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#European Central Bank

# european-central-bank - Today’s News

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# european-central-bank - Thursday 26 April, 2012

In full: The Troika’s statement after the latest bailout review

The full text of a statement circulated by the European Commission, European Central Bank and International Monetary Fund.

From TheJournal.ie As it happened: Howlin and Noonan on the Troika’s sixth review of the bailout Bailout

As it happened: Howlin and Noonan on the Troika’s sixth review of the bailout

The Troika has completed the sixth review of Ireland’s bailout programme and the Minister for Finance and Minister for Public Expenditure and Reform briefed the press earlier today.

In full: Ireland ‘successfully concludes’ latest EU-IMF review

The full text of a statement issued this lunchtime by Michael Noonan and Brendan Howlin after the sixth Troika inspection.

From TheJournal.ie Troika to deliver verdict on bailout as programme reaches halfway point Bailout

Troika to deliver verdict on bailout as programme reaches halfway point

Officials from the EC, IMF and ECB are expected to give Ireland the thumbs up on its bailout.

# european-central-bank - Wednesday 25 April, 2012

ECB president: ‘No plans to make a deal on promissory notes’

Mario Draghi tells Gay Mitchell there’s no deal – and is warned that the EU is only “slightly more popular than the measles”.

# european-central-bank - Wednesday 11 April, 2012

From TheJournal.ie The 5 at 5: Wednesday 5 At 5

The 5 at 5: Wednesday

5 stories, 5 minutes, 5 o’clock…

ECB may re-enter bond markets after Italian auction flops

Investors declined the opportunity to buy short-term Italian bills this morning, seeing interest rates double from last month.

# european-central-bank - Wednesday 4 April, 2012

ECB president: ‘Utmost importance’ that Ireland continues promissory note repayments

Mario Draghi expects Ireland to keep up its annual repayments of the promissory note, dodging questions about a larger deal.

# european-central-bank - Sunday 1 April, 2012

German central bank ‘to stop taking Irish bonds as collateral’

A German newspaper report says the Bundesbank won’t take Irish, Greek or Portuguese bonds from banks any more.

# european-central-bank - Saturday 31 March, 2012

Explainer: What’s reportedly being discussed in talks on Ireland’s bank debt?

RTÉ says Ireland’s banks could be given bonds by the EFSF, which could then be used to go to the ECB and get funds.

# european-central-bank - Thursday 29 March, 2012

From TheJournal.ie Confirmed: Noonan announces deal on promissory notes Promissory Notes

Confirmed: Noonan announces deal on promissory notes

The government had been in negotiations for some time with the European Central Bank over the €3.1 billion note which was due to be paid by this Saturday.

# european-central-bank - Tuesday 27 March, 2012

From TheJournal.ie Central Bank governor before Oireachtas Finance Committee today Honohan

Central Bank governor before Oireachtas Finance Committee today

Patrick Honohan is due to answer questions over the Anglo Irish promissory note repayment and the emergency liquidity provided to banks during the crisis.

# european-central-bank - Thursday 22 March, 2012

ECB set to discuss Irish deal on promissory note

Bloomberg reports Patrick Honohan will formally ask the ECB’s permission today to restructure Ireland’s promissory notes deal.

# european-central-bank - Wednesday 21 March, 2012

From TheJournal.ie Noonan outlines possible changes to promissory note deal Promissory Notes

Noonan outlines possible changes to promissory note deal

The Finance Minister has told the Dáil that the €3.1 billion repayment due next week could be converted to a long-term bond instead.

# european-central-bank - Monday 12 March, 2012

From TheJournal.ie Troika deal could move tracker mortgages to IBRC – Noonan Banks

Troika deal could move tracker mortgages to IBRC – Noonan

The minister for finance tells RTÉ that loss-making mortgages could be taken off the books of AIB and Permanent TSB,

# european-central-bank - Thursday 8 March, 2012

At least someone’s making money: ECB profits quadrupled last year

A ballooning balance sheet and bigger roles in the bond markets meant the ECB turned profits of €728m, up from €171m.

LIVE: ECB president Mario Draghi’s press conference in Frankfurt ECB

LIVE: ECB president Mario Draghi’s press conference in Frankfurt

Mario Draghi will give a press conference at 1:30pm following a meeting where Anglo’s promissory notes were up for discussion.

ECB leaves main interest rate unchanged at 1 per cent ECB

ECB leaves main interest rate unchanged at 1 per cent

As expected, the monthly meeting of the ECB’s governing council decides not to tinker with the main interest rates.

# european-central-bank - Wednesday 7 March, 2012

Honohan set to make case to ECB for deal on Anglo promissory notes

The ECB’s monthly meeting of central bank governors will give Patrick Honohan a chance to explain the need to strike a deal.

# european-central-bank - Friday 2 March, 2012

Deja vu: ECB gives banks new money – and banks save it in the ECB ECB

Deja vu: ECB gives banks new money – and banks save it in the ECB

Overnight deposits in the ECB surged to their highest ever, just a day after it issued €529 billion to boost credit markets.

# european-central-bank - Wednesday 29 February, 2012

ECB pumps €529bn of new cash into European banking system ECB

ECB pumps €529bn of new cash into European banking system

The second round of unusually lengthy lending sees the ECB lend €529bn to banks, hoping the cash will be passed onward.

# european-central-bank - Tuesday 28 February, 2012

S&P downgrades Greece into ‘selective default’ territory

The ratings agency demonstrates it can read, by officially acknowledging that Greece’s bond-swap is a ‘selective default’.

# european-central-bank - Tuesday 21 February, 2012

ECB steers clear of bond-buying for first time since August

Last week marked the first time in six months that the European Central Bank didn’t intervene in the sovereign bond markets.

# european-central-bank - Thursday 9 February, 2012

ECB interest rates remain unchanged ECB

ECB interest rates remain unchanged

ECB head Mario Draghi said that there are “tenatative” signs of stabilisation in the eurozone.

# european-central-bank - Monday 23 January, 2012

From TheJournal.ie ECB affirms: Investors won’t lend to you if you burn bondholders Bondholders

ECB affirms: Investors won’t lend to you if you burn bondholders

The ECB declines to comment on Leo Varadkar’s remarks, but says its stance on Irish burden-sharing is well-known.

From TheJournal.ie Poll: Should we repay the Anglo bondholders? Your Say This post contains a poll

Poll: Should we repay the Anglo bondholders?

The government is warning that consumers will be hit if €1.25bn is not paid to senior bondholders on Wednesday but others think the government should default. What do you think?

From TheJournal.ie Troika warned ‘a bomb will go off’ in Dublin unless bondholders repaid Bailout

Troika warned ‘a bomb will go off’ in Dublin unless bondholders repaid

Transport Minister Leo Varadkar conveyed the strong words from the Troika partners in an interview last night.

# european-central-bank - Thursday 19 January, 2012

From TheJournal.ie IMF and ECB divided on whether Ireland should burn bondholders Troika

IMF and ECB divided on whether Ireland should burn bondholders

The IMF says burden-sharing is an option, but the ECB says it’s worried that doing so cause panic to “spill over” to Europe.

From TheJournal.ie Noonan’s emigration comments branded ‘a disgrace’ by opposition Emigration This post contains videos

Noonan’s emigration comments branded ‘a disgrace’ by opposition

Sinn Féin’s finance spokesperson Pearse Doherty has said that Michael Noonan’s comments earlier today were “deeply insulting”.

From TheJournal.ie As it happened: The Troika’s press conference on the latest bailout review Troika

As it happened: The Troika’s press conference on the latest bailout review

The European Commission, European Central Bank and International Monetary Fund discussed Ireland’s bailout progress.

From TheJournal.ie 5 things we learned at today’s bailout press conference Bailout

5 things we learned at today’s bailout press conference

There were five things worth noting from today’s press conference with Brendan Howlin and Michael Noonan. Here they are.

From TheJournal.ie As it happened: Noonan and Howlin discuss the latest Troika review Troika This post contains videos

As it happened: Noonan and Howlin discuss the latest Troika review

We liveblogged events from Government HQ as the ministers hosted a press briefing on the latest EU-IMF review of Ireland.

From TheJournal.ie Troika to deliver report on Ireland’s bailout programme Bailout

Troika to deliver report on Ireland’s bailout programme

It comes amid growing talk that Ireland will need a second bailout. One economist did not rule out such a possibility this morning.

# european-central-bank - Monday 16 January, 2012

Back with a bang: ECB bought €3.77 billion of bonds last week

After slowly winding down its programme of hoovering up eurozone debt, the ECB was called back into action in a big way.

# european-central-bank - Thursday 12 January, 2012

ECB holds main eurozone interest rate at 1 per cent ECB

ECB holds main eurozone interest rate at 1 per cent

The decision follows two successive months of cutting the bank’s main interest rate which was a welcome boost for mortgage holders.

# european-central-bank - Wednesday 4 January, 2012

European banks borrow from ECB – and then lodge the cash with the ECB again

Overnight deposits at the ECB jumped by €65bn on Monday – potentially undermining ECB efforts to get money moving again.

# european-central-bank - Monday 2 January, 2012

From TheJournal.ie ECB spending on controversial buying nears €140 billion Bonds

ECB spending on controversial buying nears €140 billion

The ECB’s continued purchases in 2011 mean the central bank now holds over €210 billion of bonds from its member countries.

# european-central-bank - Thursday 29 December, 2011

Recessions, downgrades and Super Mario – 2011: the year in money Review 2011 This post contains images

Recessions, downgrades and Super Mario – 2011: the year in money

2011 may be remembered in future as the year we sorted out the financial crisis – or the year in which it grew beyond our control.

# european-central-bank - Wednesday 28 December, 2011

Stocks slide over signs of jitters at European banks

European banks deposited a record €412 billion with the ECB overnight – showing that banks are worried about loaning money to each other.

# european-central-bank - Wednesday 21 December, 2011

ECB reports biggest-ever demand from banks for cheap loans

The ECB’s one-off round of three-year loans sees more demand than anticipated, sending stock markets down.