IrishCentral bailout - b5cc3275d518416eacb61d676e8d84d1

Ireland doesn’t need a second bailout says bondholder who describes it as a role model (IrishCentral)

Tue, 30 Oct 2012 06:52:00 PDT

By: DARA KELLY

A U.S. bond manager has described Ireland as a role model for how the US and Eurozone can deal with their ongoing debt issues.

Letters show amount of pressure put on Brian Lenihan by ECB over bank bailout (IrishCentral)

Mon, 03 Sep 2012 05:38:49 PDT

By: DARA KELLY

Letters sent from the president from the European Central Bank to the late Brian Lenihan reveal the intense pressure put on Ireland to apply for a bailout in November 2010, reports the Irish Times.

Michael Collins would be deeply unhappy with the Ireland of today -- Enda Kenny statement that he’d approve of bailout is off the mark (IrishCentral)

Mon, 20 Aug 2012 04:16:41 PDT

Enda Kenny and Michael CollinsThe Irish Times reported today that Irish leader Enda Kenny had made clear that Michael Collins would have supported the government’s economic policies—ie paying back billions in loans given to rotten banks by European banksThe Times stated, “Mr READ MORE

Germans need to pay for much of Irish bailout after Euro crisis -- Finally, some hard facts hit home as reality dawns for Merkel (IrishCentral)

Thu, 05 Jul 2012 04:45:45 PDT

German Chancellor Angela MerkelThe agreement reached by European leaders in the small hours of last Friday morning can be seen in two ways from an Irish perspectiveThe shift in European policy allowing the trillion euro European Stability Mechanism (ESM) to be used to directly recapitalize bust banks rather than routing it through the governments of the countries in question is something that Ireland has been seeking for the past year without successNow it's going to happen, which is great news for us From that perspective, it is a hugely significant development READ MORE

Spanish bailout from the EU won’t help the Irish (IrishCentral)

Wed, 13 Jun 2012 06:45:08 PDT

Spanish Prime Minister Mariano Rajoy When is a bailout not a bailout? When it's a Spanish bailout, of course The Spanish Prime Minister, Mariano Rajoy, did his best on Sunday to portray the €100 billion bailout of his country's banking system by the European Union as anything but a bailout It was a win all round, he insisted -- a win for the euro, a win for the European Union and a win for SpainThe bailout money coming from the EU would go directly into Spanish banks, he said, although he never once used the unspeakable word "bailout" in his press conference READ MORE

Second bailout for Ireland or not? Irish government split on what comes next (IrishCentral)

Mon, 23 Jan 2012 07:00:17 PST

Irish Times cartoonThe Irish Government itself now seems divided as to whether or not Ireland will require an embarrassing second bailout from the European Union, European Central Bank and International Monetary FundAlthough it’s only been a few days since Prime Minister Enday Kenny vehemently ruled out the possibility of that happening on a State visit to London, Social Protection Minister Joan Burton has once thrown a spanner into the works by claiming that the possibility of Ireland having to have recourse to a second bite at the institutions’ bailout fund hinges largely on the stability of the Eurozone as a whole, and the resolution of the sovereign debt crisis"I can't predict the future If you are asking me to crystal-ball gaze to the end of next week, I can't," Burton told the Sunday Independent READ MORE

Bailout boys from Europe are back in Ireland (IrishCentral)

Wed, 18 Jan 2012 07:15:18 PST

A group of economists from the IMF and the European Union leave the Merrion Hotel in Dublin last week Our bailout lords and masters from Europe and the IMF were back in town last week to examine the state's financial books One newspaper here had great fun pointing out that although their job is to impose austerity on us poor paupers, they were staying in the most expensive place in Dublin -- the five-star Merrion HotelThe excuse is that it is directly across the street from the Department of Finance which means that they are literally a 30-second walk away from work READ MORE

Tiny Irish village draws major media as they protest bank bailout (IrishCentral)

Sun, 08 Jan 2012 04:49:53 PST

By: JAMES O'SHEA

The people in a small Cork village who march every week against the bailout of Irish banks are starting to draw major media attention.

IMF appoints Dublin representative to oversee bailout (IrishCentral)

Sun, 09 Oct 2011 09:13:35 PDT

By: ANTOINETTE KELLY

For the first time, the International Monetary Fund has appointed a resident representative in Dublin to oversee its bailout program, reports the Irish Times.

Euro chief Juergen Stark demands Ireland cuts more to meet bailout terms (IrishCentral)

Wed, 14 Sep 2011 02:01:34 PDT

By: PADDY CLANCY

Government ministers have lashed outgoing European Central Bank (ECB) chief economist Juergen Stark for demanding that Ireland step up its already severe austerity program aimed at meeting its international bailout terms.

Ireland set to 'overachieve' terms of the EU-IMF bailout, says finance minister (IrishCentral)

Sat, 30 Jul 2011 09:29:58 PDT

By: ANTOINETTE KELLY

Ireland has met or 'overacheived' on its EU-IMF deficit targets, said Minister for Finance Michael Noonan, according to the Irish Times.

Ireland gets more time for bailout repayment and interest rate cut (IrishCentral)

Thu, 21 Jul 2011 02:13:40 PDT

By: CATHY HAYES

The interest rate on Ireland’s bailout package is to be cut by two percent and the loan time doubled, as a result of a new Euro-wide rescue mechanism.

IMF leaders back in Ireland to oversee bailout progress (IrishCentral)

Tue, 05 Jul 2011 04:47:19 PDT

By: CATHAL DERVAN

Just when you thought it was safe to go back on the streets of Dublin – the Bailout Boys are Back in Town.

Irish bailout interest rate cut now likely after French talks (IrishCentral)

Fri, 24 Jun 2011 05:26:08 PDT

By: CATHAL DERVAN

Irish Prime Minister Enda Kenny is on the verge of an agreement with the French that will allow for a cut in the interest rate charged on the EU/IMF bail-out.

Enda Kenny admits interest rate difficulties on bailout (IrishCentral)

Thu, 09 Jun 2011 07:00:59 PDT

By: CATHAL DERVAN

The Irish government has been forced to concede it can no longer demand a one percent drop in the interest charged on the EU/IMF bail-out.

Irish journalist runs 153-miles to deliver anti-bailout petition to the Irish Government (IrishCentral)

Wed, 01 Jun 2011 05:10:40 PDT

By: JAMES O'SHEA

Irish journalist Diarmuid O’Flynn has started his 153-mile run from Ballyhea, County Cork to the Government building in Dublin to deliver his anti-bondholder petition to the Dail (Parliament).

French resistance to kill Irish bailout interest rate cut (IrishCentral)

Thu, 12 May 2011 06:45:14 PDT

By: CATHAL DERVAN

They cost us the World Cup – now the French want to scupper Ireland’s hopes out of a cut in the bail-out interest rate as well.

Minister calls for urgent inquiry into IMF bailout (IrishCentral)

Tue, 26 Apr 2011 05:27:21 PDT

By: CATHAL DERVAN

A leading Irish Government Minister has called for an inquiry into the roles of Fianna Fail big wigs Brian Cowen and Brian Lenihan in the recent bank bail-out.

Blame game continues on who was behind Irish banks bailout (IrishCentral)

Mon, 25 Apr 2011 05:38:21 PDT

By: CATHAL DERVAN

Irish bank shares rise after latest bailout (IrishCentral)

Fri, 01 Apr 2011 05:04:42 PDT

By: CATHAL DERVAN

READMORE- Irish Finance Minister's drastic overhaul of banking sector