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Thursday 2 February 2023 Dublin: 9°C


All time
# Burning Bondholders
Paying unguaranteed bondholders was unfair, admits former IMF chief
Speaking to the IMF, Ajai Chopra went on to say that eurozone partners had stopped Ireland from imposing haircuts on senior creditors.
Column: This “Ireland as a success story” rhetoric is based on empty spin
The Troika itself isn’t going anywhere. They will continue to dictate austerity for years to come, writes Paul Murphy.
# Bailout exit
That's all, folks: IMF praise Ireland, but lay out important challenges
The International Monetary Fund’s final review of Ireland’s bailout programme comes with several warnings, although says the we are seeing signs of recovery.
# Bailout exit
The quarterly reviews may be over, but the Troika aren't leaving just yet
The IMF, ECB and European Commission will still be carrying out six-monthly ‘visits’.
# Brace Yourself
Ministers have some good news, and they’ll be telling us about it all day
There’ll be a sustained eight-hour media assault by Cabinet members and State agency bosses today, as the Government marks the end of the bailout.
# Bailout exit
Joan Burton: We are still going to be heavily overseen by the Troika
The Minister for Social Protection has told it will not be “return to boom time instantly” when the EU/IMF programme ends later this month.
# credit line
Decision on credit line will make it ‘more difficult’ to access future supports
A report published by the Irish Fiscal Advisory Council today has warned that the changes in Budget 2014 have removed our “margin of safety”.
# Budget 2014
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.
# Bailout exit
Gilmore insists: Bailout exit without credit line was not for political reasons
The Tánaiste was speaking in London earlier today.
# the exit
Officials to work out Kenny-Merkel deal on loans for 'real Irish economy'
Michael Noonan’s stressing it’s a ‘bilateral’ agreement and “not a European strategy”.
# the exit
"Keeping a close watch": Troika will conduct six-monthly monitoring visits to Ireland
The president of the Eurogroup said there would be be ongoing twice-yearly checks, but stressed there would be “no measures, just surveillance”.
# Bailout exit
"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”.
# Bailout exit
5 reasons why the government decided to exit the bailout and go it alone
When the bailout ends, Ireland will not avail of a precautionary credit line, but why? Let us explain…
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.
# Bailout exit
Troika report card: 'Steadfast implementation' but watch for health and mortgages
Budget figures remain on track but “spending control must be maintained, in particular in the healthcare sector” say the EU, ECB and IMF.
# Well done everyone
Taoiseach: Credit for bailout exit goes to the people
“Today is historic in the sense that we’ve come through a very difficult period,” Enda Kenny said today.
# Bailout exit
The reviews are over but we may not leave for "a number of years" --- IMF Mission Chief
Ireland remains on track to exit the bailout following the final review, but the IMF says it has no immediate plans to withdraw its officials from Dublin.
# The Final Countdown
After 12 reviews and at least a few "discordant words," Noonan and Howlin bid farewell to the troika
The Finance Minister described it as a “red letter day” while Howlin said that after years of intensive discussion, the bailout officials had steadily become “friends of Ireland”.
# So Long
That's all folks: Troika wrap up their final visit to Ireland today
Ireland will become the first EU country to exit the bailout process on 15 December.
# Your Say
Poll: Should Ireland accept a post-bailout credit line, just in case?
The IMF have suggested that this kind of safety net is needed, although the Irish government is hesitant.
# Troika talks
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”.
# Bailout exit
Backbench TDs would welcome the Troika back... as long as they're on their holidays
“They are quite satisfied that their job is done here in Ireland,” one Fine Gael backbencher said after a meeting with the Troika this morning.
# credit line
Troika to make their last review visit to Dublin today
Ireland is due to exit the EU/IMF bailout programme this December.
# Shutdown
IMF boss warns US default could trigger worldwide recession
The US has until Thursday to raise its debt ceiling or face defaulting for the first time in its history.
Stephen Donnelly: The Troika targets can be met with no additional budget measures
But just because we don’t have to become more efficient, that doesn’t mean there aren’t some adjustments that we should make, writes the independent TD.
# Bailout
How much has Ireland paid Britain in interest on bailout loans?
Hint: Not enough to buy Gareth Bale.
# Budget 2014
Rabbitte: I believe adjustment will be lower than €3.1 billion
It’s expected the figure for Budget 2014 will be finalised at a Cabinet meeting on Tuesday.
Column: Do protests have any real impact?
Does protesting work? And could anything be achieved from protesting against another austerity Budget in October? Rory Hearne examines the influence of mass popular protest and mobilisation.
# loan
Cyprus gets €1.5bn from EU's emergency fund
The crisis-hit nation has now received half of the package it was pencilled to get from the ESM.
# Bailout
Ireland set to receive €770 million after passing eleventh IMF review
The IMF said that growth in the economy is encouraging, but unemployment and non-performing bank loans are worrying signs.
# Budget 2014
IMF want Ireland to 'continue track record' of budget cuts
The IMF’s Gerry Rice wants Ireland to keep pace with cuts but did not rule out a reduction to deal with the “drag on growth”.
# Recovery
OECD: Irish economy recovering but government must stick to targets
In a report today, the body said that out debt-to-GDP ratio is set to peak this year and decline thereafter.
# Your Say
Poll: Should the government ease up on austerity in this budget?
The Labour Party wants to see just €2 billion in cuts in the next budget but economists have said we must stick to the plan. What do you think?
# Satire
Ireland In The Bailout Years: 2013*
*The events of 2013 in Ireland, according to resident satirist in this special extract from spoof news site chronicling the fall of the Celtic Tiger.
# State Assets
Plan for sale of Bord Gáis Energy published by Government
It’s expected around a billion euro will be raised by the sale, with around half of the funds raised going to pay down bailout debt.
Carlton affair: Former IMF chief Strauss-Kahn to face pimping trial
Prosecutors called for the charges to be dropped but investigating magistrates have decided he should face trial.
# Budget 2014
Minister: No one wants to cut child benefit, but it can’t be ruled out
“Clearly no one wants to reduce child benefit, but there will be cuts and there will be adjustments,” Junior Finance Minister Brian Hayes has said of the social welfare budget this evening.
# News Fix
Here’s What Happened Today: Monday
Everyone’s talking about the Royal baby, a judgment against a government minister and tragedy on the roads and in the water.