Results for Europe
- Irish Woes Should Speed Europe’s Default Plan
As the European Union attempts to force it to accept an aid package, Ireland’s government is close to being unable to sell its debt on the open market, a fate that befell Greece last spring, the Financial Times reported. Bond spreads in Spain, Italy ...
Daily Headline - global.abi.org - 11/16/2010 - 10:40 - 0 comments
- ‘The Bar Has Been Raised On Examinerships. This Is The New Bar’
The scheme of arrangement for airline Aer Arann, and the process of getting it approved are the new standard, the airline’s examiner, Michael McAteer tells Padraic Ryan, InsolvencyJournal.ie reported. To hear Michael McAteer describe the scheme of ar ...
Resource Article - global.abi.org - 11/15/2010 - 10:12 - 0 comments - 0 attachments
- Potential EBS Buyer Wary Of Debt Relief
An investor in the private equity consortium bidding for EBS building society – one of two final bidders for the lender – says that debt forgiveness for its borrowers would only be considered in limited cases or not at all, The Irish Times reported. ...
Daily Headline - global.abi.org - 11/15/2010 - 10:06 - 0 comments
- Irish Resist EU's Push to Accept a Rescue
Europe's debt crisis entered a critical new phase as Ireland resisted pressure from the European Central Bank and national governments to seek a bailout amid growing concern that the currency bloc could unravel, The Wall Street Journal reported. ...
Daily Headline - global.abi.org - 11/15/2010 - 10:03 - 0 comments
- IMF Says More Time Needed to Gauge Iceland Debt-Relief Impact on Finances
including forgiving as much as 15.5 percent of mortgage debt. The IMF, which is leading a $4.6 billion loan ...
Daily Headline - global.abi.org - 11/15/2010 - 09:57 - 0 comments
- Decline In Constuction Activity Increases
There may have been good news for home building group McInerney this week, when Ireland’s High Court extended its period of examinership protection, but elsewhere, there was a further sign of the difficulties in the construction industry with the release ...
Daily Headline - global.abi.org - 11/12/2010 - 11:27 - 0 comments
- Ireland Says Surge In Borrowing Costs "Very Serious"
Ireland warned on Thursday that a surge in its borrowing costs to record highs had become "very serious" and the EU said it was ready to act should the humbled former "Celtic Tiger" require a rescue from its euro partners, Reuters rep ...
Daily Headline - global.abi.org - 11/12/2010 - 11:20 - 0 comments
- Rok PLC Administrator Lays Off Nearly A Fifth Of Workforce
Nearly a fifth of jobs at maintenance and building services group Rok PLC are to go, after the company followed peer Connaught PLC in to administration following a prolonged spell of plunging profits amid tough trading conditions, Dow Jones Daily Bankrup ...
Daily Headline - global.abi.org - 11/12/2010 - 11:18 - 0 comments
- McNamara Enters Receivership
Nama and the banks have taken effective control of Michael McNamara and Company, one of the biggest building and civil engineering groups in the Republic, after the State's assets agency rejected the group’s business plan, The Irish Times report ...
Daily Headline - global.abi.org - 11/12/2010 - 11:15 - 0 comments
- Agencies Compete For Insolvencies
Two Dublin-based estate agencies are to go into direct competition with insolvency accountants to handle the ever-increasing number of properties going into receivership, The Irish Times reported. The agencies are in the process of setting up individ ...
Daily Headline - global.abi.org - 11/10/2010 - 09:04 - 0 comments