Topic: Ireland

ECB's Stark sees crisis solved in 1 to 2 years

ZURICH (Reuters) - European Central Bank policymaker Juergen Stark sees the euro zone crisis over in the next year or so as politicians have started to realize the need for painful action."I assume that in 1-2 years at the latest the crisis ...

S&P likely to cut ratings of France, others if economies crash

(Reuters) - Standard & Poor's will likely lower the credit standing of five European nations, including top-rated France, by one or two notches if the region slips into recession and government borrowings increase, the rating agency said in a report.The stress-test report ...

European treasury needed to avoid Depression: Soros

(Reuters) - Billionaire investor George Soros has warned Europe's debt crisis risks triggering another Great Depression unless euro zone leaders adopt a series of radical policy measures, including the creation of a common treasury.Soros, in an article for the New York Review ...
Britain's bailed-out Lloyds bank said Thursday it plunged into vast losses in the first half, after setting aside billions of pounds to compensate customers over mis-sold payment protection insurance.Lloyds Banking Group (LBG), which is 40.2-percent owned by the state after a huge ...

European suicide rates pushed higher by financial crisis

LONDON (Reuters) - Suicides rates rose sharply in Europe in 2007 to 2009 as the financial crisis drove unemployment up and squeezed incomes, with the worst hit countries like Greece and Ireland seeing the most dramatic increases, researchers said on Friday.But rates ...

Clinton urges strong Europe action on debt crisis

US Secretary of State Hillary Clinton on Saturday called on European leaders to make a powerful response to economic crises rippling across Europe.During a visit to Madrid she also praised reforms by Spanish Prime Minister Jose Luis Rodriguez Zapatero to revive the ...

Irish economy slumps, stoking eurozone tensions

Ireland's economy shrank in the fourth quarter of 2010, data showed Thursday, sparking new tensions over the eurozone debt crisis amid fears that Portugal could be next for an EU-IMF bailout.Irish gross domestic product (GDP) shrank by 1.6 percent in the three ...

Suicides reveal tragedy behind Irish crisis

DUBLIN (Reuters) - Nearly six years after the death of his son, John Quinn is able to work again, socialize and to all intents and purposes live a near normal existence.But the sight of his 17-year-old son hanging limp from a noose ...

ECB's Trichet: Ireland must stick to bailout plan

PARIS (Reuters) - European Central Bank head Jean-Claude Trichet said on Monday euro zone countries must do more individually and collectively to combat the bloc's debt crisis, and Ireland must stick "rigorously" to its bailout plan.In a position paper published on its ...

Osborne: Europe debtors should solve 'own problems'

Chancellor of the Exchequer George Osborne offered some tough love to Europe on Sunday, saying the nations in the region haunted by mounting deficits need individually to "resolve their own problems."Osborne stressed that European countries like Portugal or Ireland with balance sheets ...
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