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There were five things worth noting from today’s press conference with Brendan Howlin and Michael Noonan. Here they are.
The Finance Minister Michael Noonan said that emigration in most young people’s cases is being driven by “a desire to see another part of the world and live there.”
It comes amid growing talk that Ireland will need a second bailout. One economist did not rule out such a possibility this morning.
There has been much talk of sales of State assets as part of the IMF/EU bailout deal but is Aer Lingus one we should hold on to?
Cheap money, essential reforms, and a route away from gombeenism? A second bailout would have immense benefits for Ireland, argues NAMAwinelake.
Joan Burton said she hoped the Troika could comeback to Ireland on their holidays after the bailout programme is completed.
“We live in a tough, competitive world – nobody owes us a living,” Junior Minister Brian Hayes said in a strongly-worded speech delivered this evening.
While it continues preliminary talks on an EU-IMF bailout, the EU has also threatened legal action over Hungary’s new laws.
The Minister for Finance was responding to the suggestion from a Citigroup economist who said that Ireland should have a second bailout deal on standby.
Ireland’s first bailout is performing well, says a spokesman for Olli Rehn – so it’s “not particularly useful” to discuss a second one.
Tony Foley said only borrowing more billions from the EFSF would save Ireland from paying punitive interest rates on financial markets.
The EU/IMF officials are expected to focus on unemployment, negative growth, and eurozone recession fears.
Socialist Clare Daly and independent Thomas Pringle both say they will neither register for, nor pay, the new household charge.
Katherine Zappone has questioned ‘external pressure’ on the Government’s choice of cuts while Jillian van Turnhout says it was not a child-friendly document.
Independent Senator Katherine Zappone argues that the Government succumbed to external pressure to put the requirements of the troika over greater collective recovery and sustainability.
Various lobby and protest groups held demonstrations in Dublin today, to coincide with the Budget announcements. Here’s a sample.
IMF’s Ajai Chopra tells Prime Time special programme tonight that discussions started in summer 2010.
One garda suffered minor injuries in the protest against the bailout in Dublin city centre this afternoon.
A year after the government announced it was negotiating a bailout deal, TheJournal.ie takes a look back over the comments and quotes of the bailout.
Catch up on the day’s main stories as well as the bits and pieces you may have missed…
Yesterday, the Greek finance minister said the country would not need to implement any further austerity measures to reach its deficit target for the year.
The government has said publicly it wants to use State asset sell-off revenue for job creation but confidential documents paint a different picture.
The recapitalisation figure in the leaked budget documents is significantly less than the €1 billion previously suggested by Michael Noonan – but there will be more money available in 2012 if the credit unions need it.
The documents sent to Germany’s parliamentary committees were compiled by Brussels while Ireland was busy with its election.
It is understood the documents were disclosed to a German finance committee after being passed to it by the EU-IMF troika.
The chief of the IMF’s European department – and one of its biggest voices complimenting Ireland’s progress – steps down.
Papandreou’s party holds a slight two-seat majority in the Greek parliament: can he survive today’s confidence motion?
In tonight’s Fix: Muammar Gaddafi is dead; the Race for the Áras continues apace with less than a week to polling day, and how one Tullamore pub is celebrating the death of a despot…
Following a 10-day assessment of Ireland’s rescue package, the European Central Bank, European Commission and International Monetary Fund remain upbeat on the economy’s future.
Finance Minister has said that there will be a correction as close as possible to €3.6 billion in Budget 2012 and this was discussed with the Troika.
Representatives from the Troika are expected to announce that Ireland has been meeting targets set out in the bailout plan.