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Monday 5 June 2023 Dublin: 10°C

# European Central Bank

All time
# Bailout
ECB borrowing by Irish banks at lowest level since September 2008
Having reached its peak immediately after the bailout November 2010, the share of the total ECB funding by banks is now 6.3 per cent.
# Euroleaks
Explainer: How Irish bailout documents keep getting leaked to the public... via Germany
Yet another batch of draft documents has made its way out via the Bundestag. Here’s the story of how it happens.
# Prime Numbers
Political donations, pregnancies and Love/Hate: The week in numbers
How many women in Ireland smoke? Were consumers panicked by Budget announcements? And how many people watched Darren die?
# Euroleaks
Plans to cut another 9,500 public jobs are 'too costly', says Troika
A leaked European Commission report raises questions over Brendan Howlin’s plans to further downsize the public sector.
# New Banknotes
The €5 note is getting a facelift in May
The new €5 banknote is the first in the new ‘Europa series’, featuring the image of the figure from Greek mythology.
# Promissory Note
Government will not pay €3.1bn promissory note for former Anglo Irish Bank in March - Rabbitte
The Minister says he is confident of winning over the European Central Bank on the matter before March.
# Eurozone
Mathew Elderfield issues warning over EU banking union
The Deputy Governor of the Central Bank of Ireland also said the concerns of the UK and other countries outside the eurozone should be addressed.
# Interview
Dublin Lord Mayor: "I have a professional disregard for the legal classes"
The Lord Mayor of Dublin, Councillor Naoise Ó Muirí, reflects on his first four months in the position, and why he feels it’s his duty to say what’s on his mind.
# Euro
Euro banknotes to be redesigned with image of Greek 'Europa'
The €5 note will be the first to get a facelift, with Europa’s face in the watermark and hologram.
# Cyprus
Cyprus close to deal on becoming fourth bailed-out Eurozone country
The finance minister of Cyprus says the last few difference on a Troika bailout are “bridgeable”.
# Bailout
Lenihan letters: What’s been released, and what hasn’t
The release of further documents this week help to shed further light on Ireland’s bailout. But what don’t we know?
# Bailout
In full: Brian Lenihan tells the ECB why Ireland needs a bailout
“There comes a point at which negative sentiment starts to feed on itself … we are clearly at that point.”
# Bailout
Released: Brian Lenihan’s letter where Ireland asks for a bailout
The Department of Finance has released the letter of November 21, 2010 where Brian Lenihan says: ‘We need help.’
# Bondholders
Noonan insists: No, the Troika DID demand that we repay the bank bondholders
After Stephen Donnelly reports the Troika shifted blame from themselves, Michael Noonan says: it’s Trichet’s fault.
# oh mein gott
Here's the exact transcript of Angela Merkel's comments in Brussels
“It will not be a retroactive direct capitalisation. If recapitalisation is possible, it will come for the future.”
# European Council
Merkel rules out backdated ESM help for bailing out Europe’s banks
The German chancellor tells a news conference there “will not be any retroactive direct recapitalisation”. That’s us told.
# Debt Crisis
Euro crisis based on 'design flaws' in monetary union, conference told
An economics conference in Galway is told the Eurozone’s debt crisis is based on a ‘deeply flawed institutional architecture’.
# Busted
Mario Draghi and his VP caught joking on mic
They won’t move the markets with their words, it seems.
# Eurozone
Portugal criticises tardy European Central Bank
The ECB “arrived late” to attend to the debt crisis in the eurozone, accuses Portuguese president Anibal Cavaco Silva.
# Interest Rates
ECB leaves main interest rate unchanged at 0.75 per cent
The benchmark interest rate has been left untouched by the European Central Bank.
# Europe
European-wide bank supervision plans ruled out by Sweden
Meanwhile, mass anti-austerity protests have filled central Madrid.
# IMF
IMF turns up heat on demands for Irish bank debt deal
The latest IMF quarterly review says having the ESM take a direct stake in Irish banks is the best way back to the markets.
# bank debt
Not essential to have bank debt deal by end of October - Honohan
The Central Bank governor Patrick Honohan has said that he is confident that the government will “get a lot” from its negotiations aimed at reducing the bank debt.
# ECB
ECB's bond-buying is not a breach of its rules - Merkel
But that’s not what her Central Bank thinks…
# ECB
ECB may buy Irish bonds at end of bailout programme
The European Central Bank’s new bond-purchasing programme will see the bank lend to countries coming out of bailout programmes.
# ECB
ECB leaves interest rates unchanged at 0.75 per cent
# IMF Report
Seventh IMF review releases nearly one billion euro to Ireland
The IMF’s seventh bailout review of Ireland is complete, and with it, the release of nearly €1 billion.
# Bailout
No plans to release ECB letters despite newspaper report
The Irish Times publishes details of letters the ECB sent to Brian Lenihan in the lead-up to Ireland seeking a bailout two years ago leading to more calls for the letters to published in full.
# Eurozone
ECB President says solution to crisis lies in balanced change
Mario Draghi said it should be agreed that it is not sustainable for countries to pursue national policies that can cause economic harm to others.
# Bailout
We asked for copies of the ECB’s letters to Brian Lenihan. Here’s what happened
With the letters back in the news today, we thought we’d publish the response to a request we made in April 2011.
# Your Say
Poll: Should ECB letters sent before the bailout be released?
Michael Noonan has been asked to publish letters which allegedly bullied Ireland into its bailout. Should he?
# Bailout
Will Noonan publish the ECB letter that forced Ireland into a bailout?
Fianna Fáil has called on Michael Noonan to publish Jean-Claude Trichet’s letter himself, after the minister said it should be released.
# Bailout
8 things to know about Ireland's latest EU-IMF documents
The Department of Finance has published the latest updates to Ireland’s memorandum of understanding this evening.
# Euro Crisis
Major French bank predicts next moves for Europe
Ahead of crunch talks between major country leaders and 6 September ECB meeting, Société Générale economist has some predictions: including possibly unlimited ECB bond-buying.
# Euro Crisis
Is the ECB about to uncork a game-changer?
A Euro-skeptic columnist at the Daily Telegraph insists that Der Spiegel is correct in saying the ECB wants to cap borrowing costs for Spain and Italy.
# Greece
Greek exit from eurozone would be 'manageable' says top ECB official
The comments from Joerg Asmussen come at the beginning of another crucial week for the single currency and troubled Greece.
# Eurozone
Honohan says ECB bond buying move is good for Ireland
Honohan welcomed a yesterday’s comments by ECB President Mario Draghi – saying that it marked an important step for Ireland and the rest of the Eurozone.
# ECB
Draghi: ‘The euro is irreversible – but it’s up to politicians to act’
The ECB president says his bank wants to save the euro, but it can’t exceed the boundaries of what it’s allowed to do.
# ECB
Spain's debt: will ECB start buying bonds again?
ECB set for crucial meeting today over eurozone debt crisis.
# Eurozone
Whatever it takes: Stocks rise as leaders make eurozone pledge
There is speculation that the eurozone bailout fund and the ECB could buy-up Spanish bonds in a bid to alleviate fears about the single currency.