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Dublin: 2 °C Sunday 23 November, 2014

#Eurozone

# 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.

Eurozone finance ministers to meet in Brussels on Cyprus crisis

Ministers will hold a last-ditch meeting to decide whether Cyprus will get a bailout – or be forced to leave the euro.

# eurozone - Saturday 23 March, 2013

Merkel ally admits European authorities underestimated Cyprus ‘mess’ Cyprus This post contains videos

Merkel ally admits European authorities underestimated Cyprus ‘mess’

Elmar Brok, the chair of the European Parliament’s Foreign Affairs Committee, has admitted he can foresee a situation where Cyprus could exit the single currency and said that authorities underestimated the current situation there.

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.

# 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?