Tag: Ireland

• Thursday, November 18th 2010 - 18:51 UTC

  UK banks’ exposure to Irish lenders above £ 139 billion

  

  Ireland's banking problems are likely to have a direct effect on the United Kingdom's battered institutions. According to the Bank of International Settlements, UK banks have a total exposure to Irish lenders of 222 billion US dollars (£139bn).

• 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.

• Tuesday, November 16th 2010 - 12:07 UTC

  “If the Euro fails, Europe fails”, warns Germany’s Merkel

  

  German Chancellor Angela Merkel said the Euro is the glue that holds Europe together, signalling that an Irish bailout may be the price of preserving European unity.

• Friday, November 12th 2010 - 18:01 UTC

  Europe ratifies support for Ireland’s budget policy and sovereign debt

  

  Irish Finance minister Brian Lenihan has welcomed a statement of support over Ireland's debts from Germany, Britain, France, Italy and Spain. The five countries attending the G20 summit in South Korea said that bondholders would not be forced to share the pain of the current debt crisis.

• Tuesday, July 20th 2010 - 03:35 UTC

  Moody’s cuts Ireland’s credit rating; warns of slow recovery

  

  Risk rating agency Moody’s cut on Monday Ireland's credit rating, warning the country faces a slow climb out of recession as the cost of a rescue of its banking sector mounts.