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Saturday 28 January 2023 Dublin: 6°C

# Eurozone

All time
Voices
Column: Who’s next in line to be consumed by the European crisis?
While other countries are showing signs of difficulty, it’s Spain’s deterioration which could bring the euro crisis to its most dangerous point, writes Tom McDonnell, who asks where Europe goes from here?
# Eurogroup
Updated: EU finance ministers agree to delay repayment of Irish bailout loans
All 27 EU finance ministers have now given a green light to extending the maturity of Ireland’s bailout loans by seven years.
# Bailout
Cyprus eases controls on stricken banks - but keeps €300 withdrawal limit
The restrictions were imposed to prevent a run on the banks during the dramatic Cyprus bailout.
# Bailout
EU and Eurozone finance ministers begin two-day summit in Dublin
Ministers will discuss extending the repayment dates of Ireland’s loans, and the aftermath of the Cyprus bailout catastrophe.
# Bailout
Troika recommends 'giving Ireland seven more years to repay loans'
Proposals seen by Reuters, to be put to ministers in Dublin this weekend, would see extra time given for Ireland and Portugal to repay.
Voices
Aaron McKenna: While the Eurozone is floundering, the US is seeing growth - but why?
The EU needs to either get on with integration, proper banking and political union or separate into amicable trading partners and neighbours, writes Aaron McKenna.
# Eurozone
ECB chief Draghi admits initial Cyprus bailout plan was 'not smart'
The head of the European Central Bank was speaking as the eurozone’s central bank left interest rates unchanged at 0.75 per cent today.
# Unemployment
Unemployed number in Eurozone highest since records here began
There is a total of 19.071 million people unemployed in the eurozone.
# Contraction
Irish economy starting to wilt again
Manufacturing indexes across Europe paint a stark picture this morning.
# Political Party
Declan Ganley says need for a new political party is 'obvious'
The Libertas founder has confirmed that he is considering establishing a new political party in Ireland.
# Cyprus
Bank of Cyprus customers could lose up to 60 per cent of savings
Senior Bank of Cyprus official Mario Skandalis confirmed the figures, although he said they had not been finalised and a final announcement was expected by Monday.
# Cyprus
Cyprus president: Crisis is 'contained' and we won't leave eurozone
Nicos Anastasiades has also thanked the Cypriot public for their “maturity and collectedness” as the banks reopened.
# Cyprus
With limits on cash withdrawals, Cypriot banks reopen calmly
The restrictions on withdrawals, cashing of cheques and taking money abroad will be lifted within a month, the country’s foreign minister said today.
# nicosia
Cypriot banks brace for reopening with cash withdrawals capped at €300
Armed security guards have been posted, but there was no sign of customers queuing early for access to their cash.
# Cyprus
Updated: All banks in Cyprus will now stay closed until Thursday
Earlier it had been reported that all banks, aside from the country’s two biggest financial institutions, would reopen tomorrow.
# Cyprus
Cyprus reaches last minute deal to avoid bankruptcy
A failure to reach a deal could have seen the country exit the Euro.
# Explainer
Explainer: Your 25-point crash course on what’s happening in Cyprus
Bailouts! Deposit levies! Leaving the euro? It’s all been happening in the last ten days.
# Cyprus
Noonan insists: 'We would never hit depositors in Ireland'
Speaking in Brussels ahead of crunch talks on a proposed bailout for Cyprus, Finance Minister Noonan said he expected to reach a deal but that it will be a long night.
# Cyprus
Eurozone finance ministers to meet in Brussels on Cyprus crisis
Ministers will hold a last-ditch meeting to decide whether Cyprus will get a bailout – or be forced to leave the euro.
# Cyprus
Merkel ally admits European authorities underestimated Cyprus 'mess'
Elmar Brok, the chair of the European Parliament’s Foreign Affairs Committee, has admitted he can foresee a situation where Cyprus could exit the single currency and said that authorities underestimated the current situation there.
# Cyprus
Cyprus president prepares for Brussels as parties debate 25pc deposit tax
The Troika are in Cyprus for intensive talks, while Nicos Anastasiades could yet lead a delegation to Brussels this afternoon.
# Cyprus
Eurogroup ready to discuss new Cyprus proposal
The group reaffirmed the importance of fully guaranteeing deposits below €100,000 in the EU.
# crisis
UPDATE: Cyprus to create ‘solidarity fund’
The country’s president said a decision must be made today. Meanwhile, the Finance Minister remains in Russia for negotiations.
# Cyprus
Cyprus president demands bailout decision on Thursday
Earlier today the European Commission said it is up to the Cypriot government now to present an alternative scenario for the bailout.
# Cyprus
Brussels: 'It's up to Cyprus to come up with a revised bailout deal'
The European Commission says there’s nothing else it can do if the Cypriot parliament won’t approve the bailout it offered.
# REJECTED!
Cyprus minister: Troika rejects our Plan B, and banks might never re-open
The interior minister says the Troika has rejected alternative options put forward by Cyprus for securing its €10 billion loan.
# Cyprus
Cyprus turns to Russia for help after MPs reject deposit tax
While President Nicos Anastasiades meets party leaders at home, the finance minister heads to Moscow with cap in hand.
# Bailout
Cyprus MPs overwhelmingly reject tax on deposits
Thirty six voted against it, while there were 19 abstentions.
# Debt Crisis
Cyprus to exempt small savers from deposit tax ahead of crucial vote
Accounts with balances under €20,000 will be exempted from a controversial levy if it is approved by MPs today.
# shamrock ceremony
Kenny speaks of Ireland's 'indomitable spirit' ahead of shamrock ceremony
Kenny said that the Irish people had accepted the “huge sacrifices we’ve asked of them”.
# Controversial
Cyprus postpones crucial vote on unpopular bailout until Tuesday
The president is trying to get parliamentarians to back the bailout deal that slaps a hugely unpopular levy on bank savings.
# Cyprus
Bank deposits hit as EU/IMF bailout for Cyprus agreed
Deposits in Cypriot banks will be hit with a one-off levy of 6.75 per cent with those with over €100,000 in banks hit with a 9.9 per cent levy under the €10 billion bailout proposal.
# European Union
Eurozone finance ministers consider Cyprus bailout
The meeting of finance ministers will follow day two of a summit by EU leaders which will focus on the Syrian crisis.
# Recession
Eurozone sinks further into recession in last quarter of 2012
Figures from Eurostat confirm initial estimates in February that the eurozone economy shrank by 0.6 per cent in Q4 of 2012 with the EU shrinking by 0.5 per cent.
# Unemployment
Over 26 million people unemployed across the EU
Meanwhile, eurozone unemployment hit a record 11.9 per cent in January with just under 19 million now out of work in the 17-member bloc.
# Sold
Sold: Government confirms sale of Irish Life for €1.3 billion
The government has finally sold off the life and pensions arm of Irish Life and Permanent which was split from Permanent TSB after it required a €4 billion bailout in 2011.
# Ouch
Eurozone economy shrinks by 0.6pc in last quarter of 2012
Uh-oh. A dramatic drop in the Eurozone economy spells bad news for hopes of a further boom in Irish exports.
# Italy
EU 'fears' Berlusconi's return to power: Monti
Italy’s outgoing Prime Minister has expressed fears over Silvio Berlusconi’s potential negative effect on the euro, should his party win this month’s election.
# Promissory notes
Gilmore: This is a critical time for discussion on promissory notes
The Tánaiste said that the future of the Irish government is a matter for the Irish government and the Irish people.
# Debt Crisis
Taoiseach in Brussels for European budget talks
He is joining the other three Presidents of the EU – Herman Van Rompuy, José Manuel Barroso and Martin Schulz.