giving tax cuts in the upcoming budget would be popular, but it’s not the right thing to do.
Opinion: How can we revitalise rural towns? Simple – take some of the risk out of doing business
The key to taking advantage of the bounce-back is to remove some of the fixed costs involved in starting up a business (or keeping one going).
# cashflow
Think you're in debt? Try being an Irish hotel, they collectively owe €5.3bn
And it’s stopping them renovating.
# rein it in
Criticisms of Irish healthcare overspend and unemployment levels in EU report
The European Commission has recommended that the government ensure that excessive debt is corrected in a sustainable manner by 2015 and beyond.
# Debt Hangover
Ireland got 'stuffed' on banking debt - Martin Wolf
The Financial Times columnist says that the eurozone is being run for “the benefit of creditors”.