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Aer Lingus expects pension resolution this year

April 25, 2013 03:30
DUBLIN (Reuters) - Aer Lingus expects to resolve a dispute with unions over a shortfall in a pension fund this year, though it is too soon to say how much the airline will need to contribute, Chief Executive Christoph Mueller said on Thursday. "I am quite confident we are going to see an outcome of this entire issue in 2013," Mueller told journalists, saying a ruling by the Labour Relations Commission possible within weeks would then be voted on by unions and shareholders.

Irish financial regulator Elderfield to step down

April 9, 2013 11:46
By Laura Noonan and Conor Humphries DUBLIN (Reuters) - Ireland's financial regulator Matthew Elderfield said on Tuesday he would quit after three years in which he overhauled a dysfunctional system of bank oversight and pressed lenders to deal more quickly with bad debts. Elderfield was hired in 2010 to overhaul a watchdog that had failed to rein in years of reckless lending that pushed the Irish economy and banking sector to the brink.

Irish financial regulator Elderfield to step down

April 9, 2013 07:30
DUBLIN (Reuters) - Ireland's financial regulator and deputy central bank governor Matthew Elderfield will step down later this year to return home to the United Kingdom, the central bank said on Monday. Elderfield, the first non-Irishman to head Ireland's regulator, was hired in 2010 as part of a shake-up of regulation after a wave of reckless lending to property developers led to the collapse of the Irish banking sector.

Ryanair to appeal EU veto of Aer Lingus merger

February 27, 2013 07:46
* Ryanair to appeal European Commission decision * Ryanair says decision political, plans legal action * Decision likely to end seven year pursuit of Aer Lingus DUBLIN, Feb 27 (Reuters) - Budget airline Ryanair will appeal Wednesday's decision by Europe's anti-monopoly watchdog to block its third takeover bid for Aer Lingus , potentially leaving the fate of its Irish rival in limbo for years.

UPDATE 2-Ireland agrees to extend key public-sector pay deal

February 25, 2013 08:45
* Agreement still needs approval of union members * Smaller unions walked out of talks, dispute risks remain * Higher paid workers take pay cut, others work longer hours By Stephen Mangan DUBLIN, Feb 25 (Reuters) - The Irish government agreed with the largest public-sector trade unions on Monday to extend a pay deal that has been credited with avoiding the kind of industrial unrest seen in other crisis-hit euro zone countries.

Anglo Irish Bank deal gets ECB green light

February 7, 2013 15:31
Ireland has reached a landmark deal with the European Central Bank to re-structure the massive debts of the former Anglo Irish Bank, Prime Minister Enda Kenny said on Thursday. "Today's outcome is a historic step on the road to economic recovery," Kenny told the Irish parliament. Kenny said the agreement would ensure repayments were reduced and spread over a longer period, reducing pressure on Ireland, whose economy is struggling to recover despite an EU-IMF bailout in 2010.

CORRECTED-FACTBOX-What the Anglo Irish Bank deal does for Ireland

February 7, 2013 14:15
(Corrects day in first paragraph) LONDON, Feb 7 (Reuters) - Ireland's Prime Minister Enda Kenny on Thursday said his country had taken "an historic step on the road to economic recovery" by striking a deal with the European Central Bank to ease the burden of debts it took on to rescue Anglo Irish Bank. Following are the key points of the deal that have been announced so far: * Anglo Irish Bank, more recently known as IBRC, is being liquidated.

Anglo Irish Bank deal gets ECB green light

February 7, 2013 13:01
Ireland has reached a landmark deal with the European Central Bank to re-structure the massive debts of the former Anglo Irish Bank, Prime Minister Enda Kenny said on Thursday. "Today's outcome is a historic step on the road to economic recovery," Kenny told the Irish parliament. Kenny said the agreement would ensure repayments were reduced and spread over a longer period, reducing pressure on Ireland, which is struggling to recover despite an EU-IMF bailout in 2010.

UPDATE 5-Ireland hails historic debt deal with ECB

February 7, 2013 05:15
* Deal cuts Ireland's borrowing needs by 20 bln euros over decade * Longer repayments ease austerity burden by 1 bln euros annually * Anglo IOUs replaced by Irish bonds with maturities of up to 40 yrs By Padraic Halpin and Carmel Crimmins DUBLIN Feb 7 (Reuters) - Ireland clinched a long-awaited deal on Thursday to ease the burden of its bank debts, sending its borrowing costs falling to pre-crisis levels and bolstering its chances of ending its reliance on EU-IMF loans this year.

UPDATE 1-Ireland awaits ECB debt call; liquidates Anglo Irish

February 7, 2013 01:15
* ECB will consider Ireland's plan later on Thursday * Government eager for a deal after 18-month negotiation By Carmel Crimmins and Stephen Mangan DUBLIN, Feb 7 (Reuters) - Ireland's government rushed through emergency legislation early on Thursday to liquidate the failed Anglo Irish Bank as it tries to secure a deal with the European Central Bank to ease the country's debt burden.
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