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A man tries to look inside a branch of Laiki Bank in Nicosia a few hours before the reopening of the banks on the island last month. Photograph: Yorgos Karahalis/Reuters

Occasionally tuning in to the unfolding of the Cyprus fiasco on holiday over the past few weeks was a somewhat surreal experience. The conditio(...)

European Central Bank President Mario Draghi. Photograph: Lisi Niesner

A final decision on the adjustment of the maturities of Ireland and Portugal’s bailout loans may not be taken at next week’s meeting of euro zo(...)

The ECB headquarters in Frankfurt. Photograph: Lisi Niesner/Reuters

A sense of anticipation surrounded Mario Draghi’s appearance at the monthly ECB press conference yesterday, his first since the eruption of the(...)

Delegates convey their anger  as Minister for Education Ruairí Quinn addresses the ASTI convention on Tuesday. Photograph:  Patrick Browne

The education conferences are over for another year, and the opportunity that Easter week offers to teachers through their trade unions to comm(...)

A man walks past a branch of Bank of Cyprus in Nicosia. REUTERS/Yorgos Karahalis

Cyprus will receive €1 billion from the International Monetary Fund as part of the €10 billion rescue package it agreed late in March with euro(...)

A homeless man sleeping on Kildare St in Dublin. “Great disparities in wealth and power divide society into the rich and the poor.” Photograph: Dara Mac Dónaill/The Irish Times

Ireland needs a new guiding vision. The economic crisis of recent years is principally the result of the failure of an economic and social phil(...)

Moody’s said it was keeping its outlook for ireland at negative. Photograph: Scott Eells/Bloomberg

Ratings agency Moody’s has affirmed its negative outlook on Ireland’s sovereign rating, as the EU bailout of Cyprus and poor asset quality in the I(...)

“It was the Irish government that imposed the farthest-reaching guarantee for its banking system at the start of the crisis – on its own initiative,” said German finance minister Wolfgang Schäuble. Photograph: Eric Luke

On a dismal Tuesday night, 600 Berliners have braved the snow and a bitter, Siberian wind to fill the Deutsches Theater. Six bankers prowl the (...)

A man waits to make a transaction at a Laiki Bank ATM in Nicosia yesterday. Cyprus’s two insolvent banks are being put through resolution procedures that will see equity holders and bondholders lose out and uninsured deposits subjected to a substantial write-down. Photograph: Reuters/Yorgos Karahalis

From an Irish perspective the most remarkable aspect of events in Cyprus is how they represent a complete reversal of Eu ropean policy from the(...)

(L-R) International Monetary Fund executive director Christine Lagarde, Eurogroup president Jeroen Dijsselbloem and European Economic and Monetary Affairs Commissioner Olli Rehn attend a news conference at the end of a Eurogroup meeting at the European Council building in Brussels. Photograph: Sebastien Pirlet/Reuters

Cyprus clinched a last-ditch deal with international lenders today for a €10 billion bailout that will shut down its second largest bank and in(...)

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