Political Editor Daniel McConnell revisits the fateful days leading up to the bailout, telling the story of one of Ireland’s darkest days — in the words of the people who were there
The IMF has urged the Government to abolish the special 9% Vat rate for the tourism and hospitality sector, prioritise spending on infrastructure and healthcare, and opt for tax increases rather than cuts in future budgets.
Europe's bailout fund has approved a €6.7bn loan instalment to Greece as part of its third international rescue programme.
The Government has received approval to repay €5.5bn in bailout loans early.
Greek government officials have reached agreement with creditors on the terms to restart bailout loan payouts, following months of tough negotiations.
Greece and its international creditors have taken a big step towards an agreement that will ensure the cash-strapped country gets the money it needs in time to avoid a potential bankruptcy this summer.
The International Monetary Fund's executive board has approved a three-year bailout totalling 12 billion dollars to Egypt to support the country's ailing economy.
The EU's highest court has thrown out a legal challenge against an Irish bank bailout.
Europe urgently needs a €150bn bailout fund to recapitalise its beleaguered banks, particularly those in Italy, said Deutsche Bank’s chief economist in an interview with Welt am Sonntag.
Greece's parliament on Sunday passed an omnibus reform bill providing for tax hikes, more austerity reforms and a new privatisation superfund, which will manage almost all state property.
The president of the European Council has opposed Greece's demand for an emergency leaders' summit on the country's troubled bailout programme.
The Greek government is beginning a new round of talks with creditors sceptical about the depth and effectiveness of its pension reform plans amid widespread protests over the proposals.
Jobs Minister Richard Bruton has denied Michael Noonan misled the Irish people, claiming he has been “very honest” around the issue of burning bondholders.
The banking crisis that bankrupted the Irish economy was entirely home made and made worse by Irish actions, the president of the ECB Mario Draghi has insisted.
Irish MEPs will this morning be allowed 15 minutes to question the President of the ECB, Mario Draghi, about the Irish banking crisis.
Greece has failed to convince European creditors to release vital bailout funds to shore up the country’s public coffers and its crippled banks.
Greece must implement its bailout programme fast to achieve its main aim of regaining access to market financing and escaping international supervision, re-elected leftist prime minister Alexis Tsipras has said.
The total cost to the State of the bailout has been revealed as €60bn.
The former head of the International Monetary Fund (IMF) mission to Ireland says the ECB acted beyond its mandate when it pushed Ireland into a bailout.
Greece will miss its revenue target from asset sales this year due to delays in a €1.2bn airport deal, the head of its privatisation agency said yesterday, in a setback to efforts to meet the terms of its new bailout.
Europe will be able to handle future economic crises without the help of the International Monetary Fund, the head of the eurozone’s bailout fund told German magazine Der Spiegel yesterday.
In recent weeks, global equity markets have suffered the first material setback since the 2011 eurozone crisis (when global markets fell over 20%) and very understandably this has caused an increased level of anxiety among investors.
Europe’s flawed political mechanisms condemn the bloc to repeated crises, and the notion of ejecting a member from the euro is an “evil genie” with destabilising consequences, a top central banker said yesterday.
Greece’s radical left Syriza party can win re-election with an outright majority, a senior member said, governing without support from mainstream forces which also back the country’s new international bailout.
Greek financial markets are likely to rebound strongly in the final quarter of the year despite their current malaise. Former Greek prime minister Alexis Tsipras last week resigned which paved the way for snap elections next month.
Italy is set to put senior unsecured bank bonds in line for losses with a law that facilitates writedowns to prevent taxpayer bailouts.
Eurogroup president Jeroen Dijsselbloem urged Greece yesterday to hold elections as soon as possible to avoid delays in implementing a third bailout package.
The German parliament approved a third bailout for Greece yesterday after finance minister, Wolfgang Schaeuble, said the country should get “a new start”, while in Athens the government agonised over whether to call a snap election.
European bailout fund supervisors have approved the release of billions of euros to help rebuild Greece’s devastated economy just as a new debt payment looms.
Germany’s parliament has overwhelmingly approved a third bailout package for Greece.
Greece has agreed to sell to a German company the rights to operate 14 regional airports.
German lawmakers will vote on Wednesday on a new aid package for Greece, which needs approval to meet a debt payment deadline a day later.
Greek politicians have approved their country’s draft third bailout in a parliamentary vote that relied on opposition party support and saw the government coalition suffer significant dissent.
The Greek government has defended its new bailout programme in tumultuous parliamentary sessions, as it faced a rebellion in the governing Syriza party ahead of a vote on the deal.
Greek MPs have been discussing the country’s critical third bailout with the goal of voting on it before a eurozone finance ministers’ meeting.
Greece’s government has submitted the draft bill for its third bailout in five years to parliament, aiming for a vote before an expected eurozone finance ministers’ meeting on Friday.
Agreement with creditors could be concluded as early as this week
Greece’s talks with its creditors on a vital third bailout are making “satisfactory progress”, the European Union executive has said in its most upbeat assessment so far.
There is no evidence to link the EU-IMF bailout to the bank guarantee.
Greece invited the International Monetary Fund to participate in its negotiations with European creditors over a vital third bailout – talks that are expected to start next week.
EU economy chief Pierre Moscovici has said Greece’s European creditors have agreed to provide debt relief so long as the country’s government can deliver on the terms of its third bailout package.
Greek banks are poised to reopen after a forced three-week closure – but restrictions on cash withdrawals remain.
German policy-makers have given overwhelming approval to opening detailed negotiations with Greece on a new bailout package.
Greece got a triple dose of good news yesterday when creditors agreed to open talks on a third bailout package to give the country an interim loan to cover its debts and to provide more support to its closed banks.
Greek MPs have voted overwhelmingly to approve a harsh austerity bill demanded by bailout creditors, despite significant dissent from members of prime minister Alexis Tsipras’ left-wing party.
The Central Bank said it won’t say whether it will use special powers to investigate any of Ireland’s main banks that survived the crash only with the help of bailouts.
The Greek parliament has voted by a narrow majority to take the first steps towards a €86bn bailout (its third) by adopting a series of austerity measures.
22 minutes ago
27 minutes ago
Wednesday, August 5, 2020 - 7:00 PM
Wednesday, August 5, 2020 - 5:00 PM
Wednesday, August 5, 2020 - 10:00 PM