Tag: Brian Cowen

• Thursday, December 16th 2010 - 23:56 UTC

  IMF votes aid loan to Ireland, but open to discussions with a new government

  

  The International Monetary Fund (IMF) approved a 22.5 billion Euros loan for Ireland and said it was open to re-negotiating parts of the bailout package with a new government provided its overall targets were adhered to.

• Tuesday, November 30th 2010 - 05:45 UTC

  Irish bail out package fails markets’ test; growing fears about Portugal and Spain

  

  The Euro has fallen against the dollar and major European markets have dropped sharply, a day after ministers agreed a bail-out for the Irish Republic. On Sunday, European ministers reached agreement over a bail-out worth about 85bn Euros.

• Tuesday, November 23rd 2010 - 04:28 UTC

  Irish PM will call early election after austerity budget is passed

  

  Irish Prime Minister Brian Cowen defied mounting pressure to quit and announced Monday he would stay in office until parliament passed an austerity budget needed to secure an IMF/EU bailout and then call an early election.

• Monday, November 22nd 2010 - 18:01 UTC

  Relief for Euro and bonds as Ireland € 95 billion rescue package is announced

  

  Ireland became the second Euro country to seek a rescue as the cost of saving its banks threatened a rerun of the Greek debt crisis that destabilized the currency. The Euro rose and European bond risk fell Monday following the announcement of the package.

• Thursday, November 18th 2010 - 18:35 UTC

  Ireland’s dilemma: sovereign solvency or rescuing the banking system

  

  Emergency talks were being held in Dublin overnight as fears about Ireland’s ailing banking system forced the deployment of a team from the European Union, the International Monetary Fund and the European Central Bank.