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Opening Bell: Ireland is still paying for its bailout, Dublin Airport's bumper winter, Airbnb's legal battle

Ireland faced a bill of €20m in bailout fees owed to the ­European Union and I...
Newstalk
Newstalk

07.37 2 Nov 2015


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Opening Bell: Ireland is still...

Opening Bell: Ireland is still paying for its bailout, Dublin Airport's bumper winter, Airbnb's legal battle

Newstalk
Newstalk

07.37 2 Nov 2015


Share this article


Ireland faced a bill of €20m in bailout fees owed to the ­European Union and International Monetary Fund (IMF) last year - the country exited its bailout in 2013.

Irish Independent reports that this brings the total amount paid by the State to its international creditors since 2010 to almost €300m - this is on top of more than €4.1bn which has been contributed in interest payments.

The National Treasury Management Agency (NTMA) has also paid additional 'servicing and commitment fees' - these fees must be paid even if no loan is drawn down.

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There will be almost 1.5 million extra fares flying out of Dublin Airport through the winter months as the total capacity will increase by 13%, compared to last year.

Ryanair recently announced that it will offer new services to Amsterdam and Lublin in Poland - while Aer Lingus has a new route to Liverpool.

Dublin Airport Managing Director, Vincent Harrison commented on the expansion, "Dublin Airport's winter schedule has strengthened significantly with the addition of 16 new services providing even more choice and flexibility for our customers.

"This is set to be the busiest winter season in the airport's 75-year history - with a great selection of ski, sun and city break destinations."

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Airbnb faces a significant legal challenge in its own back garden this week as San Francisco votes on a bill which could limit the amount of short term rentals permitted in the city.

'Proposition F' has been backed by affordable housing advocates who say that Airbnb short-term rentals are having a negative effect on the property market - and that they are contributing to raising rents, and pricing potential buyers out of the market. 

The company has spent more that $8m drafting in political advisors to help them to campaigned against the proposed rule changes.

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The four main banks in Greece have until Friday to announce how they intend to raise €14.4bn in new capital to pass European Central Bank (ECB) stress tests.

The ECB's survey of the banks balance sheets has found that their reserves are below Europe's minimum acceptable levels to ensure that the banks would be able to deal with an "adverse" economic scenario.

Piraeus Bank is the most vulnerable outlet, it needs to raise €4.9bn.

 

 


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