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Monday 11 December 2023 Dublin: 7°C

# Debt

All time
Think you're in debt? Try being an Irish hotel, they collectively owe €5.3bn
And it’s stopping them renovating.
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.
Ireland got 'stuffed' on banking debt - Martin Wolf
The Financial Times columnist says that the eurozone is being run for “the benefit of creditors”.
Opinion: Don't let the word 'bankruptcy' scare you, it is now a viable option
Bankruptcy is a recognition and embrace of failure. If properly understood people can emerge from it stronger than before, writes Ross Maguire SC.
Banning mobile phones and cigarettes - this MEP candidate wants a simpler way of life
“We are literally floating in a sea of radiation nowadays. It’s completely reckless.”
Are Irish businesses in better financial health than we thought?
Nearly one third of Irish SMEs carry no debt at all, with only seven per cent carrying debt higher than their turnover.
Bank of Ireland: no debt write-downs for small businesses
As with mortgages, it seems the bank is taking a hard line on debt forgiveness.
Ireland's household debt dropped by €2.4 billion in three months
New figures from the Central Bank show we’re paying down debt at the fastest rate since 2012.
Noonan says SME debt is being 'sorted out'
The Minister for Finance said SME debt is ‘far down’ the list of concerns in comparison to national debt.
66 per cent of hotels and restaurants at risk of collapse
The construction industry and retail sector are not doing too great either, according to credit-risk analysts.
Honohan "not happy" about mortgage sales to vulture funds
Central Bank governor says he told the Government of his concerns over protections for mortgage holders.
Stay the course on austerity, warns Honohan
Honohan warns that deviation from the current path would be “folly”.
Damien Kiberd: United States of Europe? Then show us the benefits
With the EU forcing us into a ‘devaluation for slow learners’, isn’t it time we look closer at what exactly the euro has done for us?
Richie Boucher defends €843,000 pay, says BOI is 'comfortable'
Bank of Ireland officials told the finance committee that they would veto any suggestion of debt write-down made by a Personal Insolvency Practitioner.
Booby-trapped car explodes outside bank in Athens
The explosion came as Greece prepared to return to bond markets. No one was injured in the incident.
AIB explains why its home repossessions tripled last year
The bank is currently engaged in 9,000 legal or potential legal cases with customers in mortgage arrears.
The government has sold thousands of mortgage owners 'down the river' - Donnelly
Independent TD Stephen Donnelly accused the government of failing to take the welfare of “tens of thousands of men, women and children” into account when selling mortgage loans to US hedge funds.
Up to one in five PTSB customers in mortgage arrears are not engaging with the bank
Officials from Permanent TSB told the Oireachtas finance committee that 85 per cent of customers offered a split-mortgage had agreed to the deal.
Just four mortgage deals have been completed by the Insolvency Service
66 people have been made bankrupt in 2014 so far, more than all of last year.
Sold: NTMA sells €1 billion worth of Irish government debt
The yield of 2.967% is less than was previously expected.
Column: There are fewer bankruptcies than expected so far this year. Why?
A stand-off between debtors and creditors has led to a slow down in formal insolvency arrangements, write Anthony Joyce and Karl Deeter.
A Greek bank is to issue bonds for the first time since 2009
Piraeus Bank SA requires more than €6 billion worth of capital.
Good news! Eurozone governments are paying off their debts
Eurostat says the decline in government debt is the first since 2007.
Mathews wants all the political parties to support his European Parliament bid
Ireland needs a “straight-talking team” of 11 MEPs to help negotiate a debt write down, the Independent TD believes, but he has not held talks with any of the parties about joining them or getting their support.
Carl Scarpa to exit examinership and save jobs but two stores will close
The Blanchardstown and Belfast stores will shut but 68 out of 80 at risk roles will remain.
Why the world’s saying ‘Ireland is back’
Following yesterday’s successful debt sale the world’s media is clamouring to say why we’re back in business.
Thousands asked for help from insolvency service in its first months
In the first three months of the ISI’s existence, it was inundated with calls and emails.
'Ireland wasn't a victim of the Euro, the Euro was a victim of Ireland's banks'- Barroso
The European Commission President didn’t mince his words last night.
Column: Our lack of willingness to promote transparency is damaging developing countries
Ireland cannot give with one hand to developing countries while facilitating tax avoidance at the same time, writes Morina O’Neill.
Half will borrow to pay for Christmas as younger people look to moneylenders
The 18-34 age bracket are the most likely to use a moneylender with 12 per cent say they will do so in 2013.
Column: The governments controlling the euro are no friends of Ireland
Isn’t it reasonable to ask why we are destroying ourselves to save a system that has failed us – and offers only further suffering into the future? The Ballyhea campaign group is highlighting Ireland’s debt injustice, writes Rory Hearne.
Four A|wear stores remain open following examiner appointment
Following the fashion chain entering receivership, stores in Blanchardstown, Dundrum, Grafton Street and Sligo are still trading.
New bankruptcy rules to be signed into law by Minister Shatter today
The new procedures reduce the term of bankruptcy in Ireland from 12 years to three.
Iceland to write €24,000 off every household mortgage
Despite international opposition, the Reykjavik government will press ahead with the debt relief plan.
Column: The pain of debt is not quick – it is a ceiling that lowers inch by crucifying inch
What is debt, and why do we all buy into this debt culture? Jillian Godsil discusses her own financial problems and the unsustainable status quo of modern Ireland.
Additional consumer protections for debt management firms published
The draft paper proposes debt management firms should provide more information to customers about the service they offer and their charges.
‘It’s odious debt’: Dáil to debate ‘burning the bondholders’ tonight and tomorrow
The government will almost certainly oppose the motion and ensure that it does not pass when a vote is held tomorrow night.
85 per cent in debt deals are families with children
In the first 20 deals, one quarter voluntarily handed the keys to their property over to the bank.
Nick Leeson: Positive talk sounds hollow in the corridors of power
Talking up the state of the economy got us into this mess in the first place – but things are not looking up for the average man and woman.