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Blog posts : "ireland"

Vatican Stunned by Closure of Irish Embassy

Irish Vatican EmbassyVatican Stunned by 
Closure of Irish Embassy

Catholic Ireland's stunning decision to close its embassy to the Vatican is a huge blow to the Holy See's prestige and may be followed by other countries which feel the missions are too expensive, diplomatic sources said on Friday.

The closure brought re…

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Ireland Heading Into Bankruptcy

Irish unveil harshest cuts, tax hikes in history
Ireland unveils 4-year plan to cut euro15 billion ($20 billion) from deficits amid EU-IMF bailout

Cranes stand above the unfinished Anglo Irish Bank that was to be the their new headquarters in central Dublin, Ireland, Tuesday, Nov. 23, 2010. Lawmakers in Irish Prime Minister Brian Cowens own party mounted a rebellion Tuesday to try to oust him, an effort that could trigger a snap election and delay a massive EU-IMF bailout of Ireland. At stake is the future course of the potentially Euro100 billion ($135 billion) European Union and International Monetary Fund rescue of Ireland, a nation heading toward bankruptcy. (AP Photo/Peter Morrison)DUBLIN (AP) -- Ireland unveiled the harshest budget measures in its history Wednesday, a four-year plan to slash deficits by euro15 billion ($20 billion)…

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EU bailout endangers Irish government, slams banks

A Irish Army Military police officer confronts Sinn Fein protesters who broke through the gates at goverNment …DUBLIN – Investors sold off Irish bank shares Monday and the government struggled to survive after conceding it will need a massive bailout. The rescue package aimed to contain Europe's debt crisis but experts said it still would not protect other vulnerable countries, particularly Portugal.

Irelan…

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Ireland Bailout Over Euro Threatens US Stock Market

Stocks slip on concerns Euro crisis will spread
US stocks fall after Ireland's call for help stirs worries that more aid may needed in Europe

NEW YORK (AP) -- Stocks are down sharply in early trading as concerns grow that the European financial crisis will spread.

Ireland requested financial assistan…

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Ireland going for international bailout

Houses stand vacant in the Castlemoyne development in North Dublin, Ireland, Friday, Nov. 19, 2010. This … DUBLIN – Ireland on Sunday became the second European nation to ask for a multibillion euro rescue loan to help stabilize its debt-ridden banks and Europe's finance ministers scrambled to talk about ways to relieve the country's debt crisis.

Other eurozone countries and the European Central Bank ha…

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Ireland says surge in borrowing costs "very serious"

DUBLIN (Reuters) – Ireland warned on Thursday that a surge in its borrowing costs to record highs had become "very serious" and the EU said it was ready to act should the humbled former "Celtic Tiger" require a rescue from its euro partners.

European officials said they were monitoring developments…

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6 blog posts