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Saturday 4 February 2023 Dublin: 11°C


All time
# Hindsight
Not burning bondholders was 'significant flaw' of troika bailout: Central Bank boss
We did get stung a bit on the whole deal, Patrick Honohan says.
# Housing
The IMF is a fan of the Central Bank's mortgage rules
But it says that reform of the rental market is needed.
# cash money prizes
Here's €150 million that we WON'T be paying out next year
Take that… IMF interest payments.
Opinion: The Banking Inquiry will help put the final pieces of the jigsaw together
The banking inquiry’s first public hearings get under way today and questions remain about what happened six years ago.
# debt and taxes
The Universal Social Charge isn't going anywhere - Noonan
Michael Noonan says it’s here for the “foreseeable future”.
Opinion: Water protestors should claim victory and go home now
Good compromises exist when neither side gets all that they wanted, but something of what they needed.
# payback time
Ireland can offload a big chunk of its bailout debts early, thanks to Sweden
The government could have another €400m in the coffers each year now it has struck a deal.
# help us out
The Banking Inquiry has started contacting potential witnesses, but who?
Former ECB President Jean Claude Trichet has previously said that he will not appear before the committee.
# 1916 rising
Protester removed from 1916 event after she called Enda Kenny the C-word
The incident happened at the launch of the Government’s plans for commemorating the centenary of 1916 Rising.
# Report Card
'The IMF did not sufficiently tailor its advice to countries during the crisis'
An IMF internal review finds that some European authorities thought it was “inappropriate” for the IMF to be seated at the negotiating table.
# a good day's work
Here's how much the NTMA made from selling a bond today
There was over €8bn in bids, but how much did the Agency get?
# money fight
€2.1 billion: That's how much extra the government could have to play with now
Figure for early debt repayment was €1.5b last week, but what’s €600m between friends?
# the dealmaker
Mission Accomplished: Michael Noonan confirms the deal that will save Ireland €1.5 billion
The Minister for Finance is having a pretty good Saturday.
# This Charming Man
Michael Noonan has struck a deal that will save Ireland €1.5 billion
The Finance Minister has been in Milan urging EU colleagues to support his push for early repayment of IMF loans.
# budget 2015
Budget cuts could be "significantly less" says Noonan, but don't leap for joy just yet
The minster says cuts will have to be made, even if they are less than previously thought.
# This Charming Man
Michael Noonan's going on a European charm offensive worth hundreds of millions
The Minister is looking to seal a deal for early repayment of our IMF loans, which would bring down repayments considerably.
# Investigation
IMF chief Christine Lagarde charged in €400 million fraud case
Lagarde said that she will not resign her position and intends to return to work immediately.
# inbox me
The Briefcase: O'Flynn-v-Blackstone, ghost hotels and South African Sparring partners
This was the week in business
# Debt Burden
The IMF says we can pay back our loans early - but what does that mean?
Early repayment could save hundreds of millions every year – but could also be a political minefield.
# snip snip
IMF cuts 2014 global growth forecast
Russia was likely to see its economy brought to the brink of recession but the IMF has now slashed the country’s growth forecast.
# forecast
IMF: Politicians should take advantage of 'favourable' financial market conditions
The International Monetary Fund is to give its official global economic forecasts in two weeks.
# Tax Havens
Ireland second to Bermuda as 'conduit' for taxable income of US multinationals - IMF staff paper
Corporate tax avoidance is bad for the global economy, paper reports.
# Leadership Battle
Alex White says it's time to tell the IMF that 'enough is enough'
White says if he is elected the next leader of the Labour party there will be no more “adjustment” of €2 billion or anything close to it.
# inbox me
The briefcase: this was the week in business
Opening shots in the budget war, cuddly Ryanair, and everything in between…
# budget 2015
Michael Noonan will do 'whatever it takes' to reach deficit targets
The Minister for Finance ruled out a €2 billion adjustment in Budget 2015
# Support
The IMF is getting behind Joan Burton as the next Labour leader
The IMF describes Joan Burton as the leading candidate for the Labour leadership. No mention of Alex White, though.
# Card Marked
The IMF is back in town, and it's not mad on the Government's mortgage strategy
The first bailout review has urged caution on the strategy, which was announced in the run-in to elections last month.
# Seeya
'We're a normal country now': Brendan Howlin said goodbye to the IMF's man in Dublin today
“I met him to say goodbye to him, he’s leaving next week,” Brendan Howlin said today.
# trendsetters
Portugal follows Ireland's lead by going it alone as it leaves bailout
As the debt crisis deepened in 2010, it brought down Greece first, followed by Ireland and Portugal.
# Cash Strapped
Ukraine rescued by IMF bailout
The fund of up to €13 billion will avert bankruptcy amid Ukraine’s escalating standoff with Russia.
Greece could get more cash after Troika agree next step in bailout programme
Meanwhile, IMF chief Christine Lagarde denied any wrongdoing as she was questioned for the third time by French prosecutors in a corruption case.
Column: Music and austerity – how do we express the time we live in?
Toner Quinn examines Ireland’s musical response the economic crash and bank guarantee – an “act of betrayal so shocking … the country throbbed with pain”.
# in it to win it
'From Ballyhea to Brussels': Anti-bailout campaigner launches MEP bid
Diarmuid O’Flynn is calling for a debt write down for Ireland and the abolition of the euro.
New Ukraine leader warns that the country's economy is in a "catastrophic" state
The U.S., Europe and the U.K. said they would help with financial aid when a new cabinet is formed.
Column: The Troika may be gone, but Ireland's social problems remain
With the instability in the eurozone receding in recent months, we have seen the emergence of an important debate at European level: how to tackle the serious social impact of the recession, writes Dominic Hannigan TD.
# Spain
Welcome to the club: Spain exits its bailout... with 26% unemployment
The IMF has warned that the country faces five more years with high unemployment unless it enacts more reforms, including major wage cuts.
# Suicide Bombing
IMF and UN staff among dead in Kabul restaurant attack
A suicide bomber detonated his vest at the entrance to the Lebanese restaurant as two other militants opened fire on customers.
# Central Bank
Central Bank governor: The bailout programme did what it said on the tin
Honohan said, now that we have exited the programme, “the rest is up to us”.
# Back To The Future
The 30-year-old documents that unintentionally planned for Ireland's IMF bailout
“The increase…would also increase the amount of IMF credit potentially available to Ireland should circumstances ever arise…”
# News Fix
Here’s What Happened Today: Thursday
Everybody’s talking about goings-on at St Vincent’s Hospital, Luke ‘Ming’ Flanagan, and the IMF on the bondholders…