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Dublin: 10 °C Saturday 25 May, 2013
Bailout

Bailout

Funds given to a collapsing institution by a government in the hope of saving them.

# bailout - Thursday 2 August, 2012

From Business ETC ECB

Spain’s debt: will ECB start buying bonds again?

ECB set for crucial meeting today over eurozone debt crisis.

# bailout - Sunday 29 July, 2012

From Business ETC Eurozone

Merkel and Monti pledge to protect eurozone

Germany and Italy’s leaders have pledged to do everything to protect the eurozone – but have not outlined any specific action.

# bailout - Saturday 28 July, 2012

From Business ETC Eurozone

Germany rejects notion that Europe’s bailout fund could buy Spanish debt

Despite promises, no green light has been given to any specific action.

From TheJournal.ie Memories This post contains videos

9 videos that sum-up Ireland’s banking and economic collapse

“We are where we are” and “we all partied”. We look back at those turbulent two years that led us towards Ireland’s current economic state.

# bailout - Thursday 26 July, 2012

From TheJournal.ie Bailout Funds

ECJ to rule on whether permanent Euro bailout fund is legal

The Supreme Court has asked the European Court of Justice for clarity after a legal challenge from TD Thomas Pringle.

From Business ETC Bond Markets

Ireland raises €4.19 billion in first return to bond markets

Investors were willing to give us €4.19 billion in loans maturing in 2017 and 2020 – but they come at a cost.

From Business ETC Greece

Barroso visits Athens as Troika starts new Greek debt talks

Team of international debt inspectors to discuss whether Greece keeps receiving financial aid – or if it faces default.

From TheJournal.ie Opinion

Column: Ireland has no option but to play hardball. So why aren’t we?

Economic commentator Anthony Phillips paid a visit to the Department of Finance. This is what happened…

# bailout - Tuesday 24 July, 2012

From Business ETC Eurozone

Eurozone fears continue as IMF start Greek inspection

Yields on Spanish and Italian bonds hit record highs yesterday as uncertainty in the markets continues.

# bailout - Wednesday 18 July, 2012

From TheJournal.ie IMF

IMF representative in hot water over threat to Greek newspaper

A Greek newspaper which reported an increase in public servants was threatened by a senior IMF representative that it would have official information withheld in future.

From TheJournal.ie Your Say This post contains a poll

Poll: Should the Oireachtas be allowed to investigate the bank guarantee?

Two Oireachtas committee are vying for the chance to investigate the bank guarantee four years ago but should politicians be allowed to scrutinise the decision in the first place?

# bailout - Saturday 14 July, 2012

From The Daily Edge Not The News

Here is the week’s news… skewed

BREAKING via The Mire wire: Reilly for Finance Minister? Too warm a welcome for RTÉ’s new MD of news?

# bailout - Thursday 12 July, 2012

From TheJournal.ie Need To Know

The Evening Fix: Thursday

Things we learned, loved and shared today.

From TheJournal.ie 9 At 9

The 9 at 9: Thursday

Nine things you need to know this morning…

# bailout - Tuesday 10 July, 2012

From TheJournal.ie Bank Debt

Eurozone: Irish bank debt will be re-examined by autumn

European ministers have also rubber-stamped an initial €30billion bailout for Spain.

# bailout - Thursday 5 July, 2012

From Business ETC Greece

Greece pushing bid to renegotiate bailout terms

Antonis Samaras is hoping to renegotiate the country’s second bailout…

# bailout - Monday 2 July, 2012

From TheJournal.ie Bank Debt

Negotiations on bank debt deal ‘best done in private’ – Hayes

Finance Minister Michael Noonan will meet with his counterparts in Brussels next week to lay out Ireland’s case for reducing the burden of Ireland’s bank debt.

# bailout - Friday 29 June, 2012

From TheJournal.ie OMG

We Know How You Feel Photo of the Day

This is Luxembourg’s Prime Minister Jean-Claude Juncker at summit of EU leaders in Brussels. Maybe he knows something we don’t…

From TheJournal.ie Your Say This post contains a poll

Poll: Are you optimistic about the eurozone debt deal?

Tánaiste Eamon Gilmore has described the agreement as a ‘game-changer’ for Ireland. So what do you think?

From TheJournal.ie Explainer

Explainer: What did the EU leaders agree overnight in Brussels?

The leaders of the Eurozone countries have agreed to allow bailout funds be used by banks. What’s it all about?

From Business ETC Debt Crisis

Gilmore says new eurozone deal is a ‘game-changer’ for Ireland

The Tánaiste has also said that it reduces the chances of Ireland needed a second bailout.

From Business ETC Bailout

Taoiseach: Irish debt burden on the tax-payer to be ‘re-engineered’

An agreement overnight at a last minute summit in Brussels means that eurozone banks can be bailed out directly from the ESM.

# bailout - Tuesday 26 June, 2012

From Business ETC Downgraded

Moody’s downgrades 28 Spanish banks over debt concerns

Banks downgraded last night include one of the eurozone’s biggest – Banco Santander.

# bailout - Monday 25 June, 2012

From TheJournal.ie Bailout

Cyprus asks for bailout from the eurozone

The Cypriot government confirmed the news this evening, citing the country’s exposure to the Greek economy.

From TheJournal.ie Greece

Five days after he was appointed, Greek finance minister resigns

Vassilis Rapanos was hospitalised last week after reportedly fainting the day after he was appointed to the finance ministry.

From Business ETC Greece

Greece hirings “breached EU/IMF loan rules”

A new report suggests that Greece breached the EU/IMF loan agreement rules. Meanwhile, the country’s new prime minister is recovering from eye surgery.

From Business ETC Spain

Spain formally requests €100 billion rescue loan

Spain’s government views loan offer “very favourably”, according to letter sent to Jean-Claude Juncker.

From TheJournal.ie Budget

Budget 2013: Minister refuses to rule out income tax increases and welfare cuts

Pat Rabbitte insists the govt hasn’t “engaged” yet on the budget, but he personally wants to sit down for talks “without any red lines”.

# bailout - Saturday 23 June, 2012

From TheJournal.ie Greece

Greek coalition seeks negotiation on range of austerity measures

The measures were agreed under the country’s international bailout arrangement.

# bailout - Friday 22 June, 2012

Löw Blow! German newspaper wastes no time in having a bailout dig at Greece

You know how those Germans can be with their funny, funny jokes about the Eurozone collapsing…

From TheJournal.ie 9 At 9

The 9 at 9: Friday

Nine things to know this morning…

# bailout - Tuesday 19 June, 2012

From Business ETC Bond Markets

Spanish auction sees cost of short-term loans rocket… again

Spain sold off €3 billion in 12-month bills, but paid the price as investors continued to demand a high premium for their money.

From Business ETC Economy

Speculating on second bailout ‘profoundly unhelpful’ – Howlin

The Minister says speculation about a possible second bailout for Ireland was unhelpful – but concedes that Ireland’s position is “buffeted by external realities”.

From TheJournal.ie Greece

Greece: Pro-bailout parties announce ‘preliminary’ coalition deal

New Democracy and PASOK will hope to confirm a deal today, while Democratic Left may also be taken on board.

# bailout - Monday 18 June, 2012

From TheJournal.ie Daily Fix

The Daily Fix: Monday

All the day’s main news, plus a few bits and pieces you may have missed along the way…

From Business ETC Deal Or No Deal?

Brussels says report on Troika loan proposal is “simply not true”

The European Commission flatly denies an RTÉ report saying the Troika are considering extending the schedule for repayments.

From TheJournal.ie 9 At 9

The 9 at 9: Monday

Nine things to know this morning…

From TheJournal.ie Greece

Greece: Pro-bailout parties head into coalition talks

Yesterday, fears of an imminent Greek exit from Europe’s joint currency receded; today, talks on forming a new government begin.

# bailout - Thursday 14 June, 2012

From Business ETC Spain

Spanish borrowing costs hit record level

Moody’s downgraded Spanish debt to within one notch of ‘junk’ status yesterday.

From Business ETC Cyprus

Moody’s drives Cyprus towards junk status with two-notch downgrade

The credit ratings agency has said that it has placed Cyprus’ rating on review for further possible downgrade.