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Dublin: 6 °C Saturday 22 February, 2020

#Eurozone

From TheJournal.ie Cyprus president prepares for Brussels as parties debate 25pc deposit tax Cyprus

Cyprus president prepares for Brussels as parties debate 25pc deposit tax

The Troika are in Cyprus for intensive talks, while Nicos Anastasiades could yet lead a delegation to Brussels this afternoon.

From TheJournal.ie Eurogroup ready to discuss new Cyprus proposal Cyprus

Eurogroup ready to discuss new Cyprus proposal

The group reaffirmed the importance of fully guaranteeing deposits below €100,000 in the EU.

From TheJournal.ie UPDATE: Cyprus to create ‘solidarity fund’ Crisis

UPDATE: Cyprus to create ‘solidarity fund’

The country’s president said a decision must be made today. Meanwhile, the Finance Minister remains in Russia for negotiations.

From TheJournal.ie Cyprus president demands bailout decision on Thursday Cyprus

Cyprus president demands bailout decision on Thursday

Earlier today the European Commission said it is up to the Cypriot government now to present an alternative scenario for the bailout.

From TheJournal.ie Brussels: 'It's up to Cyprus to come up with a revised bailout deal' Cyprus

Brussels: 'It's up to Cyprus to come up with a revised bailout deal'

The European Commission says there’s nothing else it can do if the Cypriot parliament won’t approve the bailout it offered.

From TheJournal.ie Cyprus minister: Troika rejects our Plan B, and banks might never re-open REJECTED!

Cyprus minister: Troika rejects our Plan B, and banks might never re-open

The interior minister says the Troika has rejected alternative options put forward by Cyprus for securing its €10 billion loan.

From TheJournal.ie Cyprus turns to Russia for help after MPs reject deposit tax Cyprus

Cyprus turns to Russia for help after MPs reject deposit tax

While President Nicos Anastasiades meets party leaders at home, the finance minister heads to Moscow with cap in hand.

From TheJournal.ie Cyprus MPs overwhelmingly reject tax on deposits Bailout

Cyprus MPs overwhelmingly reject tax on deposits

Thirty six voted against it, while there were 19 abstentions.

From TheJournal.ie Cyprus to exempt small savers from deposit tax ahead of crucial vote Debt Crisis

Cyprus to exempt small savers from deposit tax ahead of crucial vote

Accounts with balances under €20,000 will be exempted from a controversial levy if it is approved by MPs today.

From TheJournal.ie Kenny speaks of Ireland's 'indomitable spirit' ahead of shamrock ceremony Shamrock Ceremony

Kenny speaks of Ireland's 'indomitable spirit' ahead of shamrock ceremony

Kenny said that the Irish people had accepted the “huge sacrifices we’ve asked of them”.

From TheJournal.ie Cyprus postpones crucial vote on unpopular bailout until Tuesday Controversial

Cyprus postpones crucial vote on unpopular bailout until Tuesday

The president is trying to get parliamentarians to back the bailout deal that slaps a hugely unpopular levy on bank savings.

From TheJournal.ie Bank deposits hit as EU/IMF bailout for Cyprus agreed Cyprus

Bank deposits hit as EU/IMF bailout for Cyprus agreed

Deposits in Cypriot banks will be hit with a one-off levy of 6.75 per cent with those with over €100,000 in banks hit with a 9.9 per cent levy under the €10 billion bailout proposal.

From TheJournal.ie Eurozone finance ministers consider Cyprus bailout European Union

Eurozone finance ministers consider Cyprus bailout

The meeting of finance ministers will follow day two of a summit by EU leaders which will focus on the Syrian crisis.

From TheJournal.ie Eurozone sinks further into recession in last quarter of 2012 Recession

Eurozone sinks further into recession in last quarter of 2012

Figures from Eurostat confirm initial estimates in February that the eurozone economy shrank by 0.6 per cent in Q4 of 2012 with the EU shrinking by 0.5 per cent.

From TheJournal.ie Over 26 million people unemployed across the EU Unemployment

Over 26 million people unemployed across the EU

Meanwhile, eurozone unemployment hit a record 11.9 per cent in January with just under 19 million now out of work in the 17-member bloc.

From TheJournal.ie Sold: Government confirms sale of Irish Life for €1.3 billion Sold

Sold: Government confirms sale of Irish Life for €1.3 billion

The government has finally sold off the life and pensions arm of Irish Life and Permanent which was split from Permanent TSB after it required a €4 billion bailout in 2011.

From TheJournal.ie Eurozone economy shrinks by 0.6pc in last quarter of 2012 Ouch

Eurozone economy shrinks by 0.6pc in last quarter of 2012

Uh-oh. A dramatic drop in the Eurozone economy spells bad news for hopes of a further boom in Irish exports.

From TheJournal.ie EU 'fears' Berlusconi's return to power: Monti Italy

EU 'fears' Berlusconi's return to power: Monti

Italy’s outgoing Prime Minister has expressed fears over Silvio Berlusconi’s potential negative effect on the euro, should his party win this month’s election.

From TheJournal.ie Gilmore: This is a critical time for discussion on promissory notes Promissory Notes

Gilmore: This is a critical time for discussion on promissory notes

The Tánaiste said that the future of the Irish government is a matter for the Irish government and the Irish people.

From TheJournal.ie Taoiseach in Brussels for European budget talks Debt Crisis

Taoiseach in Brussels for European budget talks

He is joining the other three Presidents of the EU – Herman Van Rompuy, José Manuel Barroso and Martin Schulz.

From TheJournal.ie Poll: Do you think the global economic crisis is over? Your Say This post contains a poll

Poll: Do you think the global economic crisis is over?

Most of those attending the World Economic Forum in Davos last week reckoned the four-year crisis is over, but what do you think?

From TheJournal.ie Fewer than one in ten people trust business and government leaders Trust

Fewer than one in ten people trust business and government leaders

Levels of trust in media of 45 per cent and NGOs of 63 per cent both rose by 10 percentage points in 2012.

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 11 EU nations get go-ahead for 'Robin Hood tax', Ireland not among them Financial Transaction Tax

11 EU nations get go-ahead for 'Robin Hood tax', Ireland not among them

Concerns about jobs at the IFSC are among the reasons that Ireland has not signed up to implementing a levy on financial transactions despite Greece, Portugal, Italy, Spain, Germany and France all doing so.

From TheJournal.ie Poll: Should Ireland hold a referendum on EU membership? Your Say This post contains a poll

Poll: Should Ireland hold a referendum on EU membership?

Today British Prime Minister David Cameron said there would be a referendum on EU membership in the UK in 2017. Do you think we should have one too?

From TheJournal.ie Column: What would it mean for Ireland if the UK left Europe? Opinion

Column: What would it mean for Ireland if the UK left Europe?

The British Prime Minister hopes to negotiate fundamental changes in his country’s membership of the European Union, but this would have profound consequences for this island, writes James Kilcourse.

From TheJournal.ie Eurozone finance ministers agree to examine Ireland's loan repayments Bailout

Eurozone finance ministers agree to examine Ireland's loan repayments

The deal has been hailed by finance minister Michael Noonan as having the potential to save Ireland billions of euro.

From TheJournal.ie Noonan arrives in Brussels for key talks on aid for banks Eurogroup

Noonan arrives in Brussels for key talks on aid for banks

Michael Noonan will chair tomorrow’s meeting of EU finance ministers; today’s Eurogroup meeting will elect a new head.

From TheJournal.ie Voters in Austria likely to maintain compulsory military service Austria

Voters in Austria likely to maintain compulsory military service

Austria looks set to remain one of the few European countries with compulsory military service as voters go to the polls in a referendum being held today.

From TheJournal.ie Column: How much has Ireland paid for the EU banking crisis? Opinion

Column: How much has Ireland paid for the EU banking crisis?

Ireland has been declared a ‘special case’ by Angela Merkel – and these figures show exactly why, writes Michael Taft.

From TheJournal.ie Over 26 million people unemployed across the EU Jobless

Over 26 million people unemployed across the EU

The unemployment rate in the EU remains at 10.7 per cent but, at 11.8 per cent, it is much higher across just the euro area.

From TheJournal.ie Kenny to address meeting of Merkel's Bavarian sister party Next Stop Munich

Kenny to address meeting of Merkel's Bavarian sister party

The Taoiseach is in Munich to address a meeting of the Christian Social Union, the regional sister party of the CDU.

From TheJournal.ie Merkel kicks off campaign, highlights economic strength Germany

Merkel kicks off campaign, highlights economic strength

The German Chancellor’s party faces a tough battle in the upcoming Lower Saxony state vote.

From TheJournal.ie Cost of living in the Eurozone rose by 2.2pc in 2012 Inflation

Cost of living in the Eurozone rose by 2.2pc in 2012

The EU’s Harmonised Index of Consumer Prices shows inflation at 2.2 per cent, its lowest annual rate in six months.

From TheJournal.ie The Economist calls for 'helping hand' for the Irish Dawn In The West

The Economist calls for 'helping hand' for the Irish

“There are a couple of ways in which Mrs Merkel could help Ireland.”

From TheJournal.ie Worst of the euro crisis is 'behind us', says German finance minister Good News

Worst of the euro crisis is 'behind us', says German finance minister

HURRAH! Break out the champagne and foie gras…

From TheJournal.ie First Irish TV, Titanic, a famous ceiling: the big anniversaries of 2012 Review 2012 This post contains videos

First Irish TV, Titanic, a famous ceiling: the big anniversaries of 2012

The Titanic disaster, the Cuban Missile Crisis, and the Anglo-Irish Treaty: 2012 has been a big year for commemorations. Here’s your guide to the bigger commemorations held this year.

From The42 I was there... for Cork's hard-fought 0-0 draw with St Pat's Recollection

I was there... for Cork's hard-fought 0-0 draw with St Pat's

The Airtricity League tie may not have been the most glamorous of events, but it was well worth attending nonetheless, writes Paul Fennessy.

From TheJournal.ie Fiscal Compact will enter into force on 1 January 2013 Eurozone

Fiscal Compact will enter into force on 1 January 2013

Finland delivered its instrument of ratification yesterday.

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?