Ireland http://www.globalpost.com/taxonomy/term/27251/all en INTERVIEW-UPDATE 1-Ryanair sees passenger growth slowing in 2013 http://www.globalpost.com/dispatch/news/thomson-reuters/130122/interview-update-1-ryanair-sees-passenger-growth-slowing-2013 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Sees 3-4 pct passenger growth 2013-14 vs 4.2 pct 2012-13</p> <p>* Aims to order aircraft from Boeing late 2013, early 2014</p> <p>* Expects bid for Aer Lingus to be approved by EU Commission</p> <p>* In talks with Tunisia, Libya and Egypt on opening markets (Adds detail on Boeing, North African expansion)</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130122/interview-update-1-ryanair-sees-passenger-growth-slowing-2013" target="_blank">read more</a></p> Aviation Ireland Transport Thomson Reuters Tue, 22 Jan 2013 12:15:19 +0000 5737685 at http://www.globalpost.com CORRECTED-Ex-Anglo Irish head Fitzpatrick faces trial next Jan http://www.globalpost.com/dispatch/news/thomson-reuters/130123/former-anglo-irish-head-fitzpatrick-go-trial-next-january <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Corrects paragraph 4 and adds paragraph 5 to make clear that the alleged unlawful loans are the basis of a separate charge from the deposits allegedly used to mask withdrawals)</p> <p>* Fitzpatrick was chief exec during bank's ascendancy</p> <p>* Goes on trial for fraud on Jan. 13 with two ex-colleagues</p> <p>* None of the three have made any plea yet</p> <p>By Sarah O'Connor</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130123/former-anglo-irish-head-fitzpatrick-go-trial-next-january" target="_blank">read more</a></p> Economy of the Republic of Ireland Financial services in the Republic of Ireland Ireland Thomson Reuters Wed, 23 Jan 2013 15:45:39 +0000 5738349 at http://www.globalpost.com EXCLUSIVE-ECB rejects Irish bid on promissory note-sources http://www.globalpost.com/dispatch/news/thomson-reuters/130126/exclusive-ecb-rejects-irish-bid-promissory-note-sources <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>Jan 26 (Reuters) - The European Central Bank has rejected Ireland's preferred solution to a dispute over the cost of servicing money borrowed to rescue a failed bank, EU sources familiar with the talks said on Saturday.</p> <p>Dublin wants to avoid having to pay 3.1 billion euros a year until 2023 to service a promissory note it issued to underwrite failed Anglo Irish Bank during a meltdown of the main Irish lenders after a real estate bubble burst in 2008.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130126/exclusive-ecb-rejects-irish-bid-promissory-note-sources" target="_blank">read more</a></p> Business European Central Bank European Union Ireland Republic of Ireland Thomson Reuters Sat, 26 Jan 2013 15:30:25 +0000 5739854 at http://www.globalpost.com COLUMN - The moment for Irish unity is nearly over http://www.globalpost.com/dispatch/news/thomson-reuters/130129/column-the-moment-irish-unity-nearly-over <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(John Lloyd is a Reuters columnist but his opinions are his own.)</p> <p>By John Lloyd</p> <p>Jan 29 (Reuters) - The latest "troubles" in Northern Ireland began 45 years ago, and though much reduced, sometimes to invisibility, they are not over yet and will not be for some time. Protests over the Republican-dominated Belfast Council's decision to fly the Union Jack just on certain days happened again over the weekend, if smaller and less violent than in the past few weeks.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130129/column-the-moment-irish-unity-nearly-over" target="_blank">read more</a></p> Entertainment Europe Ireland Politics Thomson Reuters Tue, 29 Jan 2013 23:00:26 +0000 5741293 at http://www.globalpost.com Ireland set to liquidate Anglo Irish Bank: source http://www.globalpost.com/dispatch/news/afp/130206/ireland-set-liquidate-anglo-irish-bank-source <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The Irish government plans to introduce legislation Wednesday to liquidate the Anglo Irish Bank as the eurozone nation attempts to secure a deal on its banking debt, a source said.</p> <p>The plans are expected to be brought before a late sitting of the Irish parliament on Wednesday night.</p> <p>The assets of the bank, now known as the Irish Bank Resolution Corporation, will be transferred to the National Asset Management Agency (NAMA), Ireland's state-run 'bad bank', which buys risky mortgages from debt-plagued lenders.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130206/ireland-set-liquidate-anglo-irish-bank-source" target="_blank">read more</a></p> European Union Ireland Members of the 27th Dáil Politics AFP Wed, 06 Feb 2013 18:46:13 +0000 5747965 at http://www.globalpost.com Irish lawmakers vote to liquidate Anglo Irish Bank http://www.globalpost.com/dispatch/news/afp/130206/irish-lawmakers-vote-liquidate-anglo-irish-bank <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Irish lawmakers voted through emergency legislation to liquidate the former Anglo Irish bank early Thursday, as part of a deal to ease the eurozone country's massive debt burden.</p> <p>Weary lawmakers voted in the small hours to liquidate the failed bank, now known as the Irish Bank Resolution Corporation (IBRC), by a majority of 113 in favour to 36 against.</p> <p>Its assets will now be bought out by Ireland's state run "bad bank", the National Asset Management Agency (NAMA), which buys risky mortgages from debt-plagued lenders.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130206/irish-lawmakers-vote-liquidate-anglo-irish-bank" target="_blank">read more</a></p> Ireland Members of the 27th Dáil Members of the 28th Dáil AFP Thu, 07 Feb 2013 03:16:14 +0000 5748412 at http://www.globalpost.com Irish lawmakers vote to liquidate Anglo Irish Bank http://www.globalpost.com/dispatch/news/afp/130206/irish-lawmakers-vote-liquidate-anglo-irish-bank-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Irish lawmakers voted through emergency legislation to liquidate the former Anglo Irish bank early Thursday, as part of a deal to ease the eurozone country's massive debt burden.</p> <p>Weary lawmakers voted in the small hours to liquidate the failed bank, now known as the Irish Bank Resolution Corporation (IBRC), by a majority of 113 in favour to 36 against.</p> <p>Its assets will now be bought out by Ireland's state run "bad bank", the National Asset Management Agency (NAMA), which buys risky mortgages from debt-plagued lenders.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130206/irish-lawmakers-vote-liquidate-anglo-irish-bank-0" target="_blank">read more</a></p> Business Economy of the Republic of Ireland Europe Ireland AFP Thu, 07 Feb 2013 03:30:36 +0000 5748419 at http://www.globalpost.com UPDATE 1-Ireland awaits ECB debt call; liquidates Anglo Irish http://www.globalpost.com/dispatch/news/thomson-reuters/130207/update-1-ireland-awaits-ecb-debt-call-liquidates-anglo-irish <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* ECB will consider Ireland's plan later on Thursday</p> <p>* Government eager for a deal after 18-month negotiation</p> <p>By Carmel Crimmins and Stephen Mangan</p> <p>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.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130207/update-1-ireland-awaits-ecb-debt-call-liquidates-anglo-irish" target="_blank">read more</a></p> Ireland Members of the 27th Dáil Members of the 31st Dáil Politics Technology Thomson Reuters Thu, 07 Feb 2013 05:15:14 +0000 5748443 at http://www.globalpost.com UPDATE 5-Ireland hails historic debt deal with ECB http://www.globalpost.com/dispatch/news/thomson-reuters/130207/update-1-ecb-close-irish-debt-deal-anglo-liquidated <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Deal cuts Ireland's borrowing needs by 20 bln euros over decade</p> <p>* Longer repayments ease austerity burden by 1 bln euros annually</p> <p>* Anglo IOUs replaced by Irish bonds with maturities of up to 40 yrs</p> <p>By Padraic Halpin and Carmel Crimmins</p> <p>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.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130207/update-1-ecb-close-irish-debt-deal-anglo-liquidated" target="_blank">read more</a></p> Business Economic history Economics Economy of the European Union Europe European Union Human Interest Ireland Members of the 27th Dáil Members of the 30th Dáil Members of the 31st Dáil Politics Technology War Thomson Reuters Thu, 07 Feb 2013 09:15:54 +0000 5748549 at http://www.globalpost.com Anglo Irish Bank deal gets ECB green light http://www.globalpost.com/dispatch/news/afp/130207/anglo-irish-bank-deal-gets-ecb-green-light <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>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.</p> <p>"Today's outcome is a historic step on the road to economic recovery," Kenny told the Irish parliament.</p> <p>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.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130207/anglo-irish-bank-deal-gets-ecb-green-light" target="_blank">read more</a></p> Europe Ireland Members of the 27th Dáil Politics AFP Thu, 07 Feb 2013 17:01:18 +0000 5749090 at http://www.globalpost.com CORRECTED-FACTBOX-What the Anglo Irish Bank deal does for Ireland http://www.globalpost.com/dispatch/news/thomson-reuters/130207/factbox-what-the-anglo-irish-bank-deal-does-ireland <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Corrects day in first paragraph)</p> <p>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.</p> <p>Following are the key points of the deal that have been announced so far:</p> <p>* Anglo Irish Bank, more recently known as IBRC, is being liquidated.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130207/factbox-what-the-anglo-irish-bank-deal-does-ireland" target="_blank">read more</a></p> Business Economy of the Republic of Ireland Financial services in the Republic of Ireland Ireland Thomson Reuters Thu, 07 Feb 2013 18:15:40 +0000 5749212 at http://www.globalpost.com Anglo Irish Bank deal gets ECB green light http://www.globalpost.com/dispatch/news/afp/130207/anglo-irish-bank-deal-gets-ecb-green-light-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>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.</p> <p>"Today's outcome is a historic step on the road to economic recovery," Kenny told the Irish parliament.</p> <p>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.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130207/anglo-irish-bank-deal-gets-ecb-green-light-0" target="_blank">read more</a></p> Economic history of Ireland Europe Ireland Politics AFP Thu, 07 Feb 2013 19:31:03 +0000 5749299 at http://www.globalpost.com UPDATE 2-Ireland agrees to extend key public-sector pay deal http://www.globalpost.com/dispatch/news/thomson-reuters/130225/update-1-ireland-reaches-agreement-key-public-sector-pay-deal <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Agreement still needs approval of union members</p> <p>* Smaller unions walked out of talks, dispute risks remain</p> <p>* Higher paid workers take pay cut, others work longer hours</p> <p>By Stephen Mangan</p> <p>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.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130225/update-1-ireland-reaches-agreement-key-public-sector-pay-deal" target="_blank">read more</a></p> Business Economic history of Ireland Ireland Labour relations Thomson Reuters Mon, 25 Feb 2013 12:45:20 +0000 5765925 at http://www.globalpost.com Ryanair to appeal EU veto of Aer Lingus merger http://www.globalpost.com/dispatch/news/thomson-reuters/130227/ryanair-appeal-eu-veto-aer-lingus-merger <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Ryanair to appeal European Commission decision</p> <p>* Ryanair says decision political, plans legal action</p> <p>* Decision likely to end seven year pursuit of Aer Lingus</p> <p>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.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130227/ryanair-appeal-eu-veto-aer-lingus-merger" target="_blank">read more</a></p> Aviation Ireland Ryanair Transport Thomson Reuters Wed, 27 Feb 2013 11:46:33 +0000 5768312 at http://www.globalpost.com Irish financial regulator Elderfield to step down http://www.globalpost.com/dispatch/news/thomson-reuters/130409/irish-financial-regulator-elderfield-step-down <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>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.</p> <p>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.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130409/irish-financial-regulator-elderfield-step-down" target="_blank">read more</a></p> Economy of the Republic of Ireland Ireland Matthew Elderfield Matthew Elderfield Thomson Reuters Tue, 09 Apr 2013 11:30:21 +0000 5806813 at http://www.globalpost.com