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#Euro Crisis

From TheJournal.ie Anglo Tapes: 'If Central Bank did have access to contents, what the hell was it doing?' – McDonald Anglo Tapes

Anglo Tapes: 'If Central Bank did have access to contents, what the hell was it doing?' – McDonald

An Oireachtas banking inquiry is needed to identify individual wrongdoing and system failures – as well as to establish the behaviour of the Central Bank before and after the economic collapse, TDs have said today.

From TheJournal.ie Column: Here's how to protect your bank deposits in this unsettled economy Opinion

Column: Here's how to protect your bank deposits in this unsettled economy

Many sensible individuals are now rightly worried about the security of their savings and investments, writes David Quinn who says diversification is key.

From TheJournal.ie Spain unemployment rate shoots to 26 per cent EU

Spain unemployment rate shoots to 26 per cent

An extra 187,300 people have joined Spain’s jobless queue – bringing the total to 5.97 million people.

From TheJournal.ie Poll: Do you think the jobs crisis has reached its peak? Your Say This post contains a poll

Poll: Do you think the jobs crisis has reached its peak?

A Eurobarometer survey says just over half of us think the worst is yet to come. Really?

From TheJournal.ie Two-thirds of Irish people want to keep the euro The Euro

Two-thirds of Irish people want to keep the euro

That, however, is a drop in confidence in the single currency on the last Eurobarometer survey.

From TheJournal.ie IMF calls for full EU banking union to counter crisis Euro Crisis

IMF calls for full EU banking union to counter crisis

Dealing with problems on a country by country basis not working, says IMF.

From TheJournal.ie Vodafone makes €2.4bn loss on southern European woes Vodafone

Vodafone makes €2.4bn loss on southern European woes

Mobile giant blames tough trading conditions in southern Europe for losses.

From TheJournal.ie Portugal criticises tardy European Central Bank Eurozone

Portugal criticises tardy European Central Bank

The ECB “arrived late” to attend to the debt crisis in the eurozone, accuses Portuguese president Anibal Cavaco Silva.

From TheJournal.ie Hollande and Merkel buddy up for anniversary talks as Euro, EADS loom Besties

Hollande and Merkel buddy up for anniversary talks as Euro, EADS loom

The European leaders met today to mark the seminal 1962 speech made by Charles de Gaulle famed for opening a new chapter in relations between France and Germany.

From TheJournal.ie German court set to rule on whether Germany can sign the ESM into law Fiscal Compact

German court set to rule on whether Germany can sign the ESM into law

The court will rule tomorrow morning whether the president can sign the ESM into law or not.

From TheJournal.ie Michael Noonan set to meet with EU finance ministers Eurozone

Michael Noonan set to meet with EU finance ministers

The Finance Minister is expected to discuss plans to ease austerity on bailout countries in meetings in Paris, Berlin and Rome next week.

From TheJournal.ie Italy's electoral law increases market fears Italy

Italy's electoral law increases market fears

The current system allows party leaders to pick and choose the list of candidates the electorate can vote for and guarantees a strong majority in parliament for the winning party.

From TheJournal.ie Head of Bundesbank says ECB bond buying is "like a drug" Bonds

Head of Bundesbank says ECB bond buying is "like a drug"

In the latest sign of a growing rift within the ECB, Jens Weidman criticised the ECB chief’s policies on buying member state bonds to drive down borrowing costs.

From TheJournal.ie Taking advice from the Germans? Greece ready to sell off uninhabited islands Big Fat Greek Sale

Taking advice from the Germans? Greece ready to sell off uninhabited islands

The Greek prime minister has told Le Monde that the beleaguered country is ready to sell some islands – something that two German MPs told them to do two years ago.

From TheJournal.ie Major French bank predicts next moves for Europe Euro Crisis

Major French bank predicts next moves for Europe

Ahead of crunch talks between major country leaders and 6 September ECB meeting, Société Générale economist has some predictions: including possibly unlimited ECB bond-buying.

From TheJournal.ie Is the ECB about to uncork a game-changer? Euro Crisis

Is the ECB about to uncork a game-changer?

A Euro-skeptic columnist at the Daily Telegraph insists that Der Spiegel is correct in saying the ECB wants to cap borrowing costs for Spain and Italy.

From TheJournal.ie Europe sleepwalking to economic disaster, say experts Euro Crisis

Europe sleepwalking to economic disaster, say experts

“Euro will disintegrate” unless there is “significant burden sharing” between member states, warn economic experts.

From TheJournal.ie Finland flags Euro exit Euro Exit

Finland flags Euro exit

Finance Minister says that it would consider leaving euro rather than paying for the debts of another country.

From TheJournal.ie Campaign group proposes €15bn stimulus to 'bust myth that austerity works' Plan B This post contains videos

Campaign group proposes €15bn stimulus to 'bust myth that austerity works'

Claiming our Future says its plan works within the bailout agreement but has admitted its proposals are not fully-formed as yet.

From TheJournal.ie Five days after he was appointed, Greek finance minister resigns 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 TheJournal.ie Incoming Greek finance minister hospitalised after 'fainting' Greece

Incoming Greek finance minister hospitalised after 'fainting'

Vassilis Rapanos was reportedly hospitalised with strong stomach pains, vertigo, nausea, sweating and fatigue earlier today.

From TheJournal.ie Merkel: German money will not save Europe Euro Crisis

Merkel: German money will not save Europe

Chancellor says that countries need to cut debt, not print more money through the issuance of Eurobonds.

From TheJournal.ie IMF releases €1.4bn of bailout money to Ireland, warns of slowing growth Bailout

IMF releases €1.4bn of bailout money to Ireland, warns of slowing growth

So far so good according to the International Monetary Fund, one of our three bailout partners.

From TheJournal.ie Iceland ex-PM convicted on 1 of 5 bank charges Iceland

Iceland ex-PM convicted on 1 of 5 bank charges

Geir Haarde has been found guilty of one of the charges against him – however he will face no punishment and the state will pay his expenses in defending the case.

From TheJournal.ie Imperfect 10: The euro was introduced a decade ago today Euro This post contains videos This post contains images

Imperfect 10: The euro was introduced a decade ago today

It came in with a bang – will it end with a whimper?

From TheJournal.ie 20 banks that are praying Europe doesn't go bust Stressed

20 banks that are praying Europe doesn't go bust

AIB and Bank of Ireland are in this list from Business Insider which ranks them the first and seventh most exposed banks in Europe.

The picture that sums up the situation in Europe right now? EU

The picture that sums up the situation in Europe right now?

We’re sure this image from outside the ECB Occupy Frankfurt was not an omen…

From TheJournal.ie “We are not printing punts” – Central Bank responds to WSJ ‘printing press’ report Punt Nua?

“We are not printing punts” – Central Bank responds to WSJ ‘printing press’ report

The Wall Street Journal’s people-in-the-know say the Central Bank of Ireland is evaluating whether it needs new printing presses.

From TheJournal.ie Poll: Do you think the euro will collapse? Your Say This post contains a poll

Poll: Do you think the euro will collapse?

After another turbulent week for the single currency we’re asking the big question today as to whether or not you think the euro can survive?

From TheJournal.ie Martin says there's weeks to save the euro amid reports of French-German split Eurozone

Martin says there's weeks to save the euro amid reports of French-German split

Micheál Martin has been critical of France and Germany’s role in the eurozone amid reports the region’s two largest economies are split on the role of the European Central Bank.

From TheJournal.ie Papandreou struggles to end political deadlock Euro Crisis

Papandreou struggles to end political deadlock

The Greek Prime Minister struggled to form a temporary coalition government today – saying that move is vital for demonstrating the country’s commitment to remaining in the eurozone.

From TheJournal.ie EU leaders strike 'comprehensive' debt deal after hours of talks Eurozone

EU leaders strike 'comprehensive' debt deal after hours of talks

Greek debt will be written down by 50 per cent, with the EU bailout fund boosted to around €1trillion.

Is Alessio Rastani actually one of The Yes Men? [Update: They say he's not] Yes Man? This post contains a poll

Is Alessio Rastani actually one of The Yes Men? [Update: They say he's not]

‘Culture jamming’ group The Yes Men say independent trader Alessio Rastani isn’t a member – and that they think he’s genuine.

From TheJournal.ie WATCH: BBC newsreader stunned as trader predicts wipe-out of savings Debt Crisis This post contains videos

WATCH: BBC newsreader stunned as trader predicts wipe-out of savings

Independent trader Alessio Rastani says he and his colleagues look forward to downward markets. The BBC is stunned.

From TheJournal.ie Obama: Euro crisis is 'scaring the world' Euro Crisis

Obama: Euro crisis is 'scaring the world'

The US president says European leaders have not been acting quickly enough to solve the crisis – and that the world is suffering.

From TheJournal.ie Merkel warns against Greek default - but says 'firewall' is needed Greece

Merkel warns against Greek default - but says 'firewall' is needed

A ‘firewall’ is needed in order to stop Euro members falling like dominoes, Angela Merkel says – though Greece is sustainable for now.

From TheJournal.ie German opposition to back Merkel over Greece Germany

German opposition to back Merkel over Greece

The centre-left Social Democratic Party said that it would back German Chancellor Angela Merkel in her plan to impose a “Marshall Plan” for debt-laden Greece.

From TheJournal.ie Emergency EU meeting amid fears Italy could be next in crisis Euro Crisis

Emergency EU meeting amid fears Italy could be next in crisis

Herman Van Rompuy has called top officials together for talks as the markets show jitters over Italian government debt.

From TheJournal.ie Euro rallies after Spain offloads new bonds Bond Markets

Euro rallies after Spain offloads new bonds

Is the Eurozone debt crisis dying? Spain’s bond yields might be up, but the Euro is picking up speed afterward.

From TheJournal.ie ECB expected to announce new debt-crisis measures Euro Crisis

ECB expected to announce new debt-crisis measures

Speculation is growing that the European Central Bank may increase its bond-buying programme in an attempt to fortify the eurozone.