Bailout
Funds given to a collapsing institution by a government in the hope of saving them.
# bailout - Thursday 26 April, 2012
Troika to deliver verdict on bailout as programme reaches halfway point
Officials from the EC, IMF and ECB are expected to give Ireland the thumbs up on its bailout.
# bailout - Wednesday 25 April, 2012
Minister to reveal on Monday whether mini-Budget is needed
The next Stability Programme Update is due out next Monday – but Michael Noonan remains insistent that we’ll meet our targets.
# bailout - Monday 23 April, 2012
Ireland recorded a 13.1 per cent deficit last year
Without the whole banking debt, it could have been down to 9.4 per cent.
# bailout - Friday 20 April, 2012
Rabbitte: Ireland deserves ECB recognition for taking a hit on banks
The Communications Minister said that Labour’s poor showing the polls was to be expected given the economic situation and the historic problems for junior coalition partners.
# bailout - Wednesday 18 April, 2012
Troika turned down suggestion of meeting with Oireachtas committee – Noonan
Michael Noonan says he suggested that the Troika meet with an all-party committee, but that the inspectors rejected the idea.
# bailout - Tuesday 17 April, 2012
Independent TD launches legal challenge against ESM treaty
Thomas Pringle says he wants the High Court to establish whether the European Stability Mechanism requires a referendum.
Troika discouraged from opposition meetings by May referendum, says ECB
The Troika will not be meeting opposition parties during their latest visit to Ireland – despite doing so during previous reviews.
Troika returns to Ireland for latest review
EU, IMF and ECB officials are back in Ireland to assess the government’s plans for tackling unemployment and economic recovery.
# bailout - Saturday 7 April, 2012
US freezes salaries of chief executives of bailed-out companies
AIG, General Motors and Ally Financial haven’t yet repaid the financial aid given in 2008 – so the Treasury is freezing their pay.
# bailout - Friday 6 April, 2012
Three bidders in the mix for Rangers
Administrators waste no time in determining shortlist.
# bailout - Tuesday 3 April, 2012
Budget body says Ireland could need €400m mini-budget
The Irish Fiscal Advisory Council says the Budget’s projections for economic growth may have been too ambitious.
# bailout - Sunday 1 April, 2012
German central bank ‘to stop taking Irish bonds as collateral’
A German newspaper report says the Bundesbank won’t take Irish, Greek or Portuguese bonds from banks any more.
# bailout - Friday 30 March, 2012
EU finance ministers meet to decide on size of bailout fund
The 17 eurozone finance ministers will meet in Copehagen for two days of discussions concerning the size of the bailout fund available to countries.
# bailout - Tuesday 27 March, 2012
Three-quarters of homes still to pay household charge
395,232 homes had paid the charge by 5pm this evening – that’s just under a quarter of the 1.6 million liable homes.
Cowen compares banking crisis to ‘multiple plane crashes occurring at once’
In a speech in Washington, the former taoiseach also attacks conventional political thinking in advance of the crisis.
# bailout - Sunday 18 March, 2012
‘Complacency and arrogance’ ensured Lisbon Treaty referendum defeat: Creighton
Creighton says that early polls on the Fiscal Treaty referendum should not encourage complacency among ‘yes’ voters.
# bailout - Tuesday 13 March, 2012
The 9 at 9: Tuesday
Nine things to know this morning…
EU ministers approve €130bn Greek bailout
Meanwhile – Spain has announced that it will not meet the deficit goal agreed with the EU for this year.
# bailout - Friday 9 March, 2012
Greek deal is ‘a credit event’ triggering potential $3bn pay out
The agency overseeing financial derivatives has said that anyone holding a type of insurance on Greek bonds will receive a payout.
Success for Greece as huge majority of investors agree to bond swap
The biggest sovereign bond swap in history will unltimately see 95.7 per cent of investors agree to write down their debts.
# bailout - Tuesday 6 March, 2012
Column: We need to stop taking money out of people’s pockets
Yes, we’ve got a deficit to deal with – but making ordinary consumers pay is hurting the wider economy as well as our wallets, writes Aaron McKenna.
# bailout - Monday 5 March, 2012
The 5 at 5: Monday
5 minutes, 5 stories, 5 o’clock…
12 major investors agree to write off parts of Greek debt
An organisation representing the biggest holders of Greek debt say they have agreed to a deal that paves the way for Greece’s second EU-IMF bailout.
# bailout - Saturday 3 March, 2012
Prime numbers: The week in stats
Some people retiring, some people quitting, others starting new jobs, and some getting through an awful lot of printer ink…
IMF signals hope for deal on Ireland’s Anglo debt
The IMF’s mission chief for Ireland said there was “a lot of consensus” among the troika for a possible reduction of the promissory note payments.
# bailout - Friday 2 March, 2012
The Daily Fix: Friday
All the day’s main news as well as the bits and pieces that you may have missed…
The 5 at 5: Friday
5 minutes, 5 stories, 5 o’clock.
IMF: Irish economy faces larger challenges than first expected
The IMF’s latest quarterly report has similar concerns to that of the EU: that a dip in exports could mean tougher times ahead.
# bailout - Thursday 1 March, 2012
Eurozone finance ministers agree in principle on first Greek bailout payment
Greece needs the money to finance a massive debt relief deal with bondholders.
The 5 at 5: Thursday
5 minutes, 5 stories, 5 o’clock.
Ireland may need mini-budget if other economies falter: official EU report
The European Commission signs off on a €5.9 billion release of bailout funds, but their green light comes with a warning…
# bailout - Wednesday 29 February, 2012
The 5 at 5: Wednesday
5 minutes, 5 stories, 5 o’clock.
Watch: German finance minister plays Sudoku during Greek bailout debate
You would think that Wolfgang Schaeuble would have something better to do during an important debate…
# bailout - Tuesday 28 February, 2012
Germany ruling: MPs must vote on each release of bailout aid
Germany’s Constitutional Court has ruled that MPs must have more of a say in relation to eurozone bailouts.
IMF signs off on latest €3.2 billion loan to Ireland
The IMF signs off on the fifth review of its bailout, and is releasing €3.2 billion to Ireland – bringing its total IMF debt to €16bn.
# bailout - Monday 27 February, 2012
German MPs vote to approve second Greek bailout
The vote was passed easily despite much scepticism in Germany about Greece’s ability to meet the terms of the second assistance package.
Moody’s backs ‘credit positive’ sale of state assets
In its weekly credit outlook, Moody’s welcomes the plans to sell state assets – but that our position remains “challenging”.
# bailout - Saturday 25 February, 2012
Greece and firewalls: Europe tops G20 finance ministers’ agenda
“We still have to build the mother of all firewalls,” warned the head of the OECD at the meeting in Mexico City.
# bailout - Friday 24 February, 2012
Taoiseach meets Angela Merkel and ‘Super Mario’
Enda Kenny discussed Ireland’s attempts at economic recovery with the German Chancellor outside Berlin last night.
# bailout - Wednesday 22 February, 2012
‘It makes no economic sense’: Sale of state assets criticised by opposition
Sinn Féin and Fianna Fáil have both criticised the government’s announcement on the sale of State assets today.
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