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Euro zone inflation is significantly lower when compared to 2012

Euro zone inflation rises slightly in May

Inflation in the euro zone rose slightly in May when compared to the previous month, according to figures from Eurostat, but was significantly slower than in the same period last year.

Business • 14 Jun 13

Municipal workers in Athens march towards the Greek Parliament protesting against cuts

IMF, European Commission clash over Greek bailout

The European Commission has clashed with the International Monetary Fund over their handling of the first Greek bailout.

News • 06 Jun 13

Mario Draghi said the threat of the ECB buying bonds had played a key role in calming financial markets

Eurozone economy to recover later this year

The eurozone economy is on track for a gradual recovery later this year.

News • 04 Jun 13

The eurozone recession could be a 'central problem' for Ireland's full return to the financial markets

Warning for Ireland over eurozone recession

A review of Ireland's bailout programme by an influential think tank has warned that a deepening of the eurozone recession could be a "central problem" for Ireland's full return to the financial markets.

News • 16 May 13

The unemployment rate in Ireland stands at 14.2%

Eurozone unemployment at highest ever level

Unemployment in the 17-country eurozone area stood at 12% last month, the highest rate since the single currency was introduced in 1999.

News • 02 Apr 13

Banks reopened yesterday after an almost two-week shutdown

President says Cyprus will not leave eurozone

Cypriot President Nicos Anastasiades has said Cyprus has no intention of leaving the eurozone and that the situation there was "contained".

News • 29 Mar 13

IMF's Christine Lagarde, Eurogroup president Jeroen Dijsselbloem and Commissioner Olli Rehn were involved in the negotiations

'Deal in best interest of Cyprus'

The president of Cyprus assured his people a bailout deal he struck with the European Union was in their best interests and would end anxiety, but he also announced "very temporary" capital controls to stem a run on the island's banks.

News • 25 Mar 13

Cypriots protest in Nicosia as the government tries to confront the island's financial crisis

Cyprus passes laws aimed at securing bailout

Cyprus has adopted legislation allowing the government to split the island's failing lenders into good and bad banks.

News • 22 Mar 13

Banks in Cyprus will remain closed until next week but ATMs are still dispensing cash

ECB pushes Cyprus to reach funding deal

The European Union has given Cyprus until Monday to raise at least €5.8bn needed to secure an international bailout or face a collapse of its financial system that could push it out of the euro currency zone.

News • 21 Mar 13

A Cypriot demonstrator holds a banner during a protest against a EU bailout deal outside parliament

Cyprus draws up 'Plan B' for bailout - officials

The Cypriot government has drawn up a new plan to raise funds needed for the country to secure a crucial international bailout, three top government officials said tonight.

News • 20 Mar 13

Cyprus has been in grave financial difficulty for months because its banks were heavily exposed to Greek debt

Eurozone to discuss bank funding issues

Minister for Finance Michael Noonan has said the issue of the permanent EU bailout fund being used to directly recapitalize banks will be discussed at a eurogroup meeting in Brussels.

News • 04 Mar 13

Strict fiscal rules agreed for eurozone member states

Agreement reached on strict EU fiscal rules

Agreement has been reached between eurozone member states and European Parliament negotiators on strict new fiscal rules.

News • 20 Feb 13

Michael Noonan and Italian Finance Minister Vittorio Grilli chat before this morning's meeting

EU ministers agree to examine Irish bailout loan

EU finance ministers have agreed to examine the possibility of extending the maturities - the time allowed for repayment - for part of Ireland's bailout loan.

News • 22 Jan 13

Michael Noonan said the move recognises the efforts being made by well-performing programme countries

Noonan: Ireland may get longer to repay EFSF loans

The eurogroup of finance ministers has agreed to examine the possibility of extending the maturities on part of Ireland's bailout loans, according to Finance Minister Michael Noonan.

News • 22 Jan 13

Michael Noonan will attend next week's talks

Eurozone finance ministers to discuss bailout fund

Eurozone finance ministers will on Monday take the first steps towards addressing if and how the permanent EU bailout fund might be able to directly recapitalise banks, including the issue of legacy bank debt.

News • 16 Jan 13

Angela Merkel says reform measures designed to address the roots of the problem are beginning to bear fruit

Eurozone crisis far from over - Angela Merkel

The eurozone sovereign debt crisis is far from over, German Chancellor Angela Merkel has said in her New Year's address.

News • 31 Dec 12

Eurogroup not ready to extend Greek bailout terms

The Chairman of the Eurogroup of finance ministers has said ministers were not prepared to extend the same terms to Ireland and Portugal as were agreed last week in order to manage Greece's long term debts.

News • 04 Dec 12

Spain and Greece have the eurozone's highest rates of unemployment

Eurozone unemployment rises to 11.7%

Recession in the eurozone has pushed unemployment in the region up to a record 11.7% in October.

News • 30 Nov 12

Minister for Finance Michael Noonan answers the media upon his arrival yesterday

Eurozone, IMF reach deal to reduce Greek debt

Eurozone finance ministers have reached an agreement with the International Monetary Fund on a programme to reduce Greek debt.

News • 27 Nov 12

Michael Noonan talks with ECB president Mario Draghi ahead of the meeting

Eurozone fails to agree on Greek bailout funds

International lenders have failed for the second week to reach a deal to release emergency aid for Greece.

News • 21 Nov 12

Greek government passed an austerity package worth €13.5bn last week

Michael Noonan says issues remain over Greek funds

Finance Minister Michael Noonan has said there were still substantial issues that had to be resolved if eurozone finance ministers were to release €31bn in urgently needed bailout funds for Greece.

News • 20 Nov 12

Jean-Claude Juncker clashed publicly with Christine Lagarde

Rift emerges between EU and IMF over Greek deal

A significant difference has emerged between the European Union and the International Monetary Fund over how fast Greece needs to reduce its debt burden.

News • 13 Nov 12