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Dublin: 9 °C Wednesday 22 May, 2013

ECB

# ecb - Wednesday 6 February, 2013

From Business ETC Ibrc

Chief Whip says leaking of elements of IBRC plan is ‘unfortunate’

Paul Kehoe: “The Minister for Finance has taken action to secure the stability of IBRC in the face of these leaks.”

From TheJournal.ie Promissory Note

Dáil to sit at 10:30pm to debate emergency legislation on liquidating IBRC

TDs will reconvene after 10pm tonight to discuss plans to transfer IBRC’s assets to NAMA – as part of a deal to replace the promissory notes with long-term Government bonds.

# ecb - Monday 4 February, 2013

From TheJournal.ie Wrote You A Letter

Read in full: Mario Draghi’s letter to Fianna Fáil’s Michael McGrath

The Fianna Fáil finance spokesperson has called on Michael Noonan to hold face-to-face negotiations with the European Central Bank president after he wrote to him last month.

# ecb - Sunday 3 February, 2013

From TheJournal.ie Promissory Notes

Everything you need to know about the promissory notes, but were afraid to ask

You have been and will be hearing a lot about promissory notes in the coming weeks but what’s it all about? We’ve taken your questions, come up with some of our own and asked the experts…

# ecb - Friday 1 February, 2013

From Business ETC Your Questions

Stephen Donnelly: I put your questions to the Troika. Here’s what they said

The independent Wicklow TD met the Troika today, with YOUR questions in hand. Here’s what he was told.

From TheJournal.ie Promissory Note

Technical Group to force Dáil vote on promissory note repayment

15 TDs, led by Shane Ross, have tabled a motion calling for a public assertion that Ireland won’t make the next repayment.

# ecb - Thursday 31 January, 2013

From Business ETC ECB

Irish banks continue to wean off ECB’s funding

The latest figures show usage of the ECB’s refinancing facilities by the Irish covered banks dropped €13 billion in December.

# ecb - Wednesday 30 January, 2013

From Business ETC Promissory Notes

Noonan still chasing ‘good deal’ in promissory note talks

The finance minister says saying the deal is dead is “premature”, but vows: Ireland “is not going to default.”

# ecb - Tuesday 29 January, 2013

From TheJournal.ie Promissory Notes

Taoiseach still ‘confident’ of promissory note deal by March

Ireland is due to pay €3.06 billion in 60 days’ time – but Enda Kenny remains positive that a deal can be reached.

# ecb - Monday 28 January, 2013

From TheJournal.ie Open Thread

Open thread: What do you want to know about the promissory notes issue?

It’s back on the agenda as the Irish government seeks a deal to avoid paying back €3.06 billion due in March, but what do you want to know about those pesky promissory notes?

# ecb - Sunday 27 January, 2013

From Business ETC Promissory Notes

No agreement but bank debt deal talks will continue, Ministers insist

Leo Varadkar and Pat Rabbitte have both insisted that the discussions on reducing the burden of Ireland’s bank debt will continue despite a report that the ECB had rejected a key Irish government proposal.

From Business ETC Promissory Notes

Failure on debt deal would have ‘catastrophic effect on Ireland’ – Tánaiste

Tánaiste Eamon Gilmore will address world leaders – including Angela Merkel – in Chile today as hopes for a deal on Ireland’s bank debt took a blow last night and the opposition criticised the government’s lack of openness.

# ecb - Saturday 26 January, 2013

From Business ETC Promissory Notes

Report: ECB rules out long-term bond to replace promissory note

Reuters cites ECB sources as saying the proposal was discussed this week – and ruled out as being illegal under EU treaties.

# ecb - Friday 25 January, 2013

From Business ETC Banking

Belgian KBC to pay back €8.3bn in ECB loans

The bank says it will soon reimburse money borrowed in exceptional ECB long-term lending operations, owing to improvements in the credit markets and its own cash position.

# ecb - Saturday 19 January, 2013

From TheJournal.ie Prime Numbers

Gas, Gardaí and Tiny Dancers: The week in numbers

Just how popular IS the DublinBikes system? And how many spheres does a sex toy need to win approval from the ECJ?

# ecb - Thursday 17 January, 2013

From Business ETC Bailout

ECB borrowing by Irish banks at lowest level since September 2008

Having reached its peak immediately after the bailout November 2010, the share of the total ECB funding by banks is now 6.3 per cent.

# ecb - Thursday 10 January, 2013

From TheJournal.ie New Banknotes

The €5 note is getting a facelift in May

The new €5 banknote is the first in the new ‘Europa series’, featuring the image of the figure from Greek mythology.

# ecb - Wednesday 19 December, 2012

From TheJournal.ie Opinion

Column: What would it take for Ireland to escape the Anglo promissory note?

Pat Rabbitte has said Ireland won’t make the €3billion payment. But the real situation is much bleaker, writes Sarah McCabe.

# ecb - Tuesday 18 December, 2012

From TheJournal.ie Finally

Greece to receive full EU-IMF bailout funds by Wednesday after long delay

Greece will receive €16 billion to recapitalise its banks as part of the deal.

# ecb - Sunday 16 December, 2012

From Business ETC Your Say This post contains a poll

Poll: Will the government get a deal on promissory notes?

There have been disputes in cabinet over who gets to say what – but at the end of day, will we get a deal?

# ecb - Thursday 13 December, 2012

From Business ETC At Last

European leaders agree on bank supervision

The deal comes after overnight talks, during which German Minister Wolfgang Schauble backed down on earlier objections.

# ecb - Saturday 1 December, 2012

From Business ETC 1000 Words

Silly diagram does a great job explaining what’s wrong with the Eurozone

The Eurozone house of cards has a solid roof – but the foundations are very rocky.

# ecb - Sunday 11 November, 2012

From TheJournal.ie Interview

Dublin Lord Mayor: “I have a professional disregard for the legal classes”

The Lord Mayor of Dublin, Councillor Naoise Ó Muirí, reflects on his first four months in the position, and why he feels it’s his duty to say what’s on his mind.

# ecb - Thursday 8 November, 2012

From TheJournal.ie Euro

Euro banknotes to be redesigned with image of Greek ‘Europa’

The €5 note will be the first to get a facelift, with Europa’s face in the watermark and hologram.

# ecb - Sunday 28 October, 2012

From Business ETC Budget Boss

ECB chief backs plans for EU to get veto on national budgets

Mario Draghi has told Der Spiegel he ‘completely supported’ giving the European Commission power to veto budgets.

# ecb - Thursday 25 October, 2012

From TheJournal.ie Take 5

The 5 at 5: Thursday

5 minutes, 5 stories, 5 o’clock…

From Business ETC IMF

IMF tells Europe: ‘Deliver on your promises or Ireland is at risk’

The head of the IMF’s mission to Ireland says selling a share in the banks to the ESM is a good idea for everybody.

From TheJournal.ie Bailout

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

Are the Troika still happy with Ireland’s progress? Let’s find out…

From Business ETC Bailout

Troika completes eighth review of Ireland

Ministers Noonan and Howlin to read out Ireland’s latest report card at noon today. Any guesses at what grade we’ll get?

# ecb - Tuesday 9 October, 2012

From Business ETC Busted

Mario Draghi and his VP caught joking on mic

They won’t move the markets with their words, it seems.

# ecb - Monday 8 October, 2012

From Business ETC Eurozone

Portugal criticises tardy European Central Bank

The ECB “arrived late” to attend to the debt crisis in the eurozone, accuses Portuguese president Anibal Cavaco Silva.

# ecb - Thursday 4 October, 2012

From Business ETC Interest Rates

ECB leaves main interest rate unchanged at 0.75 per cent

The benchmark interest rate has been left untouched by the European Central Bank.

# ecb - Wednesday 3 October, 2012

What’s a re-integration programme? Pietersen set for England return after ECB deal

England’s Kevin Pietersen has apologised to Andrew Strauss for sending provocative texts during the summer tests against South Africa.

From TheJournal.ie Mortgages

AIB to increase mortgage interest rates by 0.5pc

AIB’s move, coming a week after Bank of Ireland, adds €56.50 per month to a 25-year mortgage worth €250,000.

# ecb - Tuesday 25 September, 2012

From Business ETC Mortgages

Bank of Ireland raises mortgage interest rates by 0.5pc

Mortgage holders have been written to in the last days informing them of an increase in rates from late next month.

# ecb - Thursday 20 September, 2012

From Business ETC Mortgage Arrears

One in 5 mortgages will default by 2013

County by county survey shows that there are still “substantial losses to be realised on irish residential mortgage loans”.

# ecb - Saturday 15 September, 2012

From Business ETC Europe

European-wide bank supervision plans ruled out by Sweden

Meanwhile, mass anti-austerity protests have filled central Madrid.

# ecb - Friday 14 September, 2012

From Business ETC El Bailout?

ECB, IMF ‘in talks over €300bn Spanish bailout’ – report

A Dutch newspaper quotes an insider as saying informal talks for a full-blown sovereign bailout are underway.

# ecb - Tuesday 11 September, 2012

From TheJournal.ie Property Tax

Property tax will only apply for half of 2013 – Hayes

The junior finance minister tells Newstalk that people “shouldn’t overreact” to the IMF’s suggestions on a 0.5% tax.

# ecb - Monday 10 September, 2012

From TheJournal.ie Tensions

IMF: We want property tax of 0.5 per cent. Noonan: Nope, not happening.

OH, IT’S ON (well, kind of. It’s all very civil).