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This means NAMA has reduced its indebtedness by over €5 billion since its establishment three years ago.
Pat Rabbitte has said Ireland won’t make the €3billion payment. But the real situation is much bleaker, writes Sarah McCabe.
It’s easy for spending to get out of hand at this time of year. Michael Culloty of MABS offers some tips to help rein it in.
Michael McGrath said he hears frequently of cases of suicide in which financial pressures were to the fore.
The agreement was made in a memorandum sent by Finance Minister Michael Noonan to the Troika.
The value of judgements against commercial debtros increased by 554 per cent to almost €293 million.
The Justice Minister has said that the personal insolvency bill will be enacted through both Oireachtas houses by 20 December and will become operative next year.
The failings of Government to take simple steps to help mortgage holders has caused further damage – and the Insolvency Bill is by no means our saviour, writes David Hall.
When asked what consumers will do with spare cash, half said they would use it to pay off debt.
According to the survey, 22 per cent of schools are breaking even, while 93 per cent receive a minor works grants for repairs.
This will be the third time in two weeks that finance ministers from across the EU will meet to deal with the the threat of bankruptcy for Greece.
Millions of workers across Europe rallied together today in strikes and rallies to protest against any further austerity measures.
Cyprus says it hopes to see a deal in December on new Basel III rules for regulating banks.
The move comes after two suicides by indebted homeowners in the country who were facing eviction.
Only two out of five of us will be able to get through Christmas just on our regular income – although credit card use is set to drop, according to Irish credit unions.
The CSO said savings were primarily used to pay down debt and fund property investment.
More than 80,000 people took part in the anti-austerity protest in Athens ahead of a crucial parliamentary vote on new spending cuts.
The two will have a lot to talk about.
Chairman of the agency Frank Daly said the former employee removed data from NAMA including loans acquired by the agency.
Brian Hayes said that outlining Ireland’s negotiating position in public would not be “very clever from the country’s perspective.
The auction was oversubscribed and the cost of borrowing remained at 0.7 per cent.
Demonstrators gathered outside Parliament after the Finance Minister announced his plans to introduce steep tax increases.
John Moran tells the Irish Bankers’ Federation that merely not calling in debts won’t cut it – they need to be removed totally.
Spain’s sovereign debt rating has been cut to just one level above “junk” grade debt – which could see Madrid’s borrowing costs skyrocketing to untenable levels.
Moody’s said that a ‘weakening in the political commitment’ among eurozone states towards the ESM would have negative implications.
Here are the things we learned, shared and loved today.
Roisin Shortall’s resignation dominated the news this week – which may be a relief for some in Government.
France unveiled the toughest package of tax rises and spending cuts ever seen in the country during an economic downturn.
Placing social welfare costs onto businesses is an additional burden on employers and will result in job losses writes Ian Martin.
Justice and Equality Minister Alan Shatter announced the appointment this afternoon.
The bankrupt former government minister and Newstalk presenter was heavily critical of the bank in a newspaper interview at the weekend.
Figures show there was in increase in the number of start-ups this year but the net loss was still 480 businesses.
The current system allows party leaders to pick and choose the list of candidates the electorate can vote for and guarantees a strong majority in parliament for the winning party.
New figures from the Central Bank illustrate the deepening mortgage crisis in Ireland with almost 130,000 in arrears.
Seamus Sherlock, ‘Life After Debt’ campaigner, said he feels like the bank is trying to ‘make an example’ of him.
The Celtic boss is hoping his club will receive £6M for the South Korean, but doesn’t expect to reinvest it.
Gold ducat loan taken out by King Philip in the 16th century would be worth €57.4 million in today’s gold prices – and that’s before interest.
ECB set for crucial meeting today over eurozone debt crisis.
Auditors from the EU, IMF and the European Central Bank are to stay in Greece until a credible reform programme is formed.