Conor's Feed
Jun 13, 2012

Cyprus may seek up to 4 billion euros if goes to EU

DUBLIN (Reuters) – Cyprus could seek up to 4 billion euros in financial aid if it turns to the European Union for help, but needs an immediate 1.8 billion euros to recapitalize one of its banks in the next few weeks, its deputy Europe minister said on Wednesday.

Andreas Mavroyiannis told Reuters on a visit to Ireland that no decision had yet been taken about how to bail out his country’s hard hit banking system but that a loan would involve Europe in some way.

Jun 11, 2012

Spanish rescue plan splits Europe’s bailout club

ATHENS/DUBLIN (Reuters) – The friendly terms of an international rescue for Spain have encouraged Greek politicians to believe they can extract a better deal from creditors, but Ireland and Portugal, fellow members of the bailout club, appear more resigned to their fate.

In Greece, which votes in a general election on Sunday, the radical, leftist SYRIZA party seized on the lenient Spanish bailout announced at the weekend as evidence that austerity measures demanded of Athens in return for a European financial rescue plan had failed.

Jun 11, 2012

Ireland says Spain did not get a better bailout

DUBLIN, June 11 (Reuters) – Ireland’s government on Monday
scrambled to respond to claims Spain had secured a better
bailout from Europe, saying its own deal was in some ways more
attractive and insisting its lenders would match any concessions
offered to Madrid.

Euro zone leaders’ decision to grant Spain up to 100 billion
euros ($125 billion) in funding for its banks without entering a
full-scale rescue, has raised hackles from the Irish opposition,
who say the government has been outmanoeuvred.

Jun 1, 2012

Irish government relieved at EU referendum win

DUBLIN (Reuters) – Ireland’s government declared victory in a referendum on Europe’s new fiscal treaty on Friday but saw little reason to celebrate as problems across the euro zone continued to weigh on steady progress at home.

The government had campaigned strongly for voters to back the treaty, arguing that a rejection would hurt Ireland’s chance of attracting the investment it needs to recover. With counting still under way, ministers said it was clear that the measure had passed, and opponents conceded defeat.

Jun 1, 2012

Irish government – early count points to EU referendum “yes”

DUBLIN (Reuters) – Ireland’s government is confident after early counting that voters have backed a referendum on the European Union’s new fiscal treaty, saving Europe a major headache, two senior members of the “Yes” side told Reuters on Friday.

While the German-led plan for stricter budget rules needs the approval of only 12 of the 17 euro zone countries to be ratified, an Irish rejection would undermine one of Europe’s key initiatives just as problems mount in Spain and Greece.

Jun 1, 2012

Irish govt: early count points to EU referendum ‘yes’

DUBLIN, June 1 (Reuters) – Ireland’s government is confident
after early counting that voters have backed a referendum on the
European Union’s new fiscal treaty, saving Europe a major
headache, two senior members of the “Yes” side told Reuters on
Friday.

While the German-led plan for stricter budget rules needs
the approval of only 12 of the 17 euro zone countries to be
ratified, an Irish rejection would undermine one of Europe’s key
initiatives just as problems mount in Spain and Greece.

May 29, 2012

Irish vote piles pressure on junior coalition party

DUBLIN (Reuters) – A campaign to inject German-inspired budget discipline into the Irish constitution is proving painful for the centre-left party propping up the government, alienating parts of its working-class base and boosting the rise of a populist rival.

The Labour Party stormed into government last February for the first time in 14 years on a promise to end the previous government’s adherence to “Frankfurt’s Way,” an austerity plan the party said was dictated by the European Central Bank.

May 28, 2012

Ireland’s squeezed middle reluctantly back treaty

ASHBOURNE, Ireland (Reuters) – After seeing the value of her house collapse and her husband lose his job, Sheila McLaughlin would love to vote “No” to Europe’s new fiscal treaty in a referendum on Thursday, dealing a sharp rebuke to a government she says has failed her.

But a chorus of dark warnings that the euro zone crisis could once again engulf Ireland if it thumbs its nose at Europe has convinced her, like tens of thousands of others, to bite her tongue and back the pact for stricter budget discipline.

May 26, 2012

Ireland on a high as Long strikes late

DUBLIN (Reuters) – Ireland beat a dogged Bosnia side 1-0 on Saturday in their last home game before the European Championship, Shane Long heading a late winner and promising youngster James McClean pushing his claims for a place in the starting line-up.

Long scored the winner in the 78th minute after being picked out by winger Aiden McGeady and the home side nearly doubled the lead with a succession of shots by Jon Walters in the closing minutes.

May 26, 2012

Soccer-Ireland on a high as Long strikes late

DUBLIN, May 26 (Reuters) – Ireland beat a dogged Bosnia side
1-0 on Saturday in their last home game before the European
Championship, Shane Long heading a late winner and promising
youngster James McClean pushing his claims for a place in the
starting line-up.

Long scored the winner in the 78th minute after being picked
out by winger Aiden McGeady and the home side nearly doubled the
lead with a succession of shots by Jon Walters in the closing
minutes.