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Eurozone

Eurozone

The name given to the 16 EU countries who have adopted the Euro as their sole currency. The European Central Bank is responsible for the monetary policy of the Eurozone.

# eurozone - Thursday 21 March, 2013

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.

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.

# eurozone - Wednesday 20 March, 2013

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.

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.

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.

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.

# eurozone - Tuesday 19 March, 2013

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.

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”.

# eurozone - Monday 18 March, 2013

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.

# eurozone - Saturday 16 March, 2013

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.

# eurozone - Friday 15 March, 2013

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.

# eurozone - Wednesday 6 March, 2013

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.

# eurozone - Friday 1 March, 2013

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.

# eurozone - Tuesday 19 February, 2013

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.

# eurozone - Thursday 14 February, 2013

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.

# eurozone - Sunday 10 February, 2013

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.

# eurozone - Monday 4 February, 2013

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.

# eurozone - Monday 28 January, 2013

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?

# eurozone - Thursday 24 January, 2013

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.

# eurozone - Wednesday 23 January, 2013

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?

# eurozone - Tuesday 22 January, 2013

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.

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.

# eurozone - Monday 21 January, 2013

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.

# eurozone - Sunday 20 January, 2013

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.

# eurozone - Tuesday 15 January, 2013

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.

# eurozone - Tuesday 8 January, 2013

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.

# eurozone - Saturday 5 January, 2013

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.

# eurozone - Friday 4 January, 2013

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.

# eurozone - Thursday 3 January, 2013

The Economist calls for ‘helping hand’ for the Irish

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

# eurozone - Thursday 27 December, 2012

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…

# eurozone - Wednesday 26 December, 2012

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

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.

# eurozone - Monday 24 December, 2012

From The Score 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.

# eurozone - Saturday 22 December, 2012

Fiscal Compact will enter into force on 1 January 2013

Finland delivered its instrument of ratification yesterday.

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?

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.