Posts Tagged ‘Dublin’

Ireland’s new government to stick to EU/IMF plan: source

DUBLIN (Reuters) – Ireland’s new government will stick to the fiscal targets laid down in an EU/IMF rescue package, a source familiar with the coalition deal agreed between the two main political parties said on Sunday. View full post on All Stories

Irish deposit sales cause ECB borrowing spike: source

DUBLIN (Reuters) – Anglo Irish Bank and Irish Nationwide Building Society were behind the spike in emergency borrowing from the European Central Bank as they seek a speedy sale of their deposit books, a source told Reuters on Saturday. View full post on All Stories

Ireland must find €17.5bn from reserves and pensions

Contribution demanded at meeting of eurozone ministers as proposals to shore up euro also outlined EU ministers tonight spelt out the terms of Ireland’s €85bn international financial rescue package, and revealed the Dublin government will have to raid its national pension fund and other cash reserves for €17.5bn as a condition of the deal to [...]

Euro Slide Continues As Trader Skepticism Grows Over Irish Bail-Out

Linda Young – AHN News Writer Dublin, Ireland, United Kingdom (AHN) – Ireland’s debt crisis and austerity plan has fueled uncertainty among traders, causing the euro to continue its slide in value against the dollar. The European Union’s common currency is now down to two-month lows at $1.3314; it has fallen by more than three [...]

Irish PM Doesn’t See Elections Before March Next Year

AHN News Staff Dublin, Ireland (AHN) – Irish Prime Minister Brian Cowen on Monday said that he was waiting for the Parliament to pass the significant budget at a time when his country is facing a debt crisis, adding that he doesn’t expect general elections before March of next year. The Irish leader said that [...]

Irish PM refuses to step down over bailout

– Political crisis as Green Party demands a general election – Backbenchers plotting to force PM Brian Cowen to resign – Decision to seek €90bn bailout package is broadly welcomed – Eurosceptics attack Britain’s expected bilateral £7bn loan 7.21pm: Cowen says: It is very important for people to understand that…any further delay in this matter [...]

Ireland Accepts EU, IMF Bailout Package

AHN News Staff Dublin, Ireland, United Kingdom (AHN) – Ireland formally accepted over the weekend the international bailout offer of the European Union and the International Monetary Fund. After hedging for a few days and insisting Dublin had sufficient financial resources, Irish authorities gave in to pressure and asked for a loan. According to reports, [...]

Ireland Finally Admits Need For Bailout

AHN News Staff Dublin, Ireland, United Kingdom (AHN) – After hedging for several days, Ireland finally admitted Thursday that Dublin needs the international bailout being offered by the European Central Bank or the International Monetary Fund. Irish Central Bank Governor Patrick Honohan said the international loan would likely happen to deal with concerns of the [...]

EU, IMF, ECB To Discuss Irish Debt Crisis In Dublin

AHN News Staff Dublin, Ireland (AHN) – Representatives from the European Union, the International Monetary Fund and the European Central Bank are due to arrive in Dublin on Wednesday to discuss the Irish financial crisis with its government, which has not yet requested any aid. The EU already believes that Ireland needs some kind of [...]

Irish youth flees as meltdown looms

Many young people are seeking to emigrate rather than face a life of hardship as the republic lurches towards financial collapse Student Niamh Buffini works hard and plays hard. As Ireland’s No 1 taekwondo martial arts practitioner – she is rated 12th in the world – her ambitions include winning Olympic gold for Ireland. But [...]

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