Bailout
Funds given to a collapsing institution by a government in the hope of saving them.
# bailout - Yesterday’s News
Ireland gets another €1.6 billion in bailout loans from the EFSF
That’s on top of the IMF loans announced earlier today – and these ones will be on the books until 2042.
The IMF wants Budget 2014 to ignore the promissory note deal
The Washington-based fund says we’ve completed our tenth quarterly review under the bailout, with a mixed outlook.
# bailout - Monday 17 June, 2013
Video: What the Taoiseach told Obama and ‘forgetting the yellow trousers’
Enda Kenny insisted that Ireland was making positive progress on its EU/IMF bailout amid reports of a scathing assessment from the European Commission on certain reforms.
# bailout - Thursday 13 June, 2013
Greece’s public services come to a halt as unions strike
Schools, hospitals, public transport and flights disrupted as two of Greece’s largest unions stage 24-hour protest.
# bailout - Wednesday 12 June, 2013
This is the moment the Greek version of RTÉ went off-air
The Greek government has shut down state broadcaster ERT’s TV and radio stations, with the loss of nearly 3,000 jobs, in order to save money.
# bailout - Monday 10 June, 2013
The 9 at 9: Monday
Good morning! Here are nine things to know before you kick off your week…
A British newspaper claims Ireland got a £10bn ‘back-door bailout’ from the UK
The Times reports that the UK’s £45 billion bailout of Ulster Bank’s parent Royal Bank of Scotland five years ago amounts to an ‘injection into the Republic’.
# bailout - Thursday 6 June, 2013
IMF admits ‘notable failures’ in Greek bailout
The fund has recently admitted that the troika’s push for tough austerity was based on poor assumptions and may have contributed to the recession.
# bailout - Saturday 1 June, 2013
Alan Shatter ‘humbled’, HSE versus the China baby video: The week’s news skewed
Breaking via The Mire wire: HSE officials too busy watching video of Chinese baby to appear on Prime Time, and parents using clothes recycling containers to mind children…
# bailout - Wednesday 29 May, 2013
Letter: ‘Why I am closing my current account’
An aggrieved-but-calm AIB customer, with €82 in his account, tells the bank why he is leaving them.
# bailout - Monday 27 May, 2013
The 9 at 9: Monday
Good morning! Here are the nine things to know before you start your day.
# bailout - Tuesday 21 May, 2013
WATCH: Irish MEP rips up property tax form in European Parliament
Socialist Paul Murphy said it was a protest against the “complete lack of tax justice” in Ireland.
# bailout - Saturday 18 May, 2013
Aaron McKenna: Money, Money, Must Be Funny In A Eurocrat’s World
Bailed-out Ireland is to contribute an additional €90 million to the European Union to help plug a shortfall in its 2013 budget. Ludicrous? Yes – but it’s hardly a blip on the radar of incongruity that is the EU’s funny money parade, writes Aaron McKenna.
# bailout - Wednesday 15 May, 2013
IMF gives the ok for €1 billion bailout loan for Cyprus
The IMF said the money is intended to stabilise the country’s ravage financial system.
# bailout - Friday 10 May, 2013
Consumers ‘weathering the storm’ as experts predict recession is bottoming out
However a report shows 60 per cent of adults still believe their income will be lower this time next year.
# bailout - Thursday 9 May, 2013
Troika want banks monitored after ‘disappointingly slow start’ on arrears
The conclusion of the Troika’s tenth review mission to Ireland will result in an estimated €2.4 billion being released.
# bailout - Sunday 5 May, 2013
Column: It’s fanciful to think a wealth tax would make the rich leave Ireland
A former IMF head of the mission for Ireland has said an entire reliance on austerity was not the right move – yet we’re still following that road. David Cronin asks why.
# bailout - Saturday 4 May, 2013
Portugal: 30,000 jobs cuts, working hours increased and pension age rises
The cuts should save an estimated €4.8 billion by 2015.
# bailout - Monday 29 April, 2013
Greece forced to sack 15,500 public workers to keep EU funds
MPs have signed off on laws which enforce the first mandatory public layoffs in Greece for over a century.
# bailout - Tuesday 23 April, 2013
Barroso: Austerity is ‘fundamentally right’ – but is approaching its limits
The European Commission president says, however, it is an ‘unacceptable prejudice’ to blame some countries for others’ problems.
Goodbody: Ireland should have second bailout ready to help exit from first
The stockbroking firm says a precautionary aid programme will encourage investors to lend to us without EU-IMF support.
# bailout - Monday 22 April, 2013
The 5 at 5: Monday
5 minutes, 5 stories, 5 o’clock…
Troika wants Ireland to outline spending cuts for three years
The European Commission approves the latest €1.6 billion loan – but wants Dublin to say WHERE it will continue to cut back.
# bailout - Tuesday 16 April, 2013
Column: Who’s next in line to be consumed by the European crisis?
While other countries are showing signs of difficulty, it’s Spain’s deterioration which could bring the euro crisis to its most dangerous point, writes Tom McDonnell, who asks where Europe goes from here?
# bailout - Friday 12 April, 2013
The Evening Fix…now with added spinning
Things we learned, loved and shared today…
Updated: EU finance ministers agree to delay repayment of Irish bailout loans
All 27 EU finance ministers have now given a green light to extending the maturity of Ireland’s bailout loans by seven years.
The 5 at 5: Friday
5 minutes, 5 stories, 5 o’clock…
Cyprus eases controls on stricken banks – but keeps €300 withdrawal limit
The restrictions were imposed to prevent a run on the banks during the dramatic Cyprus bailout.
EU and Eurozone finance ministers begin two-day summit in Dublin
Ministers will discuss extending the repayment dates of Ireland’s loans, and the aftermath of the Cyprus bailout catastrophe.
# bailout - Thursday 11 April, 2013
Austerity-only policy for Ireland was a mistake, admits former IMF chief
Ashoka Mody says the Troika chose to go down an austerity-only route instead of conceding on terms and conditions.
# bailout - Wednesday 10 April, 2013
The 5 at 5: Wednesday
5 minutes, 5 stories, 5 o’clock…
Fiscal council finds ‘wiggle room’ on Budget targets – but wants full cuts
The Fiscal Advisory Council recommends sticking to plans for another €5.1bn in cuts over two years – even though we’re on course to be well ahead of the EU’s deficit targets.
Troika recommends ‘giving Ireland seven more years to repay loans’
Proposals seen by Reuters, to be put to ministers in Dublin this weekend, would see extra time given for Ireland and Portugal to repay.
# bailout - Monday 8 April, 2013
Portugal PM announces severe spending cuts
As the EU warned the debt-hit nation to respect the aims of its international bailout.
Gilmore: Water charges will not be introduced next January
The Tánaiste says charges won’t be introduced before meters are installed, and that won’t be done in the next nine months.
# bailout - Saturday 6 April, 2013
Aaron McKenna: While the Eurozone is floundering, the US is seeing growth – but why?
The EU needs to either get on with integration, proper banking and political union or separate into amicable trading partners and neighbours, writes Aaron McKenna.
# bailout - Thursday 4 April, 2013
ECB chief Draghi admits initial Cyprus bailout plan was ‘not smart’
The head of the European Central Bank was speaking as the eurozone’s central bank left interest rates unchanged at 0.75 per cent today.
My Cyprus, changed forever
Tamer Fakahany, a deputy managing editor with Associated Press, recalls the displacement of Cypriots he witnessed as a boy – and why its present travails have inspired him to return with his young son.
# bailout - Wednesday 3 April, 2013
The 5 at 5: Wednesday
5 minutes, 5 stories, 5 o’clock…
IMF: European help, progress on mortgages crucial to exit from bailout
The IMF’s latest quarterly review of Ireland’s progress says progress on dealing with mortgage arrears is a make-or-break.
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