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German government approves Greek bailout

German lawmakers approved the latest bailout for Greece today by a large majority despite growing unease about the cost to taxpayers less than a year before federal elections.

News • 30 Nov 12

Cyprus bailout talks make 'good progress'

Cyprus' potential international creditors said they have made "good progress" in negotiations on a possible bailout for the crisis-hit country.

Business • 23 Nov 12

Merkel visits Portugal to support fiscal efforts

German Chancellor Angela Merkel made another trip to a bailed out euro zone country where many people blame her government for the harsh austerity measures they are enduring.

Business • 12 Nov 12

Public transport brought to a virtual standstill

Greek protests over anti-austerity measures

Greece's coalition government hopes to overcome its own divisions and defy protesters' fury at parliament's gates tomorrow by pushing through an austerity package needed to secure an injection of aid and avert bankruptcy

News • 06 Nov 12

Spain objects to Yves Mersch's appointment to ECB Board

Spain delays ECB board nomination

European Union member states have failed to appoint Luxembourg's top central banker to the executive board of the European Central Bank after Spain raised objections to the move.

News • 05 Nov 12

Portugal to approve tax changes to keep bailout

Portugal's parliament is expected to approve the country's biggest tax increases in its modern democratic history today in a budget, the government says, it needs to keep a €78 billion EU/IMF bailout afloat.

Business • 31 Oct 12

Joan Burton said the Irish people had made 'tremendous sacrifices'

Ireland needs funds at reasonable price - Burton

Minister for Social Protection Joan Burton has said the critical issue for Ireland as it returns to self-financing is that it is able access funding at a reasonable price.

News • 30 Oct 12

Bank deal would not amount to 'second bailout'

Taoiseach Enda Kenny says he would not put a term like "second bailout" on what would happen to Ireland if the permanent bailout fund, the European Stability Mechanism, is used to alleviate Ireland's bank debt.

News • 30 Oct 12

Talks held on exit from bailout programme

Minister for Finance Michael Noonan has said the Government was fulfilling its bailout programme and had its first discussions about exiting it, which is due to happen at the end of next year.

News • 26 Oct 12

Michael Noonan says Ireland 'not looking for a second bailout'

Talks held with Troika on bailout exit assistance

The Government has held discussions with the Troika about what assistance would be available to Ireland as it exits the EU-IMF loan programme.

Business • 25 Oct 12

Fitch hints at change in outlook for Ireland

Credit ratings agency Fitch has signalled that it may soon remove Ireland's negative ratings outlook.

News • 19 Oct 12

A fire burns as police guard the parliament building in Lisbon

Protests in Lisbon over Portugal's draft budget

There were noisy protests outside the parliament building in Lisbon last night after the Portuguese government revealed details of its draft budget for 2013, the toughest for many years.

News • 16 Oct 12

German finance minister says Greece won't default

German Finance Minister Wolfgang Schaeuble said yesterday that Greece would not default on its debts.

Business • 15 Oct 12

ECB did more for Ireland than for others: Trichet

Jean Claude Trichet has said that the ECB probably did more for Ireland in terms of the financing the economy than for any other economy in the euro area, and perhaps more than any other central bank for any economy.

Business • 10 Oct 12

Spain 'ready to request aid' from Troika

Spain is ready to request a eurozone bailout for its public finances as early as next weekend but Germany has signalled that it should hold off, European officials have said.

News • 01 Oct 12

Portugal scraps tax hike after protests

Portugal has presented alternative austerity measures to the European Commission after mass protests, Commission chief Jose Manuel Barroso has said.

Business • 01 Oct 12

Maria Fekter said a decision would be made after a Troika report on the Greek bailout is published

Greek debt deadline extension likely - Austrian FM

Greece will get more time to repay its debts to international lenders but will not get more money, Austrian Finance Minister Maria Fekter has said in a newspaper interview.

News • 16 Sep 12

Rajoy says Spain may seek help, but not a bailout

Spain is considering obtaining help from the ECB's bond-buying programme but is not planning a full sovereign bailout, Prime Minister Mariano Rajoy was quoted as saying in Finnish newspapers.

Business • 12 Sep 12

Govt 'bound' to honour Croke Park plan - Vardakar

Minister for Transport Leo Varadkar has said that the Government is bound to honour the Croke Park Agreement.

News • 03 Sep 12

Greece cuts deal will 'be sealed by next week'

Greek political leaders broadly agree on an austerity package demanded by the country's lenders but have yet to decide on how to soften its impact on low-wage earners and pensioners, government officials and party leaders have said.

Business • 29 Aug 12

Government says second bailout can be avoided

The Government has told the Troika that agreeing a deal on the promissory notes used to finance the IBRC and restructuring Permanent TSB would reduce the need for a second bailout.

News • 24 Aug 12

Angela Merkel and Francois Hollande spoke about Greece's request for more time

Merkel and Hollande unite over Greece

Germany and France have presented a united front towards Greece, saying it should not expect leeway on its bailout agreement unless it sticks to tough reform targets.

News • 24 Aug 12

Possible Spain bailout would not hurt rating - S&P

Rating agency Standard & Poor's says a Spanish request for a bailout to help it through the euro zone's sovereign debt crisis probably would not harm the country's credit rating.

Business • 22 Aug 12

Greek officials say debt change would aid recovery

Finance ministry officials in Greece have calculated that the debt-stricken country's economy will recover faster and its debt be more sustainable if it is given two more years to reduce its budget deficit.

News • 18 Aug 12

Euro rescue fund will get bank licence - Monti

The euro zone's ESM rescue fund will be granted a banking licence, giving it enough fire power to head off the bloc's debt crisis, Italian Prime Minister Mario Monti has said.

Business • 01 Aug 12

Bailout

German government approves Greek bailout

Cyprus bailout talks make 'good progress'

Merkel visits Portugal to support fiscal efforts

Greek protests over anti-austerity measures

Spain delays ECB board nomination

Portugal to approve tax changes to keep bailout

Ireland needs funds at reasonable price - Burton

Bank deal would not amount to 'second bailout'

Talks held on exit from bailout programme

Talks held with Troika on bailout exit assistance

Fitch hints at change in outlook for Ireland

Protests in Lisbon over Portugal's draft budget

German finance minister says Greece won't default

ECB did more for Ireland than for others: Trichet

Spain 'ready to request aid' from Troika

Portugal scraps tax hike after protests

Greek debt deadline extension likely - Austrian FM

Rajoy says Spain may seek help, but not a bailout

Govt 'bound' to honour Croke Park plan - Vardakar

Greece cuts deal will 'be sealed by next week'

Government says second bailout can be avoided

Merkel and Hollande unite over Greece

Possible Spain bailout would not hurt rating - S&P

Greek officials say debt change would aid recovery

Euro rescue fund will get bank licence - Monti