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European finance ministers and the International Monetary Fund have agreed a €85bn (£72bn) bail-out for Ireland in an effort to calm market fears of a new banking crisis.

Negotiations to reduce bank bonuses have been hit by the withdrawal of Standard Chartered from talks with the government.

The Irish government has announced plans to save €15bn over the next few years to tackle the country's debt crisis.

Last month it was social impact bonds. By the time you read this another ‘new' initiative will be about to surface from under the radar.

Ireland became the second country this year to accept billions in EU funding after last night conceding its banking and budget crisis was too big to handle on its own.

The Irish government will not raise the country's low corporation tax rate in return for an EU-led bailout, as a French official said some view the rate as "almost predatory".

A team of EU and IMF inspectors will arrive in Ireland today to take a closer look at the nation's banking system and prepare for a possible €80bn bailout.

European Council president Herman van Rompuy warns the euro and wider EU face a "survival crisis" as the continent's sovereign debt crisis escalates.

Eurozone ministers are poised to meet in Brussels as the debt crisis once again threatens the economic stability of the 16-member bloc.

New EU rules on the solvency of workplace pensions could force some Defined Benefit (DB) schemes to close, the National Association of Pension Funds (NAPF) warns.