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Saturday 25 March 2023 Dublin: 10°C

# Greek economy

All time
# Croke Park it Ain't
Greece forced to sack 15,500 public workers to keep EU funds
MPs have signed off on laws which enforce the first mandatory public layoffs in Greece for over a century.
# Prime Numbers
Transport, texts and telecommuting: The week in numbers
How many SMS messages are sent in Ireland every second? And how many times could Greece buy Sergio Aguero?
# Greece
Greek buy-back deal would wipe €20 billion off national debt
The deal will see some people get only a third of their money back – but others will get three times their investment.
# Bond Markets
Ireland's cost of borrowing falls to lowest since April 2010
Bond markets responded positively to Greece’s proposal to buy back its debts – and Ireland is benefiting.
# Greece
Greece asks creditors to sell their bonds back to the government
Athens will buy back its bonds, for between 30 and 40 per cent of their face value, in order to clear its debts.
# Greece
Greek parliament begins debate on latest €13.5bn austerity package
Parliament will spend the entire week debating the 2013 Budget, which will introduce another €13.5 billion in budget cuts.
# Greece
Junior partners in Greek government set to veto latest Troika demands
Left-leaning partners in the coalition are rejecting Troika demands to make it easier to sack workers.
# income
EU report says Irish homes hit second-hardest by economic slump
Disposable incomes in Irish households fell by more than in every other EU country between 2009 and 2011 – except for Greece.
# Crunchzeit
European leaders begin week of crucial meetings on Greece's future
The week began today with a meeting of Greece and Germany’s foreign ministers, which ended with stern words from Germany.
# Greece
Greek leaders agree on €11.5 billion of new cuts
Antonis Samaras has convinced his junior coalition partners to drop their objections to further austerity measures.
# Pulling The Plug?
IMF refuses to deny reports that it may cut Greek funding
Der Spiegel says the IMF wants out of Greece as soon as the ESM kicks in in September – and the IMF won’t deny it.
# Bond Markets
Spanish auction sees cost of short-term loans rocket... again
Spain sold off €3 billion in 12-month bills, but paid the price as investors continued to demand a high premium for their money.
# Be warned
This is what happens to Greece if it leaves the euro
Greece’s largest commercial bank has painted a picture… and it’s not pretty.
# Greece
Pro-bailout party retains narrow lead in Greek opinion polls
New Democracy is likely to get 23.4 per cent of the vote next month, with the anti-bailout Syriza on 22.1 per cent.
# Greece
Radical Left coalition to meet Socialists in last bid to form Greek government
If Alexis Tsipras and Evangelos Venizelos can’t agree a common platform, a second election will be almost certain.
# Greece
Radical Left coalition to begin attempts at forming Greek coalition
Alexis Tsipras will try to form a government after the largest party, New Democracy, said it would not be able to govern.
# Debt Crisis
Juncker hails "unique opportunity" as Greece gets new bailout funds
Eurozone members have agreed to release the first €39.4 billion of funds under Greece’s second bailout programme.
# Greece
Success for Greece as huge majority of investors agree to bond swap
The biggest sovereign bond swap in history will unltimately see 95.7 per cent of investors agree to write down their debts.
# In Numbers
Prime numbers: The week in stats
Debts, draw-downs, state assets and lunar rock – all of that, and more, in your weekly numerical wrap-up.
# Greece
Doubts remain over approval of Greece's second bailout
A meeting of eurozone finance ministers due today has been put back until Monday, due to concerns over “political assurances”.
# Hell-as
Greece’s budget deficit for 2012 is already €1bn bigger than expected
Greece expected its income for January to be 8.9 per cent higher than last year. It actually fell… by 7 per cent.
# It never rains...
Greece may face full default after talks with bondholders falter
Talks between Greece and its bondholders have “paused for reflection” but may be on the verge of total collapse.
# Daily Fix
The Daily Fix: Tuesday
In tonight’s Fix: Priory Hall residents ask Taoiseach to intervene, a reprieve for the Irishmen who fought Hitler, watch out for 125kmh winds, and more…
# Greece
Greece: If we can't finalise second bailout, we'll have to leave the euro
The Greek government warns that talks to finalise a default on some sovereign bonds have the euro’s future at stake.
# Review 2011
Recessions, downgrades and Super Mario - 2011: the year in money
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.
# Bond Auctions
Belgium, Spain and bailout fund perform better in bond auctions
There’s little respite for Greece, though, which is asked to pay a higher yield on an experimental auction of short-term bonds.
# Debt Crisis
Student study: Ireland could write off 85 per cent of its European debt
The pan-European ESCP business school says Ireland could get rid of €184bn in debts – by simply cancelling them out with others.
# Eurozone
EU leaders approve banking bailout plan, while Greek talks continue
Leaders agree to recapitalise weak banks by next summer, though it is reported that talks on Greek haircuts have hit a snag.
# Eurozone
Italian government - and Eurozone - on the brink over debt deal
Silvio Berlusconi’s coalition is divided on implementing reforms demanded by the EU, leading to the cancellation of some of tomorrow’s summits.
# The Daily Fix
The Daily Fix: Saturday
In tonight’s Fix: Seán Gallagher in pole position for the Áras, 2,000 march to Occupy Dame Street, was Muammar Gaddafi the richest man alive? Plus: the Rubik’s Cube world record…
# Debt Crisis
Greece to be hooked on bailouts for a decade, says Troika report
A document prepared for finance ministers, leaked to the press, says bondholders may be burnt to the tune of 60 per cent.
# Greece
Greece secures €8bn bailout loans - with a slap on the wrist
The Troika concludes a review mission to Athens – likely to approve new loans, but with damning words about economic reform.
# ECB
Trichet's last ECB meeting not likely to see cuts to rate
The ECB’s monthly meeting today is the latest before Jean-Claude Trichet hands over the reins at the European Central Bank.
# Debt Crisis
Greece's €8bn lifeline put on hold - but ministers still rule out default
Eurozone finance ministers have decided to delay a decision on Greece’s next €8bn loan package until later in the month.
# Debt Crisis
Ministers scramble to Luxembourg as Greece admits it will miss bailout targets
The shrinking Greek economy means the austerity drive will not be enough to ensure that the government deficit is within targets.
# Greek tragedy?
European markets open down following Germany's bailout vote
US markets finished in positive territory last night, but a European rally faded – while Asian markets were flat this morning.
# Greece
Greek government secures €2bn property tax ahead of EU-IMF showdown
The Troika are in town today, the day after massive protests greeted the passage of a new property tax through parliament.