Servicio de Transferencia internacional de dinero

Unemployment in the eurozone is reaching sky-high levels as it just hit 10.1% in March, per Eurostat, the statistical office of the European Union.
This rate of unemployment is the highest it ever got since the euro was introduced in 1999. Sixteen million people across the 16 eurozone countries are jobless or 23.3 million across all the 27 countries that form the European Union. ...

Italy also took austerity measures to reduce its spending as a result of the growing economic panic in the eurozone.
The government plans to cut down the public sector pay and pensions and the local government spending, as well as freeze new recruitment. It will also take measures to prevent tax avoidance. ...

After long debates and public opposition, the German parliament finally approved to contribute 148 billion euros to the emergency debt package on Friday. The new bill came into effect after 319 votes favoured it, compared to the 73 against and 195 abstained.
Despite the clear public anger (51 percent of Germans polled opposed the German aid euro package, according to a survey), the German chancellor Angela Merkel along with the finance minister Wolfgang Schaeuble defended the bill noting that this action is vital for the euro. ...

The European Central Bank unexpectedly cut interest rates in co-ordination with other central banks after the global credit crunch pushed borrowing costs to records and forced governments across Europe to bail out banks.
The ECB lowered its benchmark lending rate to 3.75 percent from 4.25 percent, effective from October 15, the Frankfurt-based bank said in a statement.
The move sparked immediate calls for Irish banks to pass on the 0.5 percentage point cut in rates to mortgage holders. If the full amount was passed on it would see an average €250,000 mortgage over 25 years drop by up to €90.

The Irish Government today announced a two year guarantee on Irish banks’ deposits and debts.
As a 100% Irish owned company, TransferMate can guarantee the security of all our international transfers.
We have foreign exchange accounts in the Irish banks safeguarded by the new Government arrangement meaning customers lodging funds through our TransferMate service are guaranteed total security for their lodgements.
No other country has issued this safeguard – putting TransferMate ahead of all other foreign exchange providers based outside of Ireland.
The Government’s guarantee is effective immediately and will safeguard all deposits, covered bonds, senior debt and dated subordinated debt with Allied Irish Bank, Bank of Ireland, Anglo Irish Bank, Irish Life and Permanent, Irish Nationwide Building Society and the Educational Building Society until September 2010.
The move is in response to the impact of the recent international financial market crisis on the Irish banking system and shows great resolve by the Irish Government. It aims to maintain financial stability in the Irish economy.
This 100% guarantee is in contrast to other countries in the Eurozone who only provide a guarantee to a maximum of €20k. ...