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Opening Bell: Greece counts the days, Clery's future, Anglo trial begins

Emergency talks between Greece and its international creditors collapsed last night after Greece ...
Newstalk
Newstalk

07.58 15 Jun 2015


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Opening Bell: Greece counts th...

Opening Bell: Greece counts the days, Clery's future, Anglo trial begins

Newstalk
Newstalk

07.58 15 Jun 2015


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Emergency talks between Greece and its international creditors collapsed last night after Greece tabled new economic reform proposals which were quickly rejected.

The Greek negotiating team, including PM Alexis Tsipras left the European Commission 45 minutes after they had entered.

A spokesperson from the Commission commented on the talks, saying that some progress was made - but "the talks did not succeed," adding that the matter will be taken up again at this week's Eurogroup meeting of the eurozone's finance ministers on Thursday.

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Greece hopes to unlock all or part of its outstanding €7.2bn in bailout funding before the end of this month when the country is due to repay €1.5bn to the IMF. 

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While the new owners of Clery’s, Natrium, have declined to provide any official update about their plans for the iconic store, there is increasingly informed speculation that they plan a mixture of office and leisure facilities, possibly a hotel for the building’s upper floors.

Interestingly, it’s also speculated they will seek planning for a new ground floor shopping gallery or mall that will link O’ Connell Street to Marlborough Street at the rear and that will host perhaps more than twenty branded concession and boutique outlets.

Within the next two years, both O’ Connell Street and Marlborough Street will be linked to the south side of the city by a new green line Luas tram service.

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The trial of three former Anglo Irish Bank officials accused of deceiving the Revenue and hiding or destroying bank records is due to get underway today.

The accused are Aoife Maguire of Rothe Abbey, South Circular Road, Kilmainham, Bernard Daly of Collins Avenue West, Whitehall, and Tiarnan O'Mahoney of Glen Pines, Enniskerry.

The offences were allegedly committed in 2003 and 2004.

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Minister for Justice Frances Fitzgerald has confirmed that 11 investigations into complaints involving Nama are still "under active consideration" by gardaí more than a year after they were made.

Of an initial 16 complaints, four have been closed after the authorities found that there was no case to answer.

Irish Independent reports that the minister's written Dáil response says that one case has been referred to the DPP - she adds, "it would not be appropriate for me to comment further on the conduct of these investigations."

 


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