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 - Tuesday 21 May, 2013
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
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
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
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
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.
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
It’s taken two months, but Italy has (finally) unveiled its new government
These things take time.
# eurozone - Tuesday 16 April, 2013
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
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.
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.
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
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
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
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.
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.
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’
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
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
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
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.
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