February 7, 2013 |
LONDON - Ireland sealed a deal with the European Central Bank on Thursday to ease the crippling cost of its public bailout of failing banks, keeping the country on track to wean itself from international emergency loans. By overhauling repayment of the debts it incurred to rescue its banks, Ireland will be on track by the end of 2013 to be able to borrow money on the open market the way most other governments do. It was effectively shut out of those markets at the end of 2010, when the gaping hole ripped into its budget by the bank bailout forced Dublin to go cap in hand to its European partners and the International Monetary Fund.
March 31, 2010 |
Ireland's banks may need at least $42.7 billion in new capital after a real estate slump left them crippled by mounting bad loans. The fund-raising requirement was announced after the National Asset Management Agency, the country's so-called bad bank, said it would pay 53 cents on the dollar for the first block of loans it is buying from lenders, and the financial regulator set new capital targets. The discount compares with the government's estimate of 70 cents. "Our worst fears have been surpassed," Finance Minister Brian Lenihan said in Parliament in Dublin on Tuesday.
June 21, 2011 |
How many hotels can claim "excellence since 1228"? Ashford Castle can -- though I'm not sure what passed for luxury in the 13th century. Flash forward to today: The landmark castle-turned-hotel in western Ireland is offering a package with a free night starting at $1,149 for a three-night stay. The deal: Ashford Castle in Cong, County Mayo, was indeed built as a castle, but then it was rebuilt as a hunting and fishing lodge in the 1800s, according to the hotel's website . It location, 300 acres on the Cong River and the banks of Lough Corrib, means you can go fishing and boating without having to go far afield.
May 22, 2013 |
The Galaxy reversed course and allowed star forward Robbie Keane to join Ireland's national soccer team for two exhibition games, or friendlies. The Football Assn. of Ireland said Wednesday that Keane, the Irish team's captain, could play in the club's games against England at Wembley Stadium on May 29 and against the nation of Georgia at Aviva Stadium in Dublin on June 2. Keane, 32, initially was expected to miss the matches due to Galaxy commitments but later received clearance, the association said.
November 28, 2010 |
European officials rescued their second country in seven months Sunday, offering financially strapped Ireland a bailout package worth $113 billion in a bid to shore up confidence in the battered euro. Dublin quickly accepted the emergency lifeline, hoping to calm anxious investors ahead of the opening of international markets Monday. The move was a humiliating climb-down for the Irish government, which had insisted for weeks that it did not need outside help to deal with its crushing public debt and decimated banking sector.
May 31, 2013 |
WASHINGTON -- Ireland's ambassador to the U.S. declared Friday that his nation was not a tax haven for Apple Inc., formally disputing a congressional report that said company executives had negotiated a special low rate to shelter much of the firm's foreign earnings. "The tax rates attributed to Ireland are wrong and misleading," the ambassador, Michael Collins, wrote to Sens. Carl Levin (D-Mich.) and John McCain (R-Ariz.) of the Senate's Permanent Subcommittee on Investigations in a letter released Friday.
March 4, 2009 |
Bono wants to save the world. But can the U2 front man save his homeland? Not long ago, the relentlessly philanthropic rock star, his band and a team of property developers looked at Dublin's dilapidated docklands and envisioned a tower that would rise like an exclamation mark punctuating the Irish capital's rejuvenation. The U2 Tower would be Ireland's tallest building, complete with luxury apartments and a recording studio for Bono and the boys.
August 31, 2012 |
Neither jet lag nor late arriving luggage could put a damper on a historic trip to Dublin, Ireland, by the Sherman Oaks Notre Dame High football team. The Knights took care of business Friday, getting a 60-yard interception return for a touchdown by Nick Holland en route to 27-15 victory over Hamilton of Chandler, Ariz. The Knights left Southern California on Tuesday and encountered some travel problems on the way to Dublin. They had to practice two days without shoulder pads while waiting for their luggage to arrive, but Coach Kevin Rooney made sure the team wasn't distracted in its preparations.