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☆ Eurogroup president says Europe needs to take steps to enhance its own competitiveness
▼ + stars: | 2024-04-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEurogroup president says Europe needs to take steps to enhance its own competitivenessEurogroup President Paschal Donohoe discusses the state of play in the Europe and shares his views on what can be done to reduce internal hurdles in the EU’s single market.

Persons: Paschal Donohoe Locations: Europe

☆ Georgia inmate serving life mailed bombs from prison to D.C. office building, Alaska court, feds charge
▼ + stars: | 2024-04-05 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

A man serving a life sentence for kidnapping and other crimes while in a Georgia prison built two bombs which he mailed to a District of Columbia office building and the federal courthouse and building in Anchorage, Alaska, prosecutors allege. The bomb that went to Washington, D.C., was mailed to the Bond Building, whose office tenants include the Department of Justice. "Protecting our personnel and facilities is a fundamental role of our office and of our law enforcement partners," said U.S. Attorney Jill Steinberg, whose office is prosecuting Cassady. Barry Paschal, a spokesman for the U.S. Attorney's Office, declined to comment when asked to explain the more than four-year lag between Cassady allegedly mailing the bombs, and being charged in the case. Paschal said he could not comment on details of the case beyond those contained in the indictment.

Persons: David Cassady, Cassady, Jill Steinberg, Barry Paschal, Paschal Organizations: Columbia, Washington , D.C, Bond, Department of Justice, U.S, Attorney's, DOJ Locations: Georgia, Anchorage , Alaska, Tattnall County, U.S, Statesboro , Georgia, Washington ,, United States, Anchorage

☆ Leo Varadkar: What was behind Irish PM’s shock resignation?
▼ + stars: | 2024-03-24 | by ( Niamh Kennedy | ) edition.cnn.com time to read: +7 min

CNN —Prime Minister Leo Varadkar sent shockwaves through Ireland when he candidly announced last week that he was “no longer the best person” to lead his country. Irish Times political correspondent Jennifer Bray was given less than an hour’s notice of the surprise statement from the taoiseach on Wednesday. His successor, largely tipped to be Higher Education Minister Simon Harris, will need to lead the center-right political party, Fine Gael, against a fired-up opposition. The 37-year-old who rose to prominence during his spell as health minister during the pandemic is considered by many to be a “mirror image” to Varadkar, Murphy said. Mary Lou McDonald, president of opposition party Sinn Fein, which has been making steady gains since 2020.

Persons: Leo Varadkar, Ireland’s, Varadkar, Joe Biden, Jennifer Bray, Bray, ” Gary Murphy, ”, ” Murphy, “, Simon Harris, Murphy, Varadkar “, Boris Johnson “, resoundingly, Nick Bradshaw, Paschal Donohoe, Harris, Tik Tok, “ Simon Harris, ” Bray, Mary Lou McDonald, Sinn Fein, Charles McQuillan, Sinn Féin Organizations: CNN —, Israel, Irish Times, Wednesday, CNN, Dublin City University, Higher Education, Fine Gael, Irish, Catholic Church Locations: shockwaves, Ireland, Gaza, Irish, Brussels, United Kingdom, Bray, Varadkar

☆ This is the world’s rarest passport
▼ + stars: | 2024-02-01 | by ( Lola Méndez | ) edition.cnn.com time to read: +7 min

CNN —The Sovereign Military Order of Malta – also known as the Knights of Malta – isn’t just a religious Catholic order with nearly 1,000 years of history. After World War II, the use of the diplomatic passport took on characteristics of passports used in other countries. Today, there are only around 500 of the diplomatic passports in circulation – making it the rarest passport in the world. robertharding/Alamy Stock Photo“The Order grants passports to members of their government for the duration of their mandate,” de Petri Testaferrata says. Once when I arrived at the Bangkok airport, a crowd of operators at passport control wanted to see my rare passport and take a selfie with it,” Balfour tells CNN.

Persons: Malta –, It’s, King, Spain, Napoleon Bonaparte, Daniel de Petri Testaferrata, Angelo, ” de Petri Testaferrata, Marianna Balfour, “ They’ve, ” Balfour, De Petri Testaferrata, John Kellerman, Anne, de Valette, Paschal II, ” Dane Munro, Don’t, Grand, Michelangelo Merisi da Caravaggio, Caravaggio, St John’s, St John ”, Finnbarr Webster, Casa Rocca Piccola, de Piro, Munro, Marquis Nicholas de Piro, Knight of Malta Don Pietro Rosselli Organizations: CNN, Knights, Knights of Malta – isn’t, United Nations, Sovereign Council, Souverain, Fort, UNESCO, “, Casa Magazzini, National Library of Malta, of, Supreme, Grand Masters, of Ambassadors, St, Maltese Association of Locations: Malta, Knights of Malta, Jerusalem, Maltese, Rome, of Malta, St, robertharding, Bangkok, France, United Kingdom, United States, Knights, Valletta, Mdina, Knight

☆ Fiscal policy has not played a big role in stopping inflation falling, Eurogroup president says
▼ + stars: | 2024-01-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFiscal policy has not played a big role in stopping inflation falling, Eurogroup president saysEurogroup President Paschal Donohoe discusses EU fiscal and monetary policy, reducing euro area borrowing and the Capital Markets Union.

Persons: Eurogroup, Paschal Donohoe Organizations: Capital Markets Union

Earlier Sunday, the Irish prime minister lauded the release of Emily Hand, an Israeli-Irish girl whose story has captivated both nations. Our prayers have been answered,” Irish Prime Minister Leo Varadkar posted on the X platform, formerly known as Twitter. The girl was initially believed to have been killed in the Oct. 7 assault on southern Israel by Hamas and other militants. Emily Hand was not ‘lost,’ she was kidnapped by a terror organization worse than ISIS,” Israeli Foreign Minister Eli Cohen tweeted. He alleged that Varadkar was “trying to legitimize and normalize terror,” and summoned the Irish ambassador to Israel for a reprimand.

Persons: —, Emily Hand, Leo Varadkar, Emily, Varadkar's, Mr, Eli Cohen, Varadkar, ”, Paschal Donohoe, Israel, ___ Sylvia Hui Organizations: JERUSALEM, Twitter, ISIS, Israeli Foreign Ministry, Union Locations: Irish, Israeli, Israel, Gaza, Belgium, Spain, Palestinian, London

☆ ‘High on the Hog’ Returns With Stories of Food, Resistance and Legacy
▼ + stars: | 2023-11-21 | by ( Korsha Wilson | ) www.nytimes.com time to read: +1 min

When Georgianne Thomas, 80, an author and adjunct professor of humanities at Clark Atlanta University, pushes aside the yellow bracelet adorning her wrist to reveal a burn mark, the table of people she’s dining with are stunned. “It did something to me, but it didn’t stop me,” Dr. Thomas says, as Stephen Satterfield, 38, the writer and founder of Whetstone Media, wipes tears from his eyes across the table from her. The conversation is part of the second season of Netflix’s “High on the Hog,” a docuseries exploring African American influence on cooking and cuisine in the United States. Over a meal at Paschal’s, a longtime soul food restaurant in Atlanta, Dr. Thomas, Charles Black and Marilyn Pryce Scott, all in their 80s, talk to a visibly moved Mr. Satterfield about joining a protest led by the Rev. Dr. Martin Luther King Jr. demanding service at the segregated Rich’s Department Store.

Persons: Georgianne Thomas, ” Dr, Thomas, Stephen Satterfield, Charles Black, Marilyn Pryce Scott, Satterfield, Martin Luther King Jr Organizations: Clark Atlanta University, Ku Klux, Spelman College, Whetstone Media, Rich’s Locations: Atlanta, United States

BALTIMORE (AP) — The Archdiocese of Baltimore will close one of the city’s Catholic churches after its longtime pastor was recently suspended from ministry because he admitted to making a payment several years ago to settle sexual harassment allegations. Church officials have said they regarded “alleged sexual harassment of an adult man.” The complainant died in 2020 and a lawyer representing him in the case has declined to comment citing a non-disclosure agreement. In a joint statement with the archdiocese on Saturday, monastery leaders said they wouldn’t name a new pastor to replace Morlino. Political Cartoons View All 1234 ImagesThe church in Baltimore will continue to host community events and outreach programs, officials said. The archdiocese said it learned about the settlement last month when reporters for The Baltimore Banner inquired about it.

Persons: Paschal Morlino, Benedict Church, Morlino, . Benedict, Saint Vincent Archabbey, ” Organizations: BALTIMORE, —, St, Benedict, Morlino, Baltimore Locations: — The, Baltimore, Pennsylvania

☆ German economy has seen 'nearly miraculous' change: Eurogroup president
▼ + stars: | 2023-10-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGerman economy has undergone 'nearly miraculous degree of change' in last year: Eurogroup presidentPaschal Donohoe, president of Eurogroup, discusses the state of Europe's economy, saying there are reasons to be concerned but also signs of resilience.

Persons: Eurogroup, Paschal Donohoe

☆ Ireland hikes bank levy to 200 mln euros, revises methodology
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Clodagh Kilcoyne/ File Photo Acquire Licensing RightsDUBLIN, Oct 10 (Reuters) - Ireland will revise how it calculates its levy on banks after announcing plans to raise 200 million euros ($211.7 million) from the measure next year, up from 87 million euros in 2023, Finance Minister Michael McGrath said on Tuesday. The share paid by the remaining three banks is based on the amount of deposit interest retention tax (DIRT) each pay. McGrath told a news conference that the basis of the levy will change to being related to the value of a lender's deposits. Analysts at Davy Stockbrokers had said that an increase to 200 million euros based on the existing DIRT would have had an outsized impact on Permanent TSB (PTSB.I), relative to its larger rivals AIB (AIBG.I) and Bank of Ireland (BIRG.I). Davy estimated that the incremental impact from an increase based on retail or household deposits would be in the range of 2-3% of 2024 profit before tax across all three banks, based on its current forecasts.

Persons: Finance Paschal Donohoe, Michael McGrath, Clodagh, McGrath, Davy Stockbrokers, Davy, Padraic Halpin, William Schomberg, Mark Heinrich Our Organizations: Finance, Public Expenditure, REUTERS, Rights, TSB, AIB, Bank of Ireland, Thomson Locations: Dublin, Ireland, LONDON

☆ He Raised Millions for Bibles but Spent It on Gambling and Gold, U.S. Says
▼ + stars: | 2023-08-03 | by ( Chang Che | More About Chang Che | ) www.nytimes.com time to read: +1 min

To Amish and Mennonite communities in Ohio, North Carolina and Pennsylvania, Jason Gerald Shenk was a devout missionary spreading the word of God overseas. With their financial help, he would send Bibles and other Christian literature to China, where Christianity has long been curtailed by the Chinese Communist Party. A federal investigation into Mr. Shenk’s whereabouts is underway in conjunction with authorities in other countries, said Barry L. Paschal, a spokesman for the Southern District of Georgia. Prosecutors said Mr. Shenk renounced his citizenship in 2016 to avoid reporting his finances, and he is believed to be residing outside of the United States. It is not clear if Mr. Shenk has a lawyer.

Persons: Jason Gerald Shenk, Shenk, Barry L, Paschal, Prosecutors Organizations: Chinese Communist Party, Federal, United States Attorney’s Office, Southern, Southern District of, Southern District of Georgia Locations: Ohio , North Carolina, Pennsylvania, China, Santiago , Chile, United, Southern District, Southern District of Georgia, Georgia, United States

☆ Paschal Donohoe: Inflation picture is improving but journey not complete
▼ + stars: | 2023-07-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPaschal Donohoe: Inflation picture is improving but journey not completeCNBC's Charlotte Reed speaks to Paschal Donohoe, the president of the Eurogroup, and Laurence Boone, France's minister of state for Europe, at the Aix-en-Provence economic forum.

Persons: Paschal, Charlotte Reed, Paschal Donohoe, Laurence Boone Locations: Europe, Aix, Provence

Opposition parties are clamouring for a vote in parliament, but Meloni said on Wednesday that was not about to happen and linked the debate to ongoing discussions on a broader reform of European budget rules. "Italy's interest is addressing negotiations on European governance, which covers the entirety of our national interests," she told parliament. "Meloni does not want to leave the anti-ESM front to Salvini and nobody wants to lose face," he told Reuters. Despite irritation in Brussels over the dithering in Rome, EU officials have told Reuters that any attempt by Meloni to link ESM approval to much more significant budget reform will not pay off. Italy, which has the second largest debt mountain in relation to its GDP in the euro zone after Greece, has criticised the suggestion.

Persons: Giorgia, Meloni, Matteo Salvini, Francesco Galietti, Paschal Donohoe, Francesco Saraceno, Crispian Balmer Organizations: ROME, European Union, Treasury, Reuters, European, Rome's Luiss University, Sciences Po, European Commission, Thomson Locations: Italy, Brussels, Rome, Sciences Po Paris, Greece, Rome's

In March, depositors fled Silicon Valley Bank (SIVB.O), withdrawing $42 billion in 24 hours, some via their mobile phones. Information about the bank's difficulties spread fast online, creating a social media-driven bank run. Officials said the bank turbulence added urgency to discussions of a European Commission proposal to broaden the EU's bank resolution framework, now applied to just over 100 of the biggest European banks, to smaller and medium-sized lenders. The proposal, called Crisis Management and Deposit Insurance (CMDI) was requested by EU finance ministers in mid-2022. It would ensure that the resolution of smaller banks could be paid for from the EU's resolution fund, financed by banks, rather than by taxpayers.

☆ Eurogroup president says Biden's Ireland visit signals the need to safeguard stability
▼ + stars: | 2023-04-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEurogroup president says Biden's Ireland visit signals the need to safeguard stabilityEurogroup President Paschal Donohoe says that U.S. President Joe Biden's visit to Northern Ireland sends an important signal about safeguarding political and economic stability, particularly in the wake of Brexit.

☆ At Easter vigil, Pope Francis encourages hope amid 'icy winds of war'
▼ + stars: | 2023-04-08 | by ( Philip Pullella | ) www.reuters.com time to read: +2 min

[1/5] Pope Francis presides over the Easter Vigil in Saint Peter's Basilica at the Vatican, April 8, 2023. REUTERS/Remo CasilliVATICAN CITY, April 8 (Reuters) - Pope Francis led the world's Roman Catholics into Easter at a Saturday night vigil Mass in St. Peter's Basilica, decrying the "icy winds of war" and other injustices. The 86-year-old Francis skipped an outdoor event on Friday night because of unseasonably cold temperatures in Rome. Francis appeared to be well during the Easter Vigil service, during which he baptised eight adult converts to Catholicism. Easter is the most important day in the Christian liturgical calendar because it commemorates the day the Bible says Jesus rose from the dead.

☆ ECB to reassure EU leaders on bank stability, call for EU deposit insurance
▼ + stars: | 2023-03-24 | by ( Jan Strupczewski | ) www.reuters.com time to read: +3 min

"She will ask the leaders to complete their Banking Union and go forward on the Capital Markets Union." EU DEPOSIT INSURANCE NEEDED TO COMPLETE BANKING UNIONEU leaders are likely to get a similar message on banks from the chairman of euro zone finance ministers Paschal Donohoe. "Completing the Banking Union" is EU code for introducing a European Deposit Insurance Scheme (EDIS), the last missing element from the project launched in 2012. The Banking Union is already two-thirds complete. The Capital Markets Union was launched in 2015 to facilitate access to private capital by EU companies, which now mainly depend on bank loans for any financing.

☆ Expansionist dreams threaten ECB digital euro plan
▼ + stars: | 2023-01-17 | by ( Rebecca Christie | ) www.reuters.com time to read: +4 min

The idea of a digital euro with the same reserve backing as its physical equivalent is thus partly about Frankfurt controlling the process. At best, a digital euro could bring more citizens into the banking system, particularly those who don’t have enough money for traditional financial services products. That jars with central bankers’ preference to limit the digital euro to the EU at first. The euro does not need a digital currency, but its members have signalled they want one. Reuters GraphicsFollow @rebeccawire on TwitterCONTEXT NEWSEuro area finance ministers issued a statement on the so-called digital euro on Jan. 16, calling for political oversight and an international approach of a European central bank digital currency (CBDC).

☆ Varadkar targets housing crisis on return as Irish prime minister
▼ + stars: | 2022-12-17 | by ( Padraic Halpin | ) www.reuters.com time to read: +2 min

"I am thinking in particular of housing and how we have to go all-out to turn the corner on rising homelessness and falling homeownership. The 2020 coalition deal - which included the smaller Green Party - for the first time united Martin's Fianna Fail and Varadkar's Fine Gael, which are Ireland's dominant centre-right parties and have led every government since independence a century ago. Finance Minister Paschal Donohoe and Public Expenditure Minister Michael McGrath will also swap roles under the deal while Martin, who will become deputy prime minister, is also expected to be appointed foreign minister. Varadkar indicated he would make very few other changes when he names his cabinet at around 1700 GMT. "We live in an Ireland where the housing emergency has gotten worse and where households struggle to get by.

☆ EU's Donohoe: Peak of European inflation behind us
▼ + stars: | 2022-12-15 | by ( Silvia Amaro | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEU's Donohoe: Peak of European inflation behind usPaschal Donohoe, president of the Eurogroup, discusses the challenges facing Europe, inflation in the euro zone, and when he thinks a consensus over new fiscal rules will be reached.

☆ Russian oil cap will work, EU ministers insist, despite Kremlin opposition and broad skepticism
▼ + stars: | 2022-12-06 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

G7, the EU and Australia implemented on December 5 a cap on Russian oil prices. BRUSSELS — A price cap on Russian seaborne oil will work, EU ministers told CNBC, despite attempts from the Kremlin to escape sanctions and a broad market skepticism over the measure. When asked if the oil cap can work in reducing Russia's oil revenues, Irish Finance Minister Paschal Donohoe said, "Yes, it can." One of the big open questions is the role of India and China in the implementation of this price cap. "Then we will assess the consequences of the implementation of this oil cap," he added.

☆ Ireland picks cheeky moment to lift bank bonus cap
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 30 (Reuters Breakingviews) - Ireland’s plan to lift a cap on bankers’ bonuses looks ill-timed. On Tuesday, Finance Minister Paschal Donohoe said Dublin will lift a 500,000 euro crisis-era cap on annual executive salaries and allow bonuses of up to 20,000 euros for bank workers. However, Irish bank bosses have long argued salary constraints made it difficult to retain top talent. The remaining big bank duopoly of AIB (AIBG.I) and Bank of Ireland (BIRG.I) means a customer backlash is unlikely as there is little alternative. Still, championing higher pay for bankers is a gutsy move in the middle of a cost-of-living crisis.

☆ Ireland sells 5% of AIB for 397 million euros
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +1 min

DUBLIN, Nov 8 (Reuters) - Ireland sold 5% of Allied Irish Banks (AIB) (AIBG.I) to institutional investors for 396.6 million euros ($396.24 million), the finance ministry said on Tuesday, part of a drive to sell down bank stakes acquired during the financial crisis. The state's stake stood at 71% at the start of the year. Ireland pumped 64 billion euros ($64.2 billion), or almost 40% of its then annual economic output, into the country's banks just over a decade ago following a huge property crash. It sold the last of its shares in Bank of Ireland (BIRG.I) in September. ($1 = 1.0009 euros)Writing by Conor Humphries; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Ireland to sell 8% of its majority stake in AIB in one go
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +1 min

DUBLIN, Nov 7 (Reuters) - The Irish government received more than enough demand to cover the sale of 8% of its majority stake in Allied Irish Banks (AIB) (AIBG.I) in an accelerated book build on Monday, one of the joint bookrunners said. The state's stake stood at 71% at the start of the year. AIB shares closed up 1.96% at 3.20 euros on Monday. The last placing, conducted before euro zone banks began to benefit from European Central Bank interest rate hikes, was priced at 2.28 euros per share. Ireland pumped 64 billion euros ($64.2 billion), or almost 40% of its then annual economic output, into the country's banks just over a decade ago following a huge property crash.

☆ Ireland to extend business energy supports to newly opened businesses
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +1 min

DUBLIN, Oct 18 (Reuters) - Irish businesses that have opened in the last year will be able to avail of an energy grant scheme that was initially limited to those that had been established for longer, Finance Minister Paschal Donohoe said on Tuesday. The government introduced the 1.25 billion euro scheme in last month's budget, providing businesses such as hotels, shops and restaurants with up to 40% of the increase in electricity or gas bills if those costs have risen by over 50% year-on-year. Donohoe said a new procedure to facilitate more recently opened businesses will be included in the legislation underpinning the budget to give them access the scheme and not put them at a competitive disadvantage. He said the legislation to be published on Thursday would also extend the scheme, which is capped at 10,000 euros per month and due to last until February, to some professional services. Register now for FREE unlimited access to Reuters.com RegisterReporting by Padraic Halpin; Editing by Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

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