Euro Bailout Firewall Not Big Enough

The recent €100 billion bailout of Spain's banks will leave Europe's financial rescue fund without enough money to bail out another big economy, an international banking group warned on Sunday.

Topics:  spain   europe   bailout   big   
ASK NEWS:
  • EU Banking Union Reference Guide to Key Dates, Coming Milestones - Washington Post
    EU Banking Union Reference Guide to Key Dates, Coming Milestones - Bloomberg
    08/28/2014 - 7:30 am | View Link
  • Spain's de Guindos tipped as favorite - Deutsche Welle
    ... of the Luxembourg-based eurozone's bailout fund ... in paid-in capital and is a firewall for the ... muss einerseits in dem Gremium der ...
    08/26/2014 - 3:40 pm | View Link
  • Spaniard set to become Eurogroup chief - Deutsche Welle
    ... of the Luxembourg-based eurozone's bailout fund ... in paid-in capital and is a firewall for the ... muss einerseits in dem Gremium der ...
    08/26/2014 - 3:08 pm | View Link
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BING NEWS:
  • Greek bailout was bungled as IMF prioritized saving euro, docs show
    Most damaging of all was the IMF admission that the Greek bailout was not drawn up to help Greece but was a “holding operation” that “gave the euro area time to build a firewall to protect other vulnerable members and averted potentially severe ...
    06/5/2013 - 1:00 pm | View Link
  • Euro-Area Bailout Fund Faces Challenge at Highest Court
    The euro area’s 500 billion-euro ($652 billion) bailout fund faces another test as the European Union’s highest court weighs claims that the firewall violates EU law and should be banned in its current form. A complaint by Thomas Pringle, an ...
    10/22/2012 - 9:09 pm | View Link
  • Euro bailout firewall not big enough
    NEW YORK (CNNMoney) -- The recent €100 billion bailout of Spain's banks will leave Europe's financial rescue fund without enough money to bail out another big economy, an international banking group warned on Sunday. "[A]fter committing €100 billion ...
    06/17/2012 - 8:46 am | View Link
  • Europe Agrees to Bailout Fund for Euro of Over $1 Trillion
    who would bear the bailout funds’ liabilities, at even greater risk. Earlier in the day, some ministers made clear their reservations about expanding the size of the region’s firewall to a sum approaching €1 trillion. “We are ready to increase the ...
    03/30/2012 - 7:59 am | View Link
  • OECD Urges Euro Zone to Boost Firewalls
    the permanent bailout fund, to a modest €700 billion when they meet Friday. The EU's executive arm, the European Commission, had warned in a paper outlining the options available to boost the firewall that the proposal to increase the ceiling to €700 ...
    03/27/2012 - 8:42 am | View Link
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BING SEARCH:
  • Politics | News about Politics in America & the World ...
    Check out Rolling Stone's latest political news and features covering today's hottest political topics and Matt Taibbi's take.
    09/2/2014 - 12:43 pm | View Website
  • Eurozone crisis
    The eurozone crisis (often referred to as the euro crisis) is an ongoing crisis that has been affecting the countries of the eurozone since early 2009, when a group ...
    09/2/2014 - 12:36 pm | View Website
  • BBC News
    What has been done to help Greece? In short, a lot. In May 2010, the European Union and IMF provided 110bn euros ($140bn: £88bn) of bailout loans to Greece to help ...
    09/2/2014 - 2:56 am | View Website
  • European Stability Mechanism
    The European Stability Mechanism (ESM) is an international organisation located in Luxembourg which was established on 27 September 2012 as a permanent firewall for ...
    09/1/2014 - 7:03 pm | View Website
  • European Sovereign Debt Crisis: Overview, Analysis, and ...
    Hello Jason, I’ve read a lot of articles related to the EU debt crisis causes and effects, and “European Sovereign Debt Crisis: Overview, Analysis, and Timeline ...
    09/1/2014 - 4:33 pm | View Website
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