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Chancellor: We have completely won the argument on austerity
April 21, 2012 7:51 pm 18 Comments
"I am not in, as the chancellor of the exchequer, a daily opinion poll contest and a daily popularity contest. I will tell you what I am engaged in. A daily contest with the rest of the world to make Britain competitive to bring jobs to Britain."
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Greek bombshell disarms eurozone bazooka
November 1, 2011 3:45 pm 6 Comments
The Greek referendum has sent Greek politics into chaos. But it has also disarmed the euro bailout agreed last week, sending government borrowing costs soaring and share prices crasing across the rest of the eurozone.
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Ireland Bailout: European authorities have blinked
November 28, 2010 9:13 pm 3 Comments
In the bailout package agreed for Ireland by EU finance minister today, senior bondholders in Irish banks are 100 per cent safe.
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Irish haircut, a gentle blowdry, or the fully-cropped Lehman?
November 26, 2010 4:37 pm 5 Comments
Almost entirely, the institutions that lent money to the RBSs and HBoSs and Northern Rocks, and the Irish banks, that was then mislent, have got away scot free. But according to this Irish Times article, the IMF and EU might be about to change things with a "bail-in" of such creditors.
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Ireland’s bill for decade-long boom
November 24, 2010 9:32 pm 9 Comments
As Ireland hears the austerity measures that are part of the condition of its European bail-out, Faisal Islam blogs on the wrecked economy which sees Paddy Power become the most valuable financial institution in Ireland.
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Ireland’s Budget vote remains perilous
November 23, 2010 9:05 pm 3 Comments
Usually, a nation which has applied for a bailout will easily pass an austere Budget. But in Ireland, it's rather more complicated, writes Faisal Islam from Dublin.
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Combining political shambles with economic disaster
9:24 am 5 Comments
Our Economics Editor reflects on yesterday's tumultuous events in Dublin and warns of an unpredictable time ahead for Ireland and Europe.
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Ireland debt: spelling out the spending cuts ahead
November 22, 2010 11:36 am 5 Comments
Some details of the spending cuts are emerging. A 10 per cent cut in social welfare payments, a €1 cut to the minimum wage, 28,000 public sector job cuts have all been concretely reported here in Dublin.
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Ireland succumbs to bail-out
November 21, 2010 8:44 pm 2 Comments
Irish TV is calling it the biggest decision ever made by an Irish government, as the country goes cap in hand to Europe and the IMF for a bail-out, writes Faisal Islam.
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Ireland’s risky bank strategy
November 19, 2010 5:10 pm 4 Comments
Our Economics Editor says today's news from Ireland's second biggest bank - AIB - has echoes of the situation in Britain before the recapitalisation two years ago.

