DUBLIN, Jan 8 (Reuters) – Ireland sold 2.5 billion euros
($3.3 billion) of debt on Tuesday, raising a quarter of the 10
billion euros it aims to borrow in 2013 ahead of a planned exit
from its EU/IMF bailout.
Ireland had said on Monday it would kick off the funding
plan by reopening the 2017 bond it issued last July. That 3.8
billion euro sale marked the country’s return to the long-dated
debt market following its EU/IMF rescue in November 2010.
DUBLIN (Reuters) – The European Central Bank’s bond-buying scheme shows the bank’s determination to preserve the euro but will not by itself restore debt spreads to pre-crisis levels, the head of Ireland’s central bank said on Thursday.
ECB President Mario Draghi said in September the bank was ready to buy unlimited amounts of bonds focused on maturities of one to three years of countries that requested a European bailout and met strict conditions.
DUBLIN, Jan 7 (Reuters) – Ireland will offer around 2
billion euros ($2.6 billion) of bonds this week in its first
debt sale of 2013, reopening a 2017 bond first sold in July as
the country raises funds ahead of a planned exit from its
The country’s debt agency said on Monday it planned a
syndicated tap of the 2017 bond, the initial 3.8 billion euro
sale of which marked Ireland’s return to the long-dated market
following the November 2010 rescue package.
DUBLIN, Jan 7 (Reuters) – Irish retail sales volumes fell on
a monthly basis for the first time in five months in November
but traders entered 2013 with cautious optimism after reporting
their busiest Christmas period since the financial crisis began.
While Ireland has avoided a return to recession compared
with much of the euro zone, its mild economic growth has been
built on a robust export sector with the domestic economy still
struggling with high unemployment and austerity.
DUBLIN (Reuters) – Ireland expects to return fully to bond markets late next year but needs a deal on easing its bank debt to make sure it can successfully exit its international bailout, Prime Minister Enda Kenny said.
Speaking days before the country takes over the EU presidency, Kenny told Reuters he was confident an easing of repayment terms on the promissory notes, or IOUs, that Dublin pumped mainly into the failed Anglo Irish Bank would be agreed by a March deadline.
DUBLIN, Dec 19 (Reuters) – The IMF turned up the heat on
Europe to deliver on a pledge to ease the burden of Ireland’s
bank debt, saying failure to do so could revive market doubts
about Irish debt sustainability.
Euro zone leaders agreed six months ago to look at improving
Ireland’s bank rescue, seemingly strengthening Dublin’s push to
ease tough repayment terms tied to two failed lenders and for
Europe’s rescue funds to take over its stakes in other lenders.
DUBLIN (Reuters) – The Irish government has decided to oppose Ryanair’s (RYA.I: Quote, Profile, Research, Stock Buzz) bid to take over Aer Lingus (AERL.I: Quote, Profile, Research, Stock Buzz) after studying details of the plan, the country’s transport minister said on Tuesday in a blow to the budget airline’s ambitions.
The European Commission, which is probing the 694 million euro ($917 million) bid on competition grounds and will have the ultimate say early next year, sent Ryanair a list of objections to the tie-up last month.
DUBLIN (Reuters) – Ireland’s economy grew by a slightly less-than-expected 0.2 percent in the third quarter but figures were revised up for the previous three months, putting the government on track to meet modest 2012 targets.
Bailed-out Ireland has avoided joining much of the euro zone in recession because of its robust export sector but weakening demand from trading partners, together with high unemployment at home, means growth has remained slow.
DUBLIN (Reuters) – Ireland’s budget ministers defended a sixth round of austerity in little over four years on Thursday, after they were ridiculed by the tabloid press and berated on live radio by angry voters.
Finance minister Michael Noonan, who was pictured holding a sign saying ‘Christmas cancelled’ on one front page while dressed in a superimposed Santa Claus suit, took to the airwaves for a now familiar post-budget grilling from listeners.
DUBLIN, Dec 5 (Reuters) – The Irish government will test the
economy and the public’s patience with another 3.5 billion euro
dose of austerity on Wednesday, though better service sector and
jobless data will help soften the blow.
Bailed-out Ireland has begun its return to bond markets and
is one of few euro zone countries to keep eking out mild growth,
but with one of the highest budget deficits in Europe, it must
make further harsh spending cuts and tax hikes.