Greece will make a proposal to tap Europe’s bailout fund, the European Stability Mechanism, as soon as tomorrow, the eurozone’s top official has said.


The Euro sculpture, near the old ECB headquarters in Frankfurt, undergoes maintenance this week.

Eurozone leaders make plans to pull back from the brink

Short term financing and a longer term programme with widespread changes to the Greek economy were on the table last night but EU leaders gave Greece a final deadline of Sunday to submit detailed plans.


US law firm backs Project Eagle investigations

Brown Rudnick, the US law firm which advised two bidders involved in the controversial €5.7bn of Project Eagle loans sold by Nama last year, yesterday said it would co-operate with all inquiries into the transaction.


IBRC buys out Russian debt collectors

IBRC’s special liquidators have bought out its partner in the controversial joint-venture it established nearly three years ago to recover key Quinn family assets in Russia and Ukraine, for $34m (€31m).

Euclid Tsakalotos

Uncertainty over Greek deal keeps markets edgy

Market hopes for a Greek deal went on something of a roller coaster ride as initial pessimism turned to hopes after confirmation that Greece would likely table its formal bailout plan to the European authorities later today.


Tsipras pitches new plan as Merkel takes hard line

Greek prime minister Alexis Tsipras launched a desperate bid to win fresh aid from creditors at an emergency eurozone summit yesterday, before his country’s banks run out of money.


Anxious Greeks buy Macs and PlayStations while they still can

As the going gets tough in Greece, the Greeks are going shopping.


Building on agri-food growth blueprint

Food Wise 2025 was published last week and provides an important signpost to those with ambition and drive around the agri-food industry in Ireland.


Horizon in ‘hostile bid’ for US pharma

Dublin-domiciled Horizon Pharma has tabled a hostile bid — valued at $3bn (€2.74bn) — for US-based speciality pharmaceutical company Depomed.


Ireland ‘stand-out performer’ for British recruiter

International recruitment firm Robert Walters has highlighted Ireland as being a “stand-out performer” for the business in its latest trading update.


Top 20 building firms see their exports top €1bn

Exports by the country’s top 20 construction firms have eclipsed the €1bn mark, with demand for industrial construction services showing particularly strong growth.


Prime Dublin office vacancies stand at less than 2%

Less than 2% of the capital’s stock of Grade A office accommodation is idle, as the particularly strong take-up seen over the past 18 months continues unabated.

RSA CEO, Stephen Hester.

UK to probe RSA scandal

Britain’s Financial Reporting Council is investigating former employees of RSA Insurance Group’s Irish unit regarding accounting irregularities dating back to 2012.


Firms tilt for arrears tender

The Department of Finance is to spark a scramble among the country’s top PR firms for the prestigious contract to design and implement a national communications strategy on the Government’s plan to address mortgage arrears.


ENOC remains confident of Dragon Oil deal

The Emirates National Oil Company (ENOC) believes its takeover of Irish-listed explorer Dragon Oil will succeed, despite significant minority-shareholder opposition to the current offer.