Here is the letter Enda Kenny sent to Alexis Tsipras last night
Greece is finally heading for a default on its IMF loans.
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Greece is finally heading for a default on its IMF loans.
The closure will create additional risks and be more costly, said the POA.
The health minister said the department would only close if it was there was capacity elsewhere in the system.
The investment service said the results of the stress test that will be undertaken by the ECB next year are “difficult to anticipate”.
The European Stability Mechanism has been downgraded by Moody’s, following a similar drop for France.
Proposals outlined this week could see the hospital’s structure broken up and aligned with Cork University Hospital.
Banks downgraded last night include one of the eurozone’s biggest – Banco Santander.
Moody’s downgraded Spanish debt to within one notch of ‘junk’ status yesterday.
The credit ratings agency has said that it has placed Cyprus’ rating on review for further possible downgrade.
Spanish banks are now discussing creating a private entity to assume control of their toxic assets though there would be no taxpayer involvement in such a creation.
Almost one quarter of the workforce is unemployed, according to the latest figures out today.
The nation has held onto its AAA rating but has been warned it could lose its top rating if cut-backs are eased.
The ratings agency demonstrates it can read, by officially acknowledging that Greece’s bond-swap is a ‘selective default’.
What downgrade? Italy flogs billions in 12-year bonds with interest rates falling dramatically on a similar bond last month.
France and the UK were both warned that they could lose their coveted AAA credit rating.
Fitch cut the ratings on four of Spain’s financial institutions – while S&P downgraded 15.
The EFSF sells six-month bills with an average interest rate of 0.2664 per cent – despite being downgraded yesterday.
Spain sees the interest rate for 12-month bonds fall significantly, while Belgium has mixed results in an auction of its own.
Standard & Poor’s downgrades the European Financial Stability Fund, meaning our future loans will probably cost us more.
After slowly winding down its programme of hoovering up eurozone debt, the ECB was called back into action in a big way.
It follows Standard & Poor’s downgrade of France and others on Friday.
The ratings agency said it doesn’t believe European leaders are doing enough to tackle the ongoing crisis.
The US-based credit rating agency has defended its decision after a sharp European backlash yesterday against its move to downgrade nine EU countries.
The European Commissioner for Economic and Monetary affairs has strongly criticised yesterday’s decision by Standard & Poor’s, saying that member states had been taking “decisive action in all fronts” to stem the debt crisis.
A French downgrade is bad news for us, too – because Europe’s bailout fund is also likely to be downgraded by S&P.
In tonight’s fix: Downgrades for France – and difficulty for us? Plus: yet more rows over septic tanks, victory for workers at La Senza, and every presentation you’ve ever seen…
2011 may be remembered in future as the year we sorted out the financial crisis – or the year in which it grew beyond our control.
Moody’s follows the lead of Standard & Poor’s, complaining about “the absence of measures to stabilise credit markets”.
The ratings agency says the ongoing euro crisis means the eurozone is a “fragile operating environment for European banks” at the moment.
European leaders are feeling the pressure today as Spain becomes the latest country to experience a credit rating downgrade.
Twelve banks in the UK and nine in Portugal have been downgraded after Moody’s reassessed the financial institutions’ support environment.
The agency said a “weakening” economy and fragile government were putting the country at risk.
Deven Sharma, the president of Standard & Poor’s, will step down within a month after facing criticism for lowering the US’s rating.
Fitch and Moody’s say they’ll be letting Standard & Poor’s go on a solo run – with two of the three agencies refusing to downgrade.
In the aftermath of the debt downgrade, people are wondering how S&P and the likes became so powerful. Here’s the answer.
The Securities and Exchange Commission is reportedly asking Standard & Poor’s to account for anyone who knew about the US downgrade.
The Dow Jones ends its day deep in the red, as the S&P loses 6.6 per cent and the NASDAQ sheds nearly 7 per cent of its value.
The US bond market responds brilliantly to the S&P downgrade, but the world’s stock markets are the obvious victims.