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Greece currently has no urgent need to draw money from the bond markets as it has built a cash cushion of at least €15 billion

Greece prepares for first bond issue since bailout exit

Greece's debt agency today said it had begun a process for the country's first bond issue - a five-year sale - since exiting the last bailout.

Business • 28 Jan 19

Greek Prime Minister Alexis Tsipras said the 'lessons' of the bailout would not be ignored

'A new day is dawning' as Greece exits bailout

Greek Prime Minister Alexis Tsipras has hailed the end of a "modern-day Odyssey" after Greece emerged from nine years of bailouts.

Business • 21 Aug 18

The IMF loans were originally to fall due from January 2021 to December 2023, while the due date for the bilateral loans was September 2019 to May 2021

Ireland repays €5.5 billion of bailout loans early

Ireland has paid off €5.5 billion worth of bailout loans ahead of schedule.

Business • 20 Dec 17

Fred Goodwin fell from grace after Royal Bank of Scotland's failure prompted a £45.8 billion government rescue

Ex-RBS boss Goodwin to face investors in court

Fred Goodwin, the former Royal Bank of Scotland chief executive, is set to become the first senior banker in Britain to be challenged in court over his role in the financial crisis.

Business • 19 May 17

Valdis Dombrovskis said that a solution for Greece needs to be found swiftly

Swift deal on Greece needed to avert uncertainty

There are costs in delaying agreement on Greece's bailout review, the European Commission's vice president responsible for the euro was quoted as saying today.

Business • 16 Feb 17

According to daily La Repubblica, Monte dei Paschi will issue the debt in the form of bonds and commercial paper

Monte dei Paschi to issue €15bn of debt in 2017

Italy's Banca Monte dei Paschi di Siena, which is being bailed out by the state, plans to issue €15 billion of debt next year to restore liquidity and boost investor confidence, several newspapers are reporting today.

Business • 30 Dec 16

The government and Monte dei Paschi have promised protection for around 40,000 retail savers who had bought the bank's junior debt

Italian govt approves Monte dei Paschi bailout

Italy has approved a state-funded rescue of the world's oldest bank, Monte dei Paschi di Siena, in a bid to shore up the country's beleaguered financial system.

Business • 23 Dec 16

Italy's third-largest bank needs to raise €5 billion by the end of the year to plug a capital shortfall identified by European Central Bank stress tests or face the risk of being wound down

Italy discussing terms of Monte dei Paschi bailout

Italy is reportedly discussing with the European Commission the terms of a state bailout of ailing bank Monte dei Paschi that has already been requested and could be launched next week if needed.

Business • 02 Dec 16

Representatives from the European Commission and the European Central Bank completed a three-day post-programme surveillance mission today

EU bailout team urges caution on public finances

An EU bailout team has urged caution over Ireland's public finances, after its latest post-bailout visit to the country.

Business • 10 Jun 16

Greece has approved contingency measures that would kick in automatically if it were to miss its primary surplus target of 3.5% of GDP in 2018

Euro zone expected to release €10bn to Greece

After a six-month delay, the euro zone is likely to say tomorrow that Greece has passed the reforms needed to unblock €10bn in new loans.

Business • 23 May 16

European Economic Affairs Commissioner Pierre Moscovici upbeat on Greek talks

EU's Moscovici says Greek debt deal 'very close'

European Economic Affairs Commissioner Pierre Moscovici said today that negotiators were "very close" to reaching a debt-relief deal for cash-strapped Greece.

Business • 20 May 16

The EU Commission expects the Greek economy to contract by 0.3% this year

Greek economy shrinks by 0.4% in first quarter

Greece's economy shrank 0.4% in the first quarter compared to the last three months of 2015, a flash estimate by the country's statistics service ELSTAT showed today.

Business • 13 May 16

The Athens government has passed unpopular pension and tax reforms

Next tranche of Greek bailout in 'coming days'

Greece and its creditors will reach a deal to release the next tranche of its €86 billion bailout "in the coming days", a senior EU official said after talks in Brussels.

Business • 09 May 16

A vacant urban railway station is pictured in Athens on day one of the 48-hour strike

Greeks strike as new tax, pension reforms loom

Greeks started a 48-hour nationwide strike today in anger at tax and pension reforms pursued by the indebted nation under terms of a multi-billion euro bailout it signed up to last year.

News • 19 May 16

Greece's review of progress under a bailout deal reached in July has dragged on for months

Greek review adjourned until after IMF meeting

Greece and its international lenders adjourned talks on a crucial bailout review early today and will resume them immediately after this week's IMF spring meeting, the Greek finance minister said.

Business • 12 Apr 16

Hungary had borrowed around €20 billion from the IMF, the European Union and the World Bank in 2008

Hungary pays off bailout loan amid recovery

Hungary's central bank said today it had fully repaid a multi-billion-euro loan it took out in 2008 from international lenders to prop up its wobbling economy during the financial crisis.

Business • 06 Apr 16

Euro zone ministers met to discuss how strictly Greece should be held to the reform commitments made as part of its €86bn bailout

EU/IMF bailout monitors to return to Greece

Bailout monitors from the EU and IMF will return to Greece as soon tomorrow in an effort to complete a long-delayed review of the programme and unlock rescue cash.

Business • 07 Mar 16

Ireland's current member of the European Court of Auditors, Kevin Cardiff

ECB did not share Irish analysis for bailout probe

An EU probe into the Irish bailout has found the ECB "should" have shared its internal analysis with the European Commission and IMF on the question of burning senior bank bondholders.

News • 26 Jan 16

The payment by the ESM is the third disbursement of the initial loan of €16 billion agreed in August

Euro bailout fund approves €1 billion for Greece

The euro zone bailout fund has approved the payment of a €1 billion aid tranche for Greece following Athens' completion of a second set of reforms.

Business • 23 Dec 15

The EC has said it is undertaking a full assessment of the Budget for 2016 and will issue its opinion 'shortly'

EC issues warning about banks in bailout report

The European Commission, which is part of the Troika, has said Ireland is growing strongly but it has issued warnings about Irish banks and the need to cut legal costs.

Business • 13 Nov 15

Unions say the strike is the 'people's response to the dogmatic insistence in dead-end and destructive policies'

Strike in Greece over austerity

Many Greek workers stayed at home this morning to protest austerity measures, in the biggest domestic challenge to Alexis Tsipras' government since he was elected in September on a promise to cushion the impact of years of economic hardship.

News • 12 Nov 15

Greek govt wins vote before first bailout review

Greek Prime Minister Alexis Tsipras' government has comfortably won a confidence vote, starting a race to pass key reform laws before Athens undergoes a crucial first review of its international bailout.

News • 07 Oct 15

Greece has not only very limited access to long-term capital markets since the start of its debt crisis in 2010

Greece raises €1.4 billion in T-bill sale

Greece today raised €1.137 billion in an auction of six-month treasury bills at the same 2.97% interest rate it last sold them at last month.

Business • 02 Sep 15

€13bn has already been disbursed to Greece following its bailout deal - with a further €10bn set aside for its banks

Greek PM submits resignation ahead of election

Prime Minister Alexis Tsipras has resigned, hoping to strengthen his hold on power in snap elections after seven months in office in which he fought Greece's creditors for a better bailout deal but had to cave in.

Business • 20 Aug 15

MPs debated the deal throughout the night

Eurozone approves €86bn Greek bailout deal

Eurozone finance ministers have approved a third debt bailout worth up to €86bn to keep Greece afloat and avoid its chaotic exit from the single currency, officials said.

News • 14 Aug 15