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Wednesday 29 March 2023 Dublin: 10°C

# Default

All time
# what if
What would happen to us if Greece defaulted?
TheJournal.ie reporters have been quizzing those in the know to describe the potential fallout of a Greek debt default on Ireland’s economic, social and political scene…
# Explainer
Explainer: If Greece goes bust, who gets crushed?
Take a look at who is the most exposed when it comes to the possibility of a Greek default…
# Flagpalm
Facebook joke about EU commissioner’s flag gaffe ‘not an official remark’
A comment on the EC’s official Facebook page, saying Gunther Oettinger has “form in the foot in mouth department”, was a joke.
# Flagged
German commissioner insists he doesn’t support ‘half-mast’ idea
Gunther Oettinger says lowering the flags of “default sinners” is an idea already out there – and that he didn’t say he supports it.
# Deficit Sinners
Germany’s EU commissioner wants Irish flag flown at half-mast
Günther Oettinger wants the flags of ‘deficit sinner’ countries – including Ireland – to be at half-mast at all EU institutions.
# Interest Rates
ECB maintains 1.5 per cent rate amid Eurozone concerns
Spanish and Italian bond yields have eased slightly today on the 14-years highs they struck earlier.
# US Debt
US debt talks continue amid signs of optimism
Negotiations to raise the US debt ceiling continue at the White House as Tuesday’s default deadline looms closer.
# Debt Crisis
Republicans delay crucial vote as US creeps closer to default
John Boehner calls off a vote on a draft plan to cut the US deficit, amid fears that party members wouldn’t back it.
# Debt Ceiling
A bluffer's guide to... the US debt ceiling
Struggling to keep up with the political logjam in the US? Let us explain what’s going on – and why it matters to Ireland.
# United States
Republicans to press new vote on lifting US's debt ceiling
A bipartisan Congress prepares for yet more gridlock, as the clock ticks down on staving off a United States default.
# US Debt
Obama and Boehner spar over mounting US debt crisis
The US president has called for a “balanced approach” to the crisis, but the House Speaker says Obama cannot have a “blank cheque” for it.
# Greece
Greek debt rating cut as Moody's warns of default
The likelihood of a Greek debt default “is virtually 100 per cent”, according to the atings agency.
# US
"I've been left at the altar now a couple of times": Obama on US debt crisis talks
Debt deal appears no nearer to agreement as the 2 August default deadline looms…
# Your Say
Poll: Are you happy with the new Eurozone deal?
Ireland is set to save between €600-€800m on its loans – does this go far enough?
# Default
Austrian bank governor hints ECB may allow 'temporary Greek default'
Yields on two-year Greek bonds approach an astronomical 40 per cent as Ewald Nowotny speaks out.
# Europe
Bank tax on the way to save Greece?
Speculation is mounting on possible solutions to Greece’s – and Europe’s – debt crisis ahead of an emergency summit on Thursday.
# New low
Rock bottom? Greece gets the lowest credit rating in the world...again
Fitch has given Greece a CCC rating, following on from other credit rating agencies last month.
# Greece
Greece's second bailout is delayed - but payments will continue
A deal on a second bailout is deferred over disputes on how much help the private sector should have to offer.
# Athens
Gallery: Athens burns as riots seize the Greek capital
Over 100 people have been injured after another day of violence…
# Greece
Olli Rehn: There is no Plan B to avoid Greek default
EU Commissioner says Greece has to pass its austerity package because the future of Greece “and financial stability in Europe are at stake”.
# Plan B
EU leaders developing Plan B in case of Greek default
German finance minister says EU is preparing for the worst in case Greece fails to pass its austerity plan and can’t pay its bills next month.
# Daily Fix
The Daily Fix: Wednesday
In this evening’s wrap-up: UVF blamed in Belfast, AIB battered in Bulgaria, and a strange new use for your toenail clippings…
# Greece
Ireland faces €200m hit if Greek economy crumbles
Ireland’s banks will escape any fallout, but the State and private institutions will lose out if Greece goes to the wall.
# Greece
Crunch time for Greece as government faces confidence vote
The Greek government needs to pass new austerity measures if the next installment of its bailout is to be approved.
# Greece
Merkel and Sarkozy want new rescue package for Greece
France and Germany have reached an common ground on the issue of involving Greek bondholders.
# Default
Iceland’s finance minister: 'Ireland shouldn’t copy our formula for default'
Ireland and Greece can’t follow the recovery mode as Iceland did, finance minister Steingrimur Sigfusson insists.
# Greece
Embattled Greek PM to form new government
George Papandreou made the shock announcement after a day of violent street protests against austerity plans
# Greece
Tear gas fired at protesters in Greece as thousands march against austerity measures
Irish people living in Athens have told TheJournal.ie that violence is being caused by a small minority, and that life there has become very difficult.
# Credit Ratings
Greece's credit rating now the lowest in the world
Standard & Poor’s drops Greece another three notches and says any restructure will be considered a sovereign default.
# Daily Fix
The Daily Fix: Monday
All the day’s news, and the bits and pieces you may have missed…
# Default
AIB has defaulted: the official verdict of a global banking group
The International Swaps and Derivatives Association says AIB’s plans for burden-sharing are tantamount to a default.
Voices
Column: We must seize the day when Greece defaults, warns Nick Leeson
Economic crunch time for the Greeks will be a golden opportunity for Ireland, the former bond trader writes.
# United States
US to stop pension payments as national debt reaches $14.3 TRILLION legal limit
Timothy Geithner tells Congress that the US has reached its legal limit for debt – and he’ll need to take drastic action.
# Daily Fix
The Daily Fix: Thursday
In today’s Fix: Security threat ahead of Obama visit; Howlin talks tough on the bailout; Swift justice in the courts; school construction woes; what it’s like to default; and Jedward mania.
Voices
Column: What happened when MY country defaulted on its debts
Argentinian businessman Andres Blumenthal describes the panic and chaos that preceded the Argentinian default in 2002 – and the slow rebuilding of a country in its aftermath.
# Default Republic?
Anglo and Irish Nationwide may default if more cash needed – regulator
Financial Regulator Matthew Elderfield says the defunct lenders could burn bondholders if they end up needing more capital.
# Default Republic?
Property market continues to flag as house prices fall again
The average asking price for residential property fell by 3.1 per cent in the first quarter of 2011, according to Daft.ie.