Friday

29th Mar 2024

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Ireland's TSB bank will need no more bailouts

EU state aid regulators said Thursday that Irish bank Permanent-TSB would need no further taxpayer bailouts, after approving the lender's restructuring plan. The bank, which is 99 percent taxpayer owned, will raise net interest margins, sell low-yielding assets and cut costs over the next three years to return to profit.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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