Joan Burton News
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Ireland’s dash to the bailout exit door is turning into more of a stagger than a sprint.
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Ireland’s Social Protection Minister Joan Burton said a second bailout for the country can’t be ruled out until the euro-area debt crisis is resolved, the Sunday Independent reported, citing an interview.
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Ireland’s Social Protection Minister Joan Burton said her ministry will “very shortly” detail findings on sovereign annuity. At a conference in Dublin today, she said that her ministry had done a “lot of work” on the issue.
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Irish Social Protection Minister Joan Burton said banks have a responsibility to engage with “distressed” home-loan borrowers “on a case by case basis.”
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Anglo Irish Bank Corp. and Irish Nationwide Building Society, which took a 34.7 billion-euro ($49.7 billion) bailout, “are in a different basket” to Ireland’s other lenders, said Social Protection Minister Joan Burton.
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Unemployment and emigration, the twin diseases that blighted Ireland in the 1980s before its economic boom, are returning to ail the country after the bust.
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Twelve-year-old Alonso Arroyo is worried about his friend Dario.
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Two years after assuring senior bondholders that they wouldn’t lose their money if banks failed, the Irish government is making the same promise again.
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Anthony Roche is urging his unemployed son to emigrate to Australia from Ireland to escape joblessness stemming from the country’s economic collapse.
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Ireland’s two largest opposition parties may form a coalition government after the collapse of the banking system and an international bailout handed Fianna Fail a record election defeat.
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