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   
BING NEWS:
  • Greece’s Aid Payment Approved, Ending Standoff With Euro Area
    the 19-nation bloc’s firewall fund, in Luxembourg on Thursday. The payout will cover Greece’s debt-servicing needs as well as the clearing of some arrears. The financial aid is part of the 86 billion-euro bailout agreed to between Greece and the euro ...
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  • 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 - 9:46 pm | View Link
  • Stocks, Euro Climb Higher After $125B Spanish Bailout Calms Fears
    From Asia to America, stocks experienced large gains this morning, as investors weighed Spain’s bailout agreement ... a real signal of intent by eurozone policymakers—a pre-emptive firewall deployment ahead of the fast approaching Greek election ...
    06/11/2012 - 1:55 am | View Link
  • Flaherty digs in heels on calls to pony up more bailout money for euro zone
    The euro zone's bailout lending capacity is still too small and euro zone countries haven't done enough to bolster it on their own, Flaherty told a session sponsored by the Bertelsmann Foundation in the U.S. capital. "The firewall that is being constructed ...
    04/19/2012 - 1:02 pm | View Link
  • Euro zone pumps up bailout fund to nearly $1 trillion
    The earlier money would last until mid-2013, leaving the new fund to stand alone. Without the larger firewall, many economists have said, the bailout funds might not be enough to stave off a crisis if a large country like Spain or Italy needed assistance.
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