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Saturday 3 June 2023 Dublin: 11°C

# Greek economy

All time
# Euro Crisis
Obama: Euro crisis is 'scaring the world'
The US president says European leaders have not been acting quickly enough to solve the crisis – and that the world is suffering.
# Greece
Greece 'near deal' with troika - but may withdraw from Euro
Discussions with the EU and IMF are nearing a conclusion – but reports say the government wants a referendum on Euro membership.
# Greece
Ambitious Greece promises to turn budget surplus for 2012
The Greek government promises to spend less than it takes in in 2012 – but says it won’t repay interest on loans before that.
# Markets
Markets enter panic mode as fears grow over Greek default
Rumours that Greece may still default have sent markets into a nosedive, as the Euro falls and the cost of borrowing rises.
# Eurozone
Eurozone not destined for a double-dip - Barroso
The head of the European Commission insists that the bloc will continue to grow, albeit at a rate slower than first hoped.
# Eurozone
European in-fighting may still scupper Greece's second bailout
Athens and Helsinki have struck a deal where Finland gets collateral for its second batch of loans. Now others want similar deals.
# Eurozone
Bond yields dive, and Euro up, as markets embrace Brussels deal
The cost of borrowing for Europe’s strugglers is falling this morning, after leaders struck deals on gentler bailouts.
# Bailout
Irish bailout rate 'cut to under 4 per cent' by draft agreement - report
RTÉ says a draft agreement being considered in Brussels would slash our interest rate and extend our repayments.
# Greece
Greece's second bailout is delayed - but payments will continue
A deal on a second bailout is deferred over disputes on how much help the private sector should have to offer.
# Daily Fix
The Daily Fix: Wednesday
In this evening’s wrap-up: UVF blamed in Belfast, AIB battered in Bulgaria, and a strange new use for your toenail clippings…
# Greece
Ireland faces €200m hit if Greek economy crumbles
Ireland’s banks will escape any fallout, but the State and private institutions will lose out if Greece goes to the wall.
# Default
Iceland’s finance minister: 'Ireland shouldn’t copy our formula for default'
Ireland and Greece can’t follow the recovery mode as Iceland did, finance minister Steingrimur Sigfusson insists.
# Credit Ratings
Greece's credit rating now the lowest in the world
Standard & Poor’s drops Greece another three notches and says any restructure will be considered a sovereign default.
# Eurozone
Germany's new stance: Greek bondholders must share burden, and we want collateral for new loans
Wolfgang Schäuble says Greece’s bondholders will have to suffer the pain – what chance of the same tactic for Ireland?
# The Daily Fix
The Daily Fix: Thursday
All the day’s news, and the bits and pieces you may have missed…
# Greek economy
IMF 'may delay Greek bailout loans' over political opposition to cutbacks
The Greek opposition have refused to sanction new austerity moves – and now the IMF is threatening to hold up on payments.
# Bailout 2?
UCD's Karl Whelan: Ireland faces needing a SECOND bailout
The current market conditions won’t allow Ireland to borrow through normal means by next year – leaving us in the lurch.
# Bailout
Portuguese bailout deal due 'in days' - while Greece seeks extension
A preliminary agreement on emergency lending to Portugal’s caretaker government is due in days, an EU official says.
# Bailout
Rehn asks Germany for flexibility on Ireland's bailout rate
As the Programme for Government agrees to seek a lower interest rate, Europe asks the main economies to look kindly.
# Bailout Republic?
Bailout: €50bn for banks, and €50bn more for state
Insiders tell the foreign press that the bailout being considered for the banks is €50bn, with more for the state if needed.
# Ni-hao's it going?
Could China be stepping in to buy Irish bonds?
China bought Greek debt at the time of the bailout, and hints it’s been buying Portugal. Could Ireland be next?
# Bond Markets
Uh-oh: two days after reining in, bond yields explode again
The cost of government ten-year borrowing was under 6% on Tuesday. Today it closed above 6.5% again.