Business ETC uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Click here to find out more »
Dublin: 4 °C Sunday 1 March, 2015

#Eurozone

# eurozone - Today’s News

SPONSORED

# eurozone - Monday 1 July, 2013

Over 26 million people in the EU were unemployed last month

Compared with May last year, the rate of unemployment has increased in 17 member states and fallen in ten.

# eurozone - Monday 24 June, 2013

Debt deals mean we’re borrowing €20bn less in next decade – Noonan

The finance minister gives his formal tip-of-the-hat to the news that the two European bailout funds are delaying repayments.

Bank bondholders would be forced to take losses under Noonan plan

The Financial Times has obtained a proposal circulated by Noonan on how Eurozone banks should deal with problems in future.

Eurozone bailout fund gives Ireland seven more years to repay loans

Good news for Michael Noonan this morning…

# eurozone - Saturday 22 June, 2013

EU finance ministers fail to agree on who should pay for bank bailouts

The 27 EU ministers will meet again Wednesday to try and finalise a decision.

# eurozone - Friday 21 June, 2013

Noonan: Taxpayers put lots of money into BOI and AIB, now we could get some back

Michael Noonan has explained the significance of last night’s agreement between eurozone finance ministers about the potential retrospective recapitalisation of Ireland’s banks.

Euro finance ministers agree direct help for banks

The 17 eurozone ministers are joined today by their 10 non-euro colleagues to discuss these issues in a Bank Recovery and Resolution Directive.

# eurozone - Thursday 20 June, 2013

Noonan: Ireland will escape bailout, even if we can’t recover bank costs

The finance minister says the world recognises that Ireland’s debts are sustainable, but he won’t give up on help.

EU faces talks on bank sector reform and who should pay for future bailouts

Finance ministers are also expected to formally approve a 7-year extension on Ireland’s and Portugal’s bailout loans.

# eurozone - Friday 14 June, 2013

Cost of living rises in the eurozone but not so much in Ireland

Comparing April and May figures, annual inflation rose in 16 member states, remained stable in six and fell in four.

# eurozone - Wednesday 5 June, 2013

Latvia gets the green light to join the euro next year

Latvia will become the second Baltic country, and the 18th overall, to join the EU’s single currency.

# eurozone - Tuesday 21 May, 2013

From TheJournal.ie Oireachtas agenda: Abortion hearings, new grocery rules and leaving the euro Leinster House

Oireachtas agenda: Abortion hearings, new grocery rules and leaving the euro

The third day of abortion hearings takes place today, while the Dáil debates calls for new rules on leaving the eurozone.

# eurozone - Saturday 18 May, 2013

From TheJournal.ie Aaron McKenna: Money, Money, Must Be Funny In A Eurocrat’s World Opinion

Aaron McKenna: Money, Money, Must Be Funny In A Eurocrat’s World

Bailed-out Ireland is to contribute an additional €90 million to the European Union to help plug a shortfall in its 2013 budget. Ludicrous? Yes – but it’s hardly a blip on the radar of incongruity that is the EU’s funny money parade, writes Aaron McKenna.

# eurozone - Thursday 16 May, 2013

Eurogroup chief says Eurozone is much ‘calmer’ now than last year

Jean-Claude Juncker was comparing the Eurozone now to a year ago in Brussels.

# eurozone - Wednesday 15 May, 2013

France enters recession in first quarter

French economic growth has been sluggish lately as a result of record unemployment and falling household demand – the key driver of the economy.

# eurozone - Tuesday 14 May, 2013

From TheJournal.ie It might be time to say goodbye to those tiny cent coins Your Two Cents

It might be time to say goodbye to those tiny cent coins

The European Commission is looking at replacing one and two cent coins or getting rid of them entirely due to the costs involved in making them.

# eurozone - Saturday 4 May, 2013

From TheJournal.ie Portugal: 30,000 jobs cuts, working hours increased and pension age rises Portugal

Portugal: 30,000 jobs cuts, working hours increased and pension age rises

The cuts should save an estimated €4.8 billion by 2015.

# eurozone - Tuesday 30 April, 2013

From TheJournal.ie After two months, Italy’s finally getting a new government Italy

After two months, Italy’s finally getting a new government

The Chamber of Deputies has passed a motion of confidence in the broad coalition led by new premier Enrico Letta.

Eurozone inflation hits new low, raising prospect of ECB rate cut

The governing council of the European Central Bank meets on Thursday where it could provide a fresh boost to mortgage holders.

Record breaker: Eurozone unemployment now at 12.1 per cent

Over 19 million people are unemployed in the eurozone but Ireland has recorded one of the largest year-on-year decreases in unemployment rates.

From TheJournal.ie Central Bank governor Honohan to face TDs and senators Oireachtas

Central Bank governor Honohan to face TDs and senators

Patrick Honohan will discuss economic and monetary union with TDs and senators on the Oireachtas EU Affairs Committee this afternoon.

# eurozone - Saturday 27 April, 2013

From TheJournal.ie It’s taken two months, but Italy has (finally) unveiled its new government No Rush

# eurozone - Tuesday 16 April, 2013

From TheJournal.ie Column: Who’s next in line to be consumed by the European crisis? Opinion

Column: Who’s next in line to be consumed by the European crisis?

While other countries are showing signs of difficulty, it’s Spain’s deterioration which could bring the euro crisis to its most dangerous point, writes Tom McDonnell, who asks where Europe goes from here?

# eurozone - Friday 12 April, 2013

From TheJournal.ie Updated: EU finance ministers agree to delay repayment of Irish bailout loans Eurogroup

Updated: EU finance ministers agree to delay repayment of Irish bailout loans

All 27 EU finance ministers have now given a green light to extending the maturity of Ireland’s bailout loans by seven years.

From TheJournal.ie Cyprus eases controls on stricken banks – but keeps €300 withdrawal limit Bailout

Cyprus eases controls on stricken banks – but keeps €300 withdrawal limit

The restrictions were imposed to prevent a run on the banks during the dramatic Cyprus bailout.

From TheJournal.ie EU and Eurozone finance ministers begin two-day summit in Dublin Bailout

EU and Eurozone finance ministers begin two-day summit in Dublin

Ministers will discuss extending the repayment dates of Ireland’s loans, and the aftermath of the Cyprus bailout catastrophe.

# eurozone - Wednesday 10 April, 2013

Troika recommends ‘giving Ireland seven more years to repay loans’

Proposals seen by Reuters, to be put to ministers in Dublin this weekend, would see extra time given for Ireland and Portugal to repay.

# eurozone - Saturday 6 April, 2013

From TheJournal.ie Aaron McKenna: While the Eurozone is floundering, the US is seeing growth – but why? Opinion

Aaron McKenna: While the Eurozone is floundering, the US is seeing growth – but why?

The EU needs to either get on with integration, proper banking and political union or separate into amicable trading partners and neighbours, writes Aaron McKenna.

# eurozone - Thursday 4 April, 2013

ECB chief Draghi admits initial Cyprus bailout plan was ‘not smart’

The head of the European Central Bank was speaking as the eurozone’s central bank left interest rates unchanged at 0.75 per cent today.

# eurozone - Tuesday 2 April, 2013

Unemployed number in Eurozone highest since records here began

There is a total of 19.071 million people unemployed in the eurozone.

Irish economy starting to wilt again

Manufacturing indexes across Europe paint a stark picture this morning.

# eurozone - Monday 1 April, 2013

From TheJournal.ie Declan Ganley says need for a new political party is ‘obvious’ Political Party

Declan Ganley says need for a new political party is ‘obvious’

The Libertas founder has confirmed that he is considering establishing a new political party in Ireland.

# eurozone - Saturday 30 March, 2013

Bank of Cyprus customers could lose up to 60 per cent of savings

Senior Bank of Cyprus official Mario Skandalis confirmed the figures, although he said they had not been finalised and a final announcement was expected by Monday.

# eurozone - Friday 29 March, 2013

Cyprus president: Crisis is ‘contained’ and we won’t leave eurozone

Nicos Anastasiades has also thanked the Cypriot public for their “maturity and collectedness” as the banks reopened.

# eurozone - Thursday 28 March, 2013

From TheJournal.ie With limits on cash withdrawals, Cypriot banks reopen calmly Cyprus

With limits on cash withdrawals, Cypriot banks reopen calmly

The restrictions on withdrawals, cashing of cheques and taking money abroad will be lifted within a month, the country’s foreign minister said today.

From TheJournal.ie Cypriot banks brace for reopening with cash withdrawals capped at €300 Nicosia

Cypriot banks brace for reopening with cash withdrawals capped at €300

Armed security guards have been posted, but there was no sign of customers queuing early for access to their cash.

# eurozone - Monday 25 March, 2013

Updated: All banks in Cyprus will now stay closed until Thursday

Earlier it had been reported that all banks, aside from the country’s two biggest financial institutions, would reopen tomorrow.

Cyprus reaches last minute deal to avoid bankruptcy

A failure to reach a deal could have seen the country exit the Euro.

# eurozone - Sunday 24 March, 2013

Explainer: Your 25-point crash course on what’s happening in Cyprus

Bailouts! Deposit levies! Leaving the euro? It’s all been happening in the last ten days.

From TheJournal.ie Noonan insists: ‘We would never hit depositors in Ireland’ Cyprus

Noonan insists: ‘We would never hit depositors in Ireland’

Speaking in Brussels ahead of crunch talks on a proposed bailout for Cyprus, Finance Minister Noonan said he expected to reach a deal but that it will be a long night.