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Friday 1 December 2023 Dublin: 3°C

# Eurozone

All time
Taoiseach admits his own deadline on bank debt deal will be missed
Enda Kenny’s comments came prior to those of the European Commission president Jose Manuel Barroso last week where he appeared to rule out any retrospective bank deal.
'Ireland wasn't a victim of the Euro, the Euro was a victim of Ireland's banks'- Barroso
The European Commission President didn’t mince his words last night.
The NTMA will play it safe and look to raise €6-10 billion on bond markets in 2014
The NTMA say that they will not “run out the door” to make a long-term bond sale.
Employment growth in Ireland outpaces the eurozone says EU stats office
EU figures show that employment grew by 1.1 per cent in Ireland between July and September, second only to Portugal.
Dijsselbloem: EU ministers are 'losing patience' with Greece
The Eurogroup President made the comments to a Greek newspaper ahead of the country’s draft budget announcement today.
"We fully support Ireland's decision" - EU finance ministers
After a meeting in Brussels this evening the Eurogroup also announced that Spain would would not be requesting any further assistance when it exit its banking bailout.
"The purpose of the programme was actually to exit the programme" - Noonan
The Finance Minster says that Ireland’s decision not to take a post-bailout credit line was because this was a “benign” time. The Troika say Ireland is in a “strong position”.
Europe's finance ministers discussing how best to deal with failing banks
Michael Noonan is joining his eurozone counterparts in Brussels later today.
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.
Sinn Féin on Troika meeting: 'We gave it to them hard and heavy'
Pearse Doherty said that officials from the Troika told Sinn Féin that the chances of retrospective bank recapitalisation are “very slim”.
Damien Kiberd: If Enda wants cash from his EU mates, he needs to stop ticking the boxes
Taoiseach Kenny wrote a letter to 26 EU heads about their 2012 “commitment” to give Ireland special treatment – but they don’t care for wimpish reminders.
Column: Europe needs a new approach to illegal immigration
Restoring fiscal health to the eurozone remains a serious challenge, but the EU must nevertheless find a solution to its illegal immigration crisis to prevent further tragedies, writes David Moloney.
Creation of Single Supervisory Mechanism for eurozone banks is approved
The new set of banking rules “will restore fair lending conditions across the EU,” said Barroso.
Slight rise in EU unemployment rate
The biggest increases in unemployment were in Greece and Cyprus. Ireland is seventh worst out of the 28 EU members.
Political crisis in Italy as Berlusconi's ministers resign
The five ministers stepped down yesterday after what’s been called a ‘crazy act’ of encouragement from the former leader.
ESM chief: Recouping of AIB, BoI costs "either difficult or impossible"
The Government had been hoping to unload the debt from the two bailed-out banks.
Column: What do the results of the German election mean for Ireland and Europe?
David Moloney breaks down the results of the 2013 German federal election, focusing on what kind of impact it will have on the wider eurozone economy – and, specifically, on Ireland’s corporation tax.
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.
Merkel: Ireland has made good progress, I'm grateful to Enda Kenny
Earlier the Tánaiste Eamon Gilmore said that the result of the German election was never going to impact on Ireland’s push for retrospective recapitalisation of its banks.
Good news for Ireland as Eurozone economy ‘stabilising’
New statistics from the European Commission show that recovery is underway.
Here Is What Happened Today: Wednesday
Everyone’s talking about the Leaving Certificate results, Ireland winning a gold medal in Moscow and Europe’s recession coming to an end.
NTMA to sell €500m of T-Bills this week
The National Treasury Management Agency (NTMA) will undertake the seventh Treasury Bill sale of 2013 on Thursday.
Greece readies itself for another general strike
Unions have called for a one-day national mobilisation against the axing re-deployment of thousands of civil servants.
IMF tells eurozone to fix the banks and sort out unemployment
The IMF has given four tasks for the eurozone to complete to ensure recovery.
Eurozone ministers to decide if Greece should get bailout money
Minister Michael Noonan is in Brussels today for the talks.
Food, alcohol and tobacco prices drive up cost of living
Inflation in the eurozone is expected to be 1.6 per cent for last month, up 0.2 per cent from May.
Over 26 million people in the EU were unemployed last month
Compared with May last year, the rate of unemployment has increased in 17 member states and fallen in ten.
Debt deals mean we're borrowing €20bn less in next decade - Noonan
The finance minister gives his formal tip-of-the-hat to the news that the two European bailout funds are delaying repayments.
Bank bondholders would be forced to take losses under Noonan plan
The Financial Times has obtained a proposal circulated by Noonan on how Eurozone banks should deal with problems in future.
Eurozone bailout fund gives Ireland seven more years to repay loans
Good news for Michael Noonan this morning…
EU finance ministers fail to agree on who should pay for bank bailouts
The 27 EU ministers will meet again Wednesday to try and finalise a decision.
Noonan: Taxpayers put lots of money into BOI and AIB, now we could get some back
Michael Noonan has explained the significance of last night’s agreement between eurozone finance ministers about the potential retrospective recapitalisation of Ireland’s banks.
Euro finance ministers agree direct help for banks
The 17 eurozone ministers are joined today by their 10 non-euro colleagues to discuss these issues in a Bank Recovery and Resolution Directive.
Noonan: Ireland will escape bailout, even if we can't recover bank costs
The finance minister says the world recognises that Ireland’s debts are sustainable, but he won’t give up on help.
EU faces talks on bank sector reform and who should pay for future bailouts
Finance ministers are also expected to formally approve a 7-year extension on Ireland’s and Portugal’s bailout loans.
Cost of living rises in the eurozone but not so much in Ireland
Comparing April and May figures, annual inflation rose in 16 member states, remained stable in six and fell in four.
Latvia gets the green light to join the euro next year
Latvia will become the second Baltic country, and the 18th overall, to join the EU’s single currency.
Oireachtas agenda: Abortion hearings, new grocery rules and leaving the euro
The third day of abortion hearings takes place today, while the Dáil debates calls for new rules on leaving the eurozone.
Aaron McKenna: Money, Money, Must Be Funny In A Eurocrat's World
Bailed-out Ireland is to contribute an additional €90 million to the European Union to help plug a shortfall in its 2013 budget. Ludicrous? Yes – but it’s hardly a blip on the radar of incongruity that is the EU’s funny money parade, writes Aaron McKenna.