ECB president Christine Lagarde has said officials are watching closely the spread of the coronavirus but don’t currently see the need for a monetary-policy response.
Thu, 27 Feb, 2020
The ECB’s growing confidence that the eurozone economy was on the mend may suffer a setback as the continent reels from the economic fallout of the coronavirus, a leading economist has said.
Thu, 20 Feb, 2020
New figures showed Germany narrowly avoided recession but European shares slid nonetheless on fears that the US-China trade conflict was still inflicting a lot of damage to the world growth.
Fri, 15 Nov, 2019
Ireland yesterday bowed out of the race to take one of the top jobs at the European Central Bank.
Tue, 20 Feb, 2018
The Government is to nominate Central Bank governor Philip Lane to become Ireland’s first ever vice-president of the European Central Bank.
Wed, 31 Jan, 2018
As Jeroen Dijsselbloem’s turbulent reign over eurozone’s finance ministers’ meetings comes to an end, horse-trading for his succession between the bloc’s countries and political groups is about to heat up.
Wed, 11 Oct, 2017
Bosses at Caixabank have agreed to move its base from Barcelona to the eastern city of Valencia, outside Spain's Catalonia region.
Fri, 06 Oct, 2017
The eurozone economy notched up modest growth in the final three months of last year, showing the bloc has little muscle to shrug off the globe’s mounting economic problems.
Sat, 13 Feb, 2016
Tue, 12 Jan, 2016
China’s stock-market rout that erased $5 trillion (€4.48tn) in value is close to ending, according to the nation’s central bank governor.
Mon, 07 Sep, 2015
Greek prime minister Alexis Tsipras is banking on a political deal to save his country with just days to go to prevent default.
Sat, 20 Jun, 2015
Germany and the European Commission slapped down talk of a third financial rescue for Greece as premature, after Spain once again suggested yesterday that a new aid package for Athens was almost inevitable.
Thu, 05 Mar, 2015
Polish Prime Minister Donald Tusk has emerged as clear favourite for the key post of president of the European Council when EU leaders meet for a special summit tomorrow, several sources familiar with the selection process said.
Fri, 29 Aug, 2014
Germany last night warned Ireland that looking for lower interest rates and longer maturity on its bailout, similar to the deal for Greece, would be “disastrous”.
Tue, 04 Dec, 2012
Hundreds of thousands of people across Europe joined demonstrations or went on strike today as they demanded that governments stop cutting benefits and create more employment.
Wed, 14 Nov, 2012
Finance ministers and central bank governors from the world’s leading economies met in Mexico on Sunday amid growing fears over the global impact of Europe’s debt crisis and the stalemate over a fiscal plan in the US.
Mon, 05 Nov, 2012
Spain is ready to request a eurozone bailout for its public finances as early as next weekend but Germany has signalled that it should hold off, European officials said yesterday.
Tue, 02 Oct, 2012
Tens of thousands of people from all over the country converged on Spain’s capital to hold a large anti-austerity demonstration today.
Sat, 15 Sep, 2012
By Ann Cahill, Irish Examiner European Correspondent
Fri, 14 Sep, 2012
Spain’s ailing banks are unlikely to need all of the €100bn which was made available by the country’s euro partners, Spanish economy minister Luis de Guindos said.
Mon, 03 Sep, 2012
Spain overhauled its banks for the fifth time in three years yesterday in order to secure up to €100bn in European aid for lenders crushed by bad loans resulting from the country’s extended property market crash.
Sat, 01 Sep, 2012
Spain has time to wait for clarity on what a full European rescue would involve as it has already covered the majority of its debt needs for the year, economy minister Luis de Guindos said yesterday.
Mon, 06 Aug, 2012
Hopes for a quiet summer recess, giving much needed time to Spain to organise its broke banks, are fast receding, with many expecting the country to need a bailout and warnings that France could be dragged into the mire.
Wed, 25 Jul, 2012
World equity markets sold off and the euro set new two-year lows against the dollar yesterday after reports that more indebted regions in Spain need financial aid fuelled fears that the country may need a bailout.
Tue, 24 Jul, 2012
German chancellor Angela Merkel yesterday dashed any lingering hope in financial markets that Europe would issue common eurozone bonds to underpin its single currency after Spain formally sought a financial rescue.
Tue, 26 Jun, 2012
It has been reported that Spain has formally requested up to €100bn in financial assistance for its banking sector.
Mon, 25 Jun, 2012
Spain will present its official request for an EU bailout for its banks over the weekend but failed to convince all eurozone countries that the loan should not have preferential creditor status — a prospect blamed for the country’s euro-era record borrowing costs.
Fri, 22 Jun, 2012
Spain’s troubled banks could need as much as €62bn in new capital, independent auditors have calculated.
Thu, 21 Jun, 2012
Investors expect Spain to become the fourth euro member to need external funding as borrowing costs surge to levels too punitive for the nation to finance its needs on capital markets.
Tue, 19 Jun, 2012
Irish economists have advised Spanish authorities awaiting the results of stress tests on their banking system to “imagine the worst and double it”.
Mon, 18 Jun, 2012
Spain and Italy promised new measures to repair their public finances as their borrowing costs raised new alarm ahead of a cliffhanger Greek election.
Fri, 15 Jun, 2012
Spain ate humble pie and became the fourth and largest country to ask Europe to rescue its failing banks.
Sun, 10 Jun, 2012
Spain will ask for a bank bailout from the eurozone, becoming the fourth and largest country to seek help since the single currency bloc's debt crisis erupted.
Sat, 09 Jun, 2012
Germany and European Union officials are urgently exploring ways to rescue Spain’s debt-stricken banks, although Madrid has not yet requested assistance and is resisting being placed under international supervision.
Thu, 07 Jun, 2012
Spanish and Italian government bonds rallied, paring a slump for the week, on speculation the ECB will buy the securities to help prevent the eurozone from disintegrating.
Sat, 02 Jun, 2012
The eurozone should move to a banking union and consider directly recapitalising banks from its permanent bailout fund, the European Commission said in annual economic recommendations that shone a critical light on Spain.
Thu, 31 May, 2012
Conservative Spanish prime minister Mariano Rajoy insisted today that the country’s banking sector would not need an international rescue as concern over the bailout of nationalised lender Bankia sent its stock price plummeting while Spain’s borrowing costs soared.
Mon, 28 May, 2012
Spain’s market regulator has suspended trading of shares in bailed-out lender Bankia ahead of a board meeting of the bank that is expected to decide on the amount of money it needs from the government.
Fri, 25 May, 2012
Spain’s banks do not need to be bolstered with European money as suggested by France, the country’s economy minister said today.
Mon, 21 May, 2012
A solution to Spain’s massive bank problems gaining support in the EU would offer Ireland an opportunity to cut the cost of our bank debts, Finance Minister Michael Noonan has said.
Tue, 15 May, 2012
Spain will force banks to increase provisions against real estate loans by about €30bn and will hire two auditors to value lenders’ assets in a fourth attempt to clean up the industry.
Sat, 12 May, 2012
EU finance ministers yesterday struggled to reach a deal on forcing banks to set aside more capital to cushion future losses, with Spain saying the bloc had to dispel doubts about the strength of its lenders.
Thu, 03 May, 2012
The ISEQ index dropped 2.35 points yesterday to close at 3,139.34. Eurozone debt fears have resurfaced, with Spain the main focus of the concern.
Thu, 12 Apr, 2012
Worries about Spain’s finances are intensifying as the country’s bond yields on international markets rose despite expectations of a new round of austerity measures.
Tue, 10 Apr, 2012
European shares fell to a two-month low yesterday after a Spanish debt sale failed to reach its targets reigniting fears that the eurozone sovereign debt crisis could spark further national bailouts.
Thu, 05 Apr, 2012
Spain will be forced to make massive cutbacks next year to bring its budget into line with strict new EU rules, despite missing targets for two years, eurozone ministers decided last night.
Tue, 13 Mar, 2012
Spain drew solid demand for its debt yesterday, easily shifting what it wanted to sell at a bond auction, although concerns about Greece’s second bailout and the fragility of some of the eurozone’s riskier economies pushed financing costs higher.
Fri, 17 Feb, 2012
SPAIN’S parliament has approved the new conservative government’s first austerity measures, which aim to rein in the country’s swollen deficit with €8.9bn in spending cuts.
Thu, 12 Jan, 2012
SPAIN’s public deficit for 2011 may be higher than the 8% of GDP forecast by the new government, the country’s economy minister said — fuelling fears the country faces a prolonged period of tight budgets and economic contraction.
Tue, 03 Jan, 2012
Spain’s new conservative prime minister has been sworn in and appointed his Cabinet, including ministers charged with lifting the country out of its severe economic crisis.
Wed, 21 Dec, 2011
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