Ireland, Europe Debt Crisis | featured news

EU finance ministers agreed to allow Portugal and Ireland to repay their bailout loans later than initially agreed, in a bid to help the two governments wean themselves off bailout money in the coming year.

Hospitals in debt-ridden Ireland will send some patients home at weekends after the country’s public health services announced fresh cuts, according to a media report Friday.

Ireland was poised to announce a "yes" vote to a European budget discipline treaty on Friday, but the referendum result brings little respite to a euro zone tormented by doubts over Greece's future in the currency bloc and Spain's wobbly banks.

A Moody's downgrade and growing speculation Greece may eventually restructure its debt took the shine off Ireland's thumbs-up from the EU and the IMF on Friday for its efforts to claw its way back from crisis.

Ireland's ailing banks need another euro24 billion ($34 billion) in cash in a move that will leave all of them under state control and facing a complete overhaul, officials announced Thursday in a long-awaited effort to cap a 3-year banking crisis....

Stress tests on Ireland's four main lenders will reveal a capital hole of around 20 billion euros ($28.2 billion), The Sunday Business Post reported, without citing any sources.

Irish Prime Minister Brian Cowen's surprise plan to reshuffle his cabinet weeks before a general election risked backfiring badly on Thursday with coalition partners and backbenchers fuming over the move.

Prime Minister Brian Cowen said Sunday that he won’t resign despite criticism of his management of the country’s its deficit and the international bailout.

Ireland's parliament approved a multi-billion euro EU/IMF bailout package on Wednesday in the face of opposition threats to renegotiate the deal to force losses on some senior bondholders in Irish banks.

Ireland's international bailout relieved investors Monday but outraged many across the country who find that a requirement to raid state pension ...