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Dublin: 8 °C Thursday 23 May, 2013
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 - Monday 9 July, 2012

From Business ETC Eurozone

Italian economy to shrink by 2 per cent this year, says Bank of Italy governor

Ignazio Visco has called for the adoption of a “new Italian spirit” in order to tackle the eurozone crisis.

# eurozone - Friday 6 July, 2012

From TheJournal.ie Angela Merkel

Angela Merkel approval rating up after EU summit

The German Chancellor’s popularity has risen to its highest level since she was re-elected in 2009.

# eurozone - Thursday 5 July, 2012

From Business ETC Greece

Greece pushing bid to renegotiate bailout terms

Antonis Samaras is hoping to renegotiate the country’s second bailout…

# eurozone - Wednesday 4 July, 2012

From TheJournal.ie Eurozone

Merkel to meet with Italian PM Monti over eurozone crisis

Monti has been a prominent advocate for growth policies, but rejected suggestions of deep differences between himself and Merkel.

# eurozone - Monday 2 July, 2012

From Business ETC Eurozone

Almost 25 million people unemployed across European Union

The unemployment rates across the eurozone and the EU27 grew by 0.1 per cent in May.

From TheJournal.ie Bank Debt

Negotiations on bank debt deal ‘best done in private’ – Hayes

Finance Minister Michael Noonan will meet with his counterparts in Brussels next week to lay out Ireland’s case for reducing the burden of Ireland’s bank debt.

From TheJournal.ie Eurozone

Government to focus on ‘fleshing out’ EU debt deal

It’s not yet clear how much of the €120billion ‘growth pact’ will come to Ireland, Alan Shatter has said.

# eurozone - Friday 29 June, 2012

From TheJournal.ie Need To Know

The Evening Fix: Friday

Things we learned, loved and shared today.

From Business ETC Stimulus

European Union leaders agree to €120 billion stimulus package

The European Investment Bank will be given more cash to lend out, while other unused funds will be redeployed.

From TheJournal.ie Your Say This post contains a poll

Poll: Are you optimistic about the eurozone debt deal?

Tánaiste Eamon Gilmore has described the agreement as a ‘game-changer’ for Ireland. So what do you think?

From TheJournal.ie Explainer

Explainer: What did the EU leaders agree overnight in Brussels?

The leaders of the Eurozone countries have agreed to allow bailout funds be used by banks. What’s it all about?

From Business ETC Debt Crisis

Gilmore says new eurozone deal is a ‘game-changer’ for Ireland

The Tánaiste has also said that it reduces the chances of Ireland needed a second bailout.

From TheJournal.ie 9 At 9

The 9 at 9: Friday

Nine things you need to know this morning…

From Business ETC Bailout

Taoiseach: Irish debt burden on the tax-payer to be ‘re-engineered’

An agreement overnight at a last minute summit in Brussels means that eurozone banks can be bailed out directly from the ESM.

# eurozone - Thursday 28 June, 2012

From Business ETC Crunchzeit

Merkel blasts ‘fake solutions’ as EU leaders head to Brussels

The German chancellor says short-term measures to stop Spain and Italy from going under won’t cut it.

From TheJournal.ie 9 At 9

The 9 at 9: Thursday

Nine things you need to know this morning…

# eurozone - Wednesday 27 June, 2012

From TheJournal.ie 9 At 9

The 9 at 9: Wednesday

Nine things you need to know this morning…

# eurozone - Tuesday 26 June, 2012

From TheJournal.ie Plan B This post contains videos

Campaign group proposes €15bn stimulus to ‘bust myth that austerity works’

Claiming our Future says its plan works within the bailout agreement but has admitted its proposals are not fully-formed as yet.

From Business ETC Downgraded

Moody’s downgrades 28 Spanish banks over debt concerns

Banks downgraded last night include one of the eurozone’s biggest – Banco Santander.

# eurozone - Monday 25 June, 2012

From TheJournal.ie Bailout

Cyprus asks for bailout from the eurozone

The Cypriot government confirmed the news this evening, citing the country’s exposure to the Greek economy.

From TheJournal.ie Greece

Five days after he was appointed, Greek finance minister resigns

Vassilis Rapanos was hospitalised last week after reportedly fainting the day after he was appointed to the finance ministry.

From Business ETC Spain

Spain formally requests €100 billion rescue loan

Spain’s government views loan offer “very favourably”, according to letter sent to Jean-Claude Juncker.

From Business ETC Eurozone

EU leaders will discuss plans to integrate national budgets – report

Reuters says a document being prepared for Brussels also discusses banking union and deeper economic integration.

From Business ETC Eurozone

France ‘needs up to €10bn to plug public deficit’, says finance minister

The French finance minister says that his country is looking for between €7bn and €10bn.

# eurozone - Saturday 23 June, 2012

From TheJournal.ie Greece

Greek coalition seeks negotiation on range of austerity measures

The measures were agreed under the country’s international bailout arrangement.

# eurozone - Friday 22 June, 2012

From TheJournal.ie Daily Fix

The Daily Fix: Friday

All the day’s main news, plus a few bits and pieces you may have missed along the way…

From Business ETC Economy

EIB president would ‘like to sort out the problems that Ireland has’

Finance minister Michael Noonan has said that there are hopes that Ireland will receive fresh funding for infrastructure projects.

From TheJournal.ie Greece

Incoming Greek finance minister hospitalised after ‘fainting’

Vassilis Rapanos was reportedly hospitalised with strong stomach pains, vertigo, nausea, sweating and fatigue earlier today.

From Business ETC Stimulus

Four biggest Eurozone countries to push for €130 billion stimulus

France, Germany, Italy and Spain agree to lobby for a €130 billion growth plan at next week’s summit in Brussels.

From TheJournal.ie Botúin

Brussels made 17 errors translating the ESM Treaty into Irish

Dáil approval was needed this week to correct 17 grammatical mistakes, and typos, in the Irish version of the Treaty.

From Business ETC Eurozone

IMF head warns of ‘acute stress’ in Europe

Christine Lagarde calls for bailout funds to be given to banks directly rather than countries being saddled with the debt – while Italy’s prime minister warns leaders have one week to save the eurozone.

From TheJournal.ie 9 At 9

The 9 at 9: Friday

Nine things to know this morning…

# eurozone - Thursday 21 June, 2012

From Business ETC Crunchzeit

Noonan to continue promissory note campaign at Eurozone ministers’ meeting

The minister for finance will meet his Eurozone counterparts this evening, and be joined by the non-euro ministers tomorrow.

# eurozone - Wednesday 20 June, 2012

From TheJournal.ie ESM Treaty

Dáil approves Ireland’s ratification of new Eurozone bailout fund

TDs vote by 114 to 22 to have Ireland participate, a move which will require €1.27bn in cash payments before 2014.

Loew leaves the politics to Merkel for Greek clash

The Gdansk quarter-final is being billed as the battle of the two nations at the heart of the Eurozone crisis.

From Business ETC Eurozone

Explainer: Have Spain and Italy been ‘bailed out’?

Germany has reportedly relented and will allow the ESM to buy bonds directly, which could save Spain and Italy.

From TheJournal.ie 9 At 9

The 9 at 9: Wednesday

Nine things to know this morning…

# eurozone - Tuesday 19 June, 2012

From TheJournal.ie Greece

Greece: Pro-bailout parties announce ‘preliminary’ coalition deal

New Democracy and PASOK will hope to confirm a deal today, while Democratic Left may also be taken on board.

# eurozone - Monday 18 June, 2012

From Business ETC Yikes!

Euro crisis: Spanish cost of borrowing hits 7pc as investors seek safety

The costs had fallen after Greece’s election, but are back up this morning as the fear of contagion remains…

From Business ETC Greece

Asian markets surge, Spanish and Italian bond yields ease, after Greek vote

Dealers cheered the Greek result, which saw the New Democracy party win about 30 percent of the vote – while bond yields in Spain and Italy fell sharply.