Connect to share and comment

Ireland to investigate bugging of police phone calls

DUBLIN (Reuters) - Ireland is to investigate the illegal bugging of police phone conversations that has led to calls for the justice minister to resign. The government said it was informed on Tuesday about a system under which incoming and outgoing telephone calls were taped and recorded at a large number of stations of the Garda, the Irish name for its police service.

Ireland exits bailout with warnings of more austerity

Ireland on Sunday formally exits its three-year bailout programme, becoming the first eurozone nation to do so, but authorities warned of further austerity to ensure economic recovery. Dublin turned to the International Monetary Fund and European Union in November 2010 for an 85-billion-euro ($115-billion) rescue package after a banking crash and one of history's worst housing bubbles.

In landmark for EU, Ireland leaves its bailout behind

By Conor Humphries and Sam Cage DUBLIN (Reuters) - Three years after going cap in hand to international lenders, Ireland has officially ended its bailout, providing a landmark for euro zone efforts to resolve its debt crisis, its finance minister said on Friday. Ireland sought emergency help three years ago to keep its finances under control and has met the terms of the program, cutting spending and raising taxes to bring down its budget deficit and rebalance the economy.

Ireland to exit EU-IMF bailout program next month without new precautionary credit line

DUBLIN - Ireland will exit its international bailout agreement next month without the safety net of a precautionary credit line, Prime Minister Enda Kenny announced Thursday in a sign that the Irish are confident they won't suffer a beating in the bond markets. Thursday's decision means Ireland will be the first of the eurozone's four bailout recipients to wean itself off of emergency aid from the European Union and International Monetary Fund. The move comes three years after Ireland was forced to take 67.5 billion euros ($91 billion) in loans to avoid bankruptcy.

Ireland to exit bailout without credit line, says PM

DUBLIN (Reuters) - Ireland will make a clean break from its EU/IMF bailout next month, forgoing the backup of a precautionary credit line, Prime Minister Enda Kenny told parliament on Thursday. The European Commission, European Central Bank and International Monetary Fund signed off on the last part of the 85 billion euro ($114 billion) aid program last week, paving the way for Ireland to complete it by the end of the year. "This is the right decision for Ireland," Kenny said. (Editing by John Stonestreet)

Ireland nears bailout exit after final IMF/EU review

Ireland will become next month the first eurozone country to exit a bailout programme after the EU and IMF completed their final review, the Department of Finance said on Thursday. Ireland was rescued with help of 85 billion euros ($115-billion) from the International Monetary Fund and European Union in late 2010. The country had suddenly been overwhelmed by huge national debts caused by a banking crisis and property market collapse.

Ireland nears bailout exit after IMF/EU review

Ireland will next month become the first eurozone country to exit a bailout programme after the EU and IMF completed their final review Thursday, the Department of Finance said. "This is a significant day, that many thought, and some feared, would never be reached," Finance Minister Michael Noonan and Expenditure Minister Brendan Howlin said in a joint statement. cob/gj/hmn

Ireland set to exit EU-IMF bailout in December

Ireland will become the first eurozone country to exit its bailout in December, Prime Minister Enda Kenny said, warning however there was still some way to go to full recovery. Ireland was forced to turn to the European Union and the International Monetary Fund for an 85-billion-euro ($115 billion) bailout in 2010 after its banks collapsed and its overheated property market went into meltdown. Kenny told a conference of his Fine Gael party on Saturday there were "fragile times" ahead and a budget due on Tuesday would be tough, but that Ireland was ready to leave the bailout.

Ireland set to exit EU-IMF bailout on December 15

Ireland is on track to exit its strict international bail-out programme in December, Prime Minister Enda Kenny announced on Saturday, although he warned the country still had a way to go to recover from the global economic crisis. "Tonight I can confirm that Ireland is on track to exit the EU-IMF bail-out on December 15th. And we won't go back," the taoiseach told his Fine Gael party's national conference. "It won't mean that our financial troubles are over. Yes, there are still fragile times ahead. There's still a long way to go.

Ireland votes on scrapping upper house of parliament

Cash-strapped Ireland voted in a referendum on Friday on whether to back Prime Minister Enda Kenny's controversial proposals to abolish the upper house of parliament. Opinion polls say voters will likely back the plans to scrap the Seanad, or Senate, which Kenny believes is elitist and ineffective. Opponents of Kenny's plans admit the 60-member upper house in its current form does not work but have said it should be reformed rather than closed.
Syndicate content