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02/12/2010
EC Bailout Details Follow Dáil Debate
Just hours after the Irish premier, Brian Cowen used the second day of a special debate in the Dáil to further outline the contentious European funding programme for Ireland, the full details have been published for public consumption.
On foot of his briefing the TDs, the Department of Finance released an outline of the deal on the €85bn financial package agreed between the Government, the European Union and the International Monetary Fund.
The memorandum of understanding said the agreement is subject to quarterly reviews to ensure that the Government is complying with the terms of the deal.
The document commits the Government to providing all information requested by the EU, European Central Bank and IMF, while the Government must also consult these bodies on any policies that are 'not consistent' with the agreement.
It includes a commitment to take tax and spending measures of €6bn in the Budget, including those outlined in the four-year plan published last week.
The agreement also includes measures on the banking system outlined by the Central Bank last Sunday.
The documents released on Wednesday also list a range of figures and reports which the Department of Finance, Central Bank and National Treasury Management Agency must make available to the EU and IMF on a regular basis.
These include weekly figures on the main aspects of Government spending and revenue and quarterly figures on public service wages and numbers.
The Central Bank must also provide weekly detailed information on the Irish banking system, including detailed information on deposits and loans in the main banks.
(BMcC/KMcA)
On foot of his briefing the TDs, the Department of Finance released an outline of the deal on the €85bn financial package agreed between the Government, the European Union and the International Monetary Fund.
The memorandum of understanding said the agreement is subject to quarterly reviews to ensure that the Government is complying with the terms of the deal.
The document commits the Government to providing all information requested by the EU, European Central Bank and IMF, while the Government must also consult these bodies on any policies that are 'not consistent' with the agreement.
It includes a commitment to take tax and spending measures of €6bn in the Budget, including those outlined in the four-year plan published last week.
The agreement also includes measures on the banking system outlined by the Central Bank last Sunday.
The documents released on Wednesday also list a range of figures and reports which the Department of Finance, Central Bank and National Treasury Management Agency must make available to the EU and IMF on a regular basis.
These include weekly figures on the main aspects of Government spending and revenue and quarterly figures on public service wages and numbers.
The Central Bank must also provide weekly detailed information on the Irish banking system, including detailed information on deposits and loans in the main banks.
(BMcC/KMcA)
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08 November 2002
Northern Bank posts record annual results
The annual results from the Northern Bank have revealed pre-tax profits of £111m up 13% on the previous corresponding year-end figures. The results include a £19.9m profit in relation to the disposal of subsidiary company Northern Bank Insurance Services to Wealth Management Europe Holdings another subsidiary of National Australia Bank.
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Ulster Bank Announce New Vertical Bank Notes
Ulster Bank has announced the introduction of two new vertical polymer banknotes, which will enter circulation in 2019. The new £5 and £10 notes are based on the theme 'living in nature' and will feature Strangford Lough, Brent geese, Lough Erne, the Irish hare and Guelder-rose shrubs.
Ulster Bank Announce New Vertical Bank Notes
Ulster Bank has announced the introduction of two new vertical polymer banknotes, which will enter circulation in 2019. The new £5 and £10 notes are based on the theme 'living in nature' and will feature Strangford Lough, Brent geese, Lough Erne, the Irish hare and Guelder-rose shrubs.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
