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Monday 29 May 2023 Dublin: 9°C

# European Central Bank

All time
# bottom of the pile
These figures show Irish people lost more than anyone in the financial crisis
But it has been a good few years to be Dutch, Belgian or Danish.
# Open for Business
Greek banks reopen as citizens face massive price hikes
Greeks will be able to withdraw up to €420 at once per week.
It’s time to let Greece – and the euro – go
The Greek problem will never be solved within the eurozone. It’s time to let them leave the euro, default on their loans, and try to rebuild from there with the drachma.
What's the issue with Greece's pension system?
The main bone of contention in negotiations between Greece and its creditors has been how to resolve the pension system. But why is it such a huge issue?
# Analysis
Closed banks, capital controls and a referendum... What next for Greece?
And what will it mean for Ireland if Greeks take the nuclear option?
# all together now
Greece says its debt crisis is a 'common European problem'
The country made its latest loan repayment today – but more trouble lies ahead.
# frankfurt's way
People are so mad about the ECB's new headquarters they're burning cars in Germany
Two police officers have also been injured ahead of a massive rally to coincide with the opening of the €1.3 billion skyscraper.
# crunch talks
Euro takes a wallop as ECB plays hardball with Greece
The central bank will no longer accept Greek debt as collateral for loans.
# Crunch time
Greece is facing three massive tests for its debt plans today
It’s going to be a big day for the country’s new leaders.
# emergency cash
The ECB is threatening Greece the same way it did Ireland before the bailout
It’s threatening to end emergency funding if the Greeks don’t play ball.
# the pressure's on
Can the ECB be forced to come to Dublin for the banking inquiry?
Matt Carty of Sinn Fein said he hopes the goverment will be “robust” in making sure the ECB does take part.
# Banking Inquiry
The ECB has more or less said: 'We're not going to Dublin, you can forget about it'
The banking inquiry’s public hearings will begin the week after next – but it looks like the ECB won’t be there.
# Transparency
The ECB is going to let you in on why they're slashing interest rates
Those on tracker loans will hear the decision-making process of the ECB’s record-low interest rates.
# help us out
The Banking Inquiry has started contacting potential witnesses, but who?
Former ECB President Jean Claude Trichet has previously said that he will not appear before the committee.
# Single Supervisory Mechanism
Ireland's biggest banks are getting a new regulator today and here's how it's going to work
Fine Gael MEP Brian Hayes explains the detail of the new pan-eurozone Single Supervisory Mechanism.
# Third Secret of Fatima
Here's when we'll find out if that infamous Trichet-Lenihan letter will be released
The ECB’s governing council will consider releasing the letter at its meeting next week
# Voting Rights
"Second class Euro membership": Ireland could lose automatic right to ECB vote
Under the new system, for one month every year Ireland will not be able to vote.
# kablamo
Is this the big bazooka? - €400 billion funding package announced by Draghi
SME and non-financial corporate lending is the main target of today’s package of measures, with the ECB also cutting inflation expectations.
# uncharted territory
ECB announces negative rate in bid to fight deflation
The rate at which the European Central Bank pays commercial banks for depositing their unused cash has been reduced from zero per cent to minus 0.10 per cent.
# Super Mario
Mario has a bonus for tracker mortgage holders next month
Frankfurt looks set to deliver a long-awaited interest rate cut next month.
# not my problem
Trichet: I won't appear before banking inquiry - it's not my responsibility
The former head of the ECB also said the Irish government made a decision on the bank guarantee without any consultation with the bank or other countries.
# Transactions
European Bank Holiday leaves employees without wages despite early warnings
No interbank transaction can take place across the EU today.
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?
Here's the letter the European Central Bank president wrote to a Fianna Fáil TD
Responding to queries from the finance spokesperson, Draghi said that ‘the viability of nationalised banks’ needs to be addressed.
# Life Support
Bank borrowing from ECB at lowest level since guarantee
Health of Irish system appears to be on the up as calls for support from Frankfurt slide
# Explainer
Feeling stressed? Banking tests on the horizon - but what do they mean?
A major review of Irish and European banks is due in the Autumn, and could have serious political and financial consequences.
# Let's talk
Noonan: The Central Bank and Morgan Kelly should ‘have a conversation’
The Finance Minister has said that the Central Bank has “primary responsibility” regarding SME loans.
# Super Mario
Steady as she goes: ECB holds interest rate at record low of 0.25 per cent
Good news for those on tracker mortgages today as records remain at a record low.
# Bondholders
‘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.
Column: The real problem to our economic crisis? The eurozone itself is deeply flawed.
Our shared currency system is not just preventing our ability to recover but is at the root of inevitable further looming crises, writes Mike Hall.
# Super Mario
All-time low: ECB cuts its main interest in boost to tracker mortgage holders
ECB president Mario Draghi has cut the rate for the fifth time in two years.
# Let's talk
When Michael met Mario: Noonan in Frankfurt for bailout exit talks with ECB chief
Michael Noonan meets Mario Draghi for discussions on how Ireland will exit its international bailout programme on 15 December.
# Eurozone
ECB chief says tracker mortgage rates to remain low
Mario Draghi says that the Eurozone is recovering, slowly, but had good news for holders of tracker mortgages.
# Recovery
ECB holds rates steady but remains 'cautious' about recovery
Yesterday, Mario Draghi said the ECB is alert to geopolitical risks that may come out of the Syrian situation and said that the caution expressed about recovery was warranted.
# Borrowing
Irish banks becoming less reliant on ECB
Our share of ECB funding is now just 5.4 per cent compared to 26.5 per cent immediately after the bailout in November 2010.
Column: The flaw at the heart of the EU? Not prioritising unemployment
The European Union has a single guiding principle: keep inflation down. But that view is far too narrow at a time when the bloc is undergoing an appalling unemployment crisis, writes Tiernan Brady.
# Latvia
Just like us: Latvia will be using the euro from 1 January next year
The decision was confirmed by the European Council yesterday and will give the Baltic state six months to prepare for the changeover.
# Bailout
Troika in town for review... just one more to go
The trio of the IMF, ECB and the European Commission return as Ireland’s bond yields continue steady fall.
# Water Charges
Confirmed: Troika agrees to delay water charges until 2015
The EU and IMF have agreed to a request from the Irish authorities to delay the first bills from early 2014 to early 2015.