Showing posts with label became. Show all posts
Showing posts with label became. Show all posts

How the Ireland boom became bust

On 15 January 2009:Bank Anglo-Irish is nationalized amid loan scandals and fears about a failed book loan.

11 February: A program of Bank recapitalisation €represents is announced, with the Government to take Allied Irish Banks preferred shares and the Bank of the Ireland.

February 24: The Government wishes to bring to justice those who risked their economic security of the country after the fraud squad in the siege of Anglo.

March 3: Prime Minister Brian Cowen announced a supplementary budget to raise more revenue and reduce expenditure.

April 7: It unveils a budget contingency, the doubling of income and health levies and announcing controversial "bad bank", the national agency of management of real estate (Nama).

9 December: Finance Minister Brian Lenihan Announces €4 sections and the budget 2010, saying the economy Minister tax hikes had turned a corner.

29 January 2010: Central Bank of the Ireland predicts that the country's economy will transform the corner of the summer.

9 June: A Professor of the Central Bank Governor Patrick Honohan damning and experts Klaus Regling and Max Watson report said that the banking collapse was the result of decisions "home-made" rather than the global economic crisis.

September 20: Prof Honohan warns that more of the expected €3 necessary cuts in the budget.

November 4: It shows that it will impose a budget reduction of costs for €6bn for 2011 - twice the initial estimate.

November 12: Mr. Cowen refuses the what Ireland discussed Europe of reports behind-the-scenes talks emergency fund.

November 14:Two Ministers Cabinet to reject suggestions for a bond with a marked their fiction.

November 18: Prof Honohan, expects the country to obtain a loan worth tens of billions, thanks to an agreement International Monetary Fund-European Union rescue.

21 November: The Government confirms that it will seek a bailout IMF/EU.

November 22: The Greens, the coalition partner call for a general election. The Prime Minister said that he would dissolve the Dail after that laws are passed to adopt budget 2011.

November 24: A plan of €15bn for four years to restore paralyzed finance is unveiled.

November 28: The Government announces a €85bn IMF/EU bailout.

December 7: Parliament to vote the budget austerity.


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