Padraic's Feed
Nov 7, 2013

Ireland gets green light to become first euro zone country to exit bailout

DUBLIN (Reuters) – Three years after going cap in hand to international lenders, Ireland is set to step out on its own again, becoming the first euro zone country to exit its bailout program.

Dublin said on Thursday that the European Union and International Monetary Fund had signed off on the last part of the 85 billion euro ($114 billion) aid deal, paving the way for Ireland to complete it by the end of the year.

Nov 5, 2013

O’Neill to be Ireland manager, Keane assistant

DUBLIN (Reuters) – Martin O’Neill is poised to take over as Ireland manager with Roy Keane as his assistant, more than a decade after the former captain walked out on the team at the 2002 World Cup.

“Roy’s coming with me,” O’Neill told ITV television on Tuesday. “Personally speaking I think he will be great for me but more importantly it will be great for Ireland.”

Nov 5, 2013

Soccer-O’Neill to be Ireland manager, Keane assistant

DUBLIN, Nov 5 (Reuters) – Martin O’Neill is poised to take over as Ireland manager with Roy Keane as his assistant, more than a decade after the former captain walked out on the team at the 2002 World Cup.

“Roy’s coming with me,” O’Neill told ITV television on Tuesday. “Personally speaking I think he will be great for me but more importantly it will be great for Ireland.”

Nov 5, 2013

Ireland to hold referendum on same sex marriage

DUBLIN (Reuters) – Ireland will hold a referendum on same sex marriage in 2015, just over two decades after the once stridently Catholic country legalized homosexuality, the government said on Tuesday.

The once dominant role of Catholicism has started to fade after revelations of rape and beatings by members of religious orders and the priesthood and Prime Minister Enda Kenny has even delivered a once-unthinkable rebuke to the Vatican over its handling of the scandals.

Nov 5, 2013

O’Neill to be new Irish boss, Keane assistant

DUBLIN (Reuters) – Ireland is set to appoint Martin O’Neill as manager and Roy Keane as his assistant, more than a decade after the former captain walked out on the team at the 2002 World Cup, FAI chief executive John Delaney said on Tuesday.

Delaney said that the pair had still to sign contracts but that he saw no impediment to O’Neill taking over from Giovanni Trapattoni, who quit in September, and that the former Aston Villa and Celtic boss would be unveiled on Saturday.

Nov 5, 2013

Soccer-O’Neill to be new Irish boss, Keane assistant

DUBLIN, Nov 5 (Reuters) – Ireland is set to appoint Martin O’Neill as manager and Roy Keane as his assistant, more than a decade after the former captain walked out on the team at the 2002 World Cup, FAI chief executive John Delaney said on Tuesday.

Delaney said that the pair had still to sign contracts but that he saw no impediment to O’Neill taking over from Giovanni Trapattoni, who quit in September, and that the former Aston Villa and Celtic boss would be unveiled on Saturday.

Nov 1, 2013

Bank of Ireland margins up as refinancing plans boosted

DUBLIN, Nov 1 (Reuters) – Bank of Ireland’s net
interest margin continued to grow in the third quarter and
analysts welcomed clarification from a regulator over the
refinancing of 1.8 billion euros ($2.5 billion) of state
preference shares.

The 15 percent state-owned bank, the only Irish lender to
escape nationalisation after a huge property crash, is
recovering far quicker than rivals that are hampered by larger
loan losses and weaker margins and will be slower to emerge from
state bailouts.

Oct 30, 2013

C&C says battered Irish pubs may have turned the corner

DUBLIN, Oct 30 (Reuters) – Cider maker C&C said on
Wednesday that the Irish pub market may have turned a corner
after its volume of sales in bars there outperformed
off-licences for the first time in seven years.

The maker of Magners and Bulmers saw its operating profit
rise by 7.9 percent year-on-year to 71.1 million euros ($97
million) in the six months to the end of August and reaffirmed
its guidance for full-year growth of between 10 and 16 percent.

Oct 22, 2013

Insight – Ireland’s bailout report: Good, now fix public debt

DUBLIN (Reuters) – At the height of the euro zone’s debt crisis in July 2011, Ireland’s bailout looked doomed. Its credit rating had been cut to junk and borrowing costs hiked to an eye-watering 15 percent.

Nonetheless, Bank of Ireland convinced a group of North American investors to part with 1.1 billion euros and help stave off a state takeover. It was an early sign that Ireland could do what was needed to turn itself around.

Oct 22, 2013

Ireland’s bailout report: Good, now fix public debt

DUBLIN, Oct 22 (Reuters) – At the height of the euro zone’s
debt crisis in July 2011, Ireland’s bailout looked doomed. Its
credit rating had been cut to junk and borrowing costs hiked to
an eye-watering 15 percent.

Nonetheless, Bank of Ireland convinced a group of
North American investors to part with 1.1 billion euros and help
stave off a state takeover. It was an early sign that Ireland
could do what was needed to turn itself around.