Situation as messy as ever as last month's 'breakthrough' is forgottenANALYSIS: Euro zone finance ministers gathering in Brussels must clear the air – and do so quicklyTue Jul 10 2012 - 01:00
Noonan wants speedy revision of Irish bank rescueMinister for Finance Michael Noonan pressed for a speedy EU deal to revise Ireland’s bank rescue as he linked the question to…Mon Jul 09 2012 - 01:00
Romanian parliament suspends presidentTHE ROMANIAN parliament has voted to suspend President Traian Basescu, escalating a political crisis which has led the European…Sat Jul 07 2012 - 01:00
Decision on Irish bank debt likely to be delayedEURO ZONE finance ministers will discuss Ireland’s request for bank debt relief at a meeting on Monday night but a swift political…Sat Jul 07 2012 - 01:00
Ireland to seek more money on markets in near futureTHE STATE is set to borrow more money from international sources in the coming months in an effort to eventually exit EU-International…Fri Jul 06 2012 - 01:00
ECB cuts interest rate to record lowTHE EUROPEAN Central Bank took steps to revive flagging economic growth by cutting its main interest rate to a record 0Fri Jul 06 2012 - 01:00
Greeks seek easing of bailout as troika visitsINSPECTORS FROM the EU-IMF “troika” return to Athens today for their first meetings with new Greek premier Antonis Samaras, a…Wed Jul 04 2012 - 01:00
ECB backed Ireland in getting pledge for bank bailout reviewTHE EUROPEAN Central Bank pushed for a specific pledge to review the Irish bank bailout during last week’s EU summit, it has …Tue Jul 03 2012 - 01:00
Cyprus begins EU presidency amid bailout turbulenceANALYSIS: Cyprus says six-month presidency will not be blown off course by its request for external aidTue Jul 03 2012 - 01:00
How the deal was doneEU SUMMIT: German chancellor Angela Merkel was met with uncompromising and forthright demands and, this time, the policy changed…Sat Jun 30 2012 - 01:00
Review of Irish bailout likely after Merkel climbdownEURO ZONE finance ministers are poised to initiate a fundamental review of Ireland’s bank bailout after EU leaders moved to give…Sat Jun 30 2012 - 01:00
Taxpayers to benefit as Europe's leaders change tack yet againANALYSIS: The long campaign for bank debt relief has eventually paid off – the door is now openSat Jun 30 2012 - 01:00
Review of Irish bailout likely after Merkel climbdownEuro zone finance ministers are poised to initiate a fundamental review of Ireland’s bank bailout after EU leaders moved to give…Sat Jun 30 2012 - 01:00
Italy and Spain threaten to block €120bn EU growth planITALY AND Spain have urged EU leaders to take emergency action to contain their borrowing costs and raised the prospect that …Fri Jun 29 2012 - 01:00
Government to intensify campaign over Europe's debt fiasco at summitTHE GOVERNMENT will today step up its campaign for a radical new response to Europe’s debt debacle as it intensifies its demand…Thu Jun 28 2012 - 01:00
Kenny targets debt crisis at summitTaoiseach Enda Kenny travels to Brussels this morning for a two-day summit with EU leaders.Thu Jun 28 2012 - 01:00
Kenny urges EU leaders to devise solution for debt crisisTAOISEACH ENDA Kenny has called on EU leaders to examine radical new steps to “better manage” the increase in the borrowing costs…Wed Jun 27 2012 - 01:00
EU ministers condemn Syria over Turkish jetEUROPEAN FOREIGN ministers condemned Syria for shooting down a Turkish military jet as they banned the import of all oil products…Tue Jun 26 2012 - 01:00
Cyprus seeks EU bailout as Spanish borrowing costs spikeCYPRUS BECAME the fifth country to succumb to the debt crisis in the euro zone as it sought emergency aid yesterday to prop up…Tue Jun 26 2012 - 01:00
Push to create euro zone 'banking union'GLOBAL CENTRAL bankers backed the formation of a “banking union” in the euro zone as Germany issued a blunt warning to Greece…Mon Jun 25 2012 - 01:00
Noonan rules out tax on financial transactionsMINISTER FOR Finance Michael Noonan said Ireland will not adopt a new European tax on financial transactionsSat Jun 23 2012 - 01:00
Merkel plays down talk of new EU debt initiativeGERMAN CHANCELLOR Angela Merkel rejected a growing clamour to widen her response to Europe’s debt crisis as she and the leaders…Sat Jun 23 2012 - 01:00
Euro zone ministers at odds over Spain planEURO ZONE finance ministers struggled yesterday to advance their rescue plan for Spain’s crippled banks as the new Greek government…Fri Jun 22 2012 - 01:00
IMF chief warns euro's survival at stake if swift action not takenTHE INTERNATIONAL Monetary Fund has warned that the viability of the euro is under threat and called on governments and the European…Fri Jun 22 2012 - 01:00
Resistance to plan to renew EU job-loss schemeTHE GOVERNMENT is campaigning with several other European countries to renew an EU funding scheme for workers made redundant …Fri Jun 22 2012 - 01:00
Lessons should have been learned from Ireland, says NoonanIRISH REACTION: EUROPE SHOULD have learned lessons from Ireland’s banking debacle when agreeing an international bailout for…Fri Jun 22 2012 - 01:00
EU would start from scratch on bid by RyanairANY EXAMINATION of Ryanair’s new bid for Aer Lingus by EU competition commissioner Joaquín Almunia would start from scratch with…Thu Jun 21 2012 - 01:00
Crunch time on debt approaching rapidly for Europe's leadersEUROPEAN DIARY: There is growing talk about new measures to suspend normal rules of play on bond marketsThu Jun 21 2012 - 01:00
EU plans financial strategy to target human traffickersTHE EU authorities plan to advance in-depth financial investigations into human traffickers in a drive to boost the prosecution…Wed Jun 20 2012 - 01:00
No respite in sight as pressure on Spain intensifiesMARKET PRESSURE on Spain intensified, raising more questions over Europe’s rescue of its banks, as EU leaders awaited a new pro…Wed Jun 20 2012 - 01:00
Creation of European banking union 'pro-consumer' - BrutonTHE ESTABLISHMENT of a European banking union would be a “pro-consumer” move but care should be taken to avoid isolating Britain…Tue Jun 19 2012 - 01:00
Merkel under fresh pressure to step up EU crisis responseGERMAN CHANCELLOR Angela Merkel is facing fresh pressure from world leaders to step up Europe’s response to the debt crisis as…Tue Jun 19 2012 - 01:00
Pro-bailout parties on course for Greek election victoryGREEK CENTRE-RIGHT leader Antonis Samaras was on course last night to seize a tight victory in a crucial election rerun, a result…Mon Jun 18 2012 - 01:00
Finance ministers call for swift new Greek governmentEUROPEAN REACTION: EURO ZONE finance ministers called for the swift formation of a Greek government pledged to execute the country…Mon Jun 18 2012 - 01:00
Berlin push for fiscal union could lead to new treaty voteEUROPEAN OFFICIALS are examining a new revision of the EU treaties to create a “fiscal union” in which member states would transfer…Sat Jun 16 2012 - 01:00
Even if Greeks do not leave, EU must escape fiscal mireOPINION: Paris and Berlin are at odds as a shaky edifice must somehow solidify its crumbling unionSat Jun 16 2012 - 01:00
Germany presses for transfer of fiscal powers to EUGERMANY IS pushing to intensify the transfer of national fiscal powers to Europe in return for measures to develop a “banking…Thu Jun 14 2012 - 01:00
Cloud over Europe as Greek voters prepare next chapterEUROPEAN DIARY: Some in Athens appear set to call Brussels’s bluff on SundayThu Jun 14 2012 - 01:00
Spain insists it will continue to tap private debt marketsSPAIN REITERATED its determination to continue tapping private debt markets for day-to-day funds as financial markets delivered…Tue Jun 12 2012 - 01:00
Bailout for banks has conditions for Spanish state policyTHE GOVERNMENT is preparing to intensify its campaign to cut the cost of rescuing Anglo Irish Bank after Spain failed to secure…Tue Jun 12 2012 - 01:00
Spanish bailout conditions setback for Irish hopesTHE EUROPEAN bailout of Spain will proceed without direct aid for the country’s banks, dealing a blow to Dublin’s campaign to…Mon Jun 11 2012 - 01:00
Ministers confident Madrid will stick to targetsEU REACTION: EURO ZONE finance ministers said they were confident Spain would honour its existing fiscal commitments because…Mon Jun 11 2012 - 01:00
Spain expected to seek EU bailout for failing banksEUROPE IS on the verge of bailing out a fourth member of the single currency, as expectation intensifies that Spain will soon…Sat Jun 09 2012 - 01:00
Madrid must drop all pretence as its moment of need has arrivedANALYSIS: Spain looks set to get a limited package of aid, with money ringfenced for banks, not the stateSat Jun 09 2012 - 01:00
Spain completes key bond sale amid preparations for bank bailout planSPAIN DEFIED the gloom over its shaky finances to complete a key bond sale as discreet preparations continued for a bailout plan…Fri Jun 08 2012 - 01:00
Ireland on way back to private debt markets, says DraghiEUROPEAN CENTRAL Bank chief Mario Draghi insisted Ireland was well on its way back to private debt markets but said the vote …Thu Jun 07 2012 - 01:00
ECB resists pressure to reduce interest rateTHE EUROPEAN Central Bank pushed back against the clamour for more emergency interventions to contain the sovereign debt crisis…Thu Jun 07 2012 - 01:00
Some in Brussels fear euro zone crisis moment approachingEUROPEAN DIARY: While EU leaders breathed a sigh of relief at the Irish vote there is still huge uncertainty and the next few…Thu Jun 07 2012 - 01:00
Spain admits it needs external aid for its banksSPAIN EDGED closer to an international bailout after the country declared it will need emergency aid from Europe to rescue its…Wed Jun 06 2012 - 01:00
EU Commission unveils proposals on bondholder 'bail-ins' for banksTHE EUROPEAN Commission unveils draft legislation today that will give member states the power to impose bank bailout costs on…Wed Jun 06 2012 - 01:00
