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Friday 3 February 2023 Dublin: 9°C

# Default

All time
# tax default
Dublin's famous Dr Quirkey's arcade has fallen foul of the taxman
The company behind the O’Connell St venue was on the latest Revenue tax defaulters list.
# end of the line
Here is the letter Enda Kenny sent to Alexis Tsipras last night
Greece is finally heading for a default on its IMF loans.
# Default
Greek banks could be just days away from running out of money
The European Central Bank is due to hold an emergency meeting this morning.
# Default In Their Stars
A landlord was made to pay €3 million to Revenue for not properly declaring tax
The largest settlement was for €3 million.
# We ain't kidding
'We need to stand up to Russia' - Barack Obama is talking tough at the G7 summit
The US president says sanctions against Vladimir Putin won’t change until a ceasefire is complied with in Ukraine.
# Buenos Angry
Argentina burns bondholders for the second time in 13 years
The country’s Finance Minister hit out at what he called “vulture funds”.
# RBS
Ulster Bank parent company 'forced small firms to default'
A report by the British government has alleged that Royal Bank of Scotland hit healthy businesses with charges and rates that forced them to close allowing bank to seize their assets at a lower price.
'Extortion not part of our democracy' - Obama on default threat
Yes, it’s the debt ceiling issue again.
# Mortgage Arrears
Noonan: Claim about strategic mortgage defaulters is 'wholly anecdotal'
The Finance Minister has dismissed a claim that as many as 35 per cent of mortgage arrears cases in Ireland are a result of strategic default where a borrower chooses not to pay their mortgage.
# need to know
The Evening Fix... now with added nuns on a plane
Here’s all the things we learned, loved and shared today.
Voices
Column: Will the young pay for the sins of the old under the promissory note deal?
The restructured debt obligation will give the Government fiscal space and breathing room. Whether this benefits the young depends on what they do with that time, writes Sam Brazys.
# Debt
Ireland still has 39% chance of defaulting, says Government's budget adviser
Professor John McHale, the chairman of the Irish Fiscal Advisory Council, said Ireland has made huge progress – but is not out of the woods yet.
# Repossession
Shatter said Troika deal will not increase repossessions
The Minister for Justice said the right for banks to repossess a home when a person defaults already exists in mortgage contracts.
# Repossession
Government agrees to close loophole preventing banks repossessing homes
The agreement was made in a memorandum sent by Finance Minister Michael Noonan to the Troika.
# Debt
Court registered judgements against debtors top €1 billion in 2012
The value of judgements against commercial debtros increased by 554 per cent to almost €293 million.
# Default
The 20 countries with the highest probability of default
Ireland has made the list – unsurprisingly – but where does it rank?
Voices
Column: The Irish default debate will be long – but we have to start it now
Economist Constantin Gurdgiev describes his work on a new book asking the question: What would happen if Ireland walked away from its debts?
# Scary table
The 10 countries most likely to default... and Ireland is sixth
Financial information services company Markit has produced a table detailing the 10 countries with the widest credit default swap spreads…
# Downgrade
S&P downgrades Greece into 'selective default' territory
The ratings agency demonstrates it can read, by officially acknowledging that Greece’s bond-swap is a ‘selective default’.
# Uh-Oh
Fitch: 'Highly likely' that Greece will default soon
The ratings agency has downgraded Greece just one day after EU leaders agreed on a €130 billion bailout deal for the country.
# Greece
Greek minister 'optimistic' about approval of second €130bn bailout
Arriving in Brussels, Evangelos Venizelos says Greece is “ready to conclude this long process” and secure more funding.
# Eurozone
Euro ministers to decide on Greece bailout
Days past the original deadline, eurozone finance ministers are to decide on the €130 billion rescue package today.
# Greece
Major riots in Athens as Greek parliament approves austerity deal
Fireballs light up the evening sky in the Greek capital as parliament approves new austerity measures to help secure a €130bn bailout.
# Greece
Greek PM warns of ‘economic and social catastrophe’ if MPs vote No
Lucas Papademos goes on TV to warn that the cost of a Greek default is far greater than that of a second bailout.
# Default
Greek government warns rebel MPs of "dangerous path" to default
MPs vote tomorrow on approving the government’s new austerity plans – but many have threatened to scupper it.
# Austerity
'Memorandum macht frei': how one Greek paper views the second bailout
The Greek daily Dimokratia isn’t best pleased with the EU-enforced austerity. Check out yesterday’s front page…
# Greece
EU withholds Greek bailout until new conditions are met
EU finance ministers are refusing to release the aid package despite a deal reached by Greece’s leaders yesterday.
# Eurozone
Greek leaders head to Brussels empty-handed
If Greece doesn’t secure a bailout loan by 15 February it may not have the money to pay a €14.5 billion bond on 20 March.
# Eurozone
Second bailout talks resume today as Greece tries to avoid bankruptcy
The leaders of the three coalition parties meet with the PM to agree on austerity measures so a €130bn bailout can be secured – and a default avoided.
# It never rains...
Greece may face full default after talks with bondholders falter
Talks between Greece and its bondholders have “paused for reflection” but may be on the verge of total collapse.
# Greece
Greek prime minister survives confidence vote
George Papandreou has made a pledge to step aside if necessary, and has called for a new coalition government.
# Greece
So what happens IF Greece leaves the euro?
A bank run, devaluation, civil disobedience – what exactly would be the effect of Greece pulling out of the eurozone?
# Eurozone crisis
Eurozone debt crisis: 9 key diary dates this month
Will this be the most important month for the 17 nations of the euro area?
# Greece
Greek government secures €2bn property tax ahead of EU-IMF showdown
The Troika are in town today, the day after massive protests greeted the passage of a new property tax through parliament.
# Austerity
Greek government announces new austerity measures
Cuts in pension and a reduction in the number of civil servants are among the new measures agreed upon to try and persuade international creditors that the Greek Government is serious about fiscal reform.
Voices
Column: Greek crisis might not be all bad for Ireland
Former trader Nick Leeson argues that while Greece would take a long time to recover from a default, it could have a number of outcomes for Irish fortunes…
# Greece
Ambitious Greece promises to turn budget surplus for 2012
The Greek government promises to spend less than it takes in in 2012 – but says it won’t repay interest on loans before that.