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:
  • The Liberty Times Editorial: Fix pensions to avoid Greece’s fate - Taipei Times Online
    The euro crisis began in 2010. The other PIIGS ... The firewall is in place and will prevent a ... — knew what they wanted during bailout talks ...
    07/7/2015 - 2:46 pm | View Link
  • After the ‘No’ Vote: What Can the EU Do About Greece Now? - Bloomberg
    Stability Mechanism, the euro-area’s firewall ... the European Commission and other institutions to draw up bailout outlines. Euro-area leaders
    07/7/2015 - 1:07 pm | View Link
  • Greek Creditors Clash on Bridge Financing - Yahoo! Finance
    ... financing to accompany talks over a new bailout. ... for a two-year loan from the European Stability Mechanism, the euro-area’s firewall ...
    07/7/2015 - 12:08 pm | View Link
  • After the ‘No' Vote: What Can The EU Do About Greece Now? - Yahoo! Finance
    Stability Mechanism, the euro-area’s firewall ... the European Commission and other institutions to draw up bailout outlines. Euro-area leaders
    07/7/2015 - 10:25 am | View Link
  • JP Morgan: What the Greek 'No' vote means for investors today - What Investment
    ... to reject the terms of a Eurozone bailout is ... consensus view is that the ECB firewall continues ... The only way they remain in the Euro ...
    07/6/2015 - 10:34 am | View Link
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BING NEWS:
  • EU agrees to 7.2 billion-euro loan to keep Greece afloat
    Separately, the euro area’s finance ministries took the next step in approving the country’s main bailout of as much as 86 billion ... The new program will use only a small part of the firewall’s remaining 455 billion-euro capacity, said ESM managing ...
    07/17/2015 - 8:48 pm | View Link
  • Merkel wins Greek aid vote in parliament after chaos warning
    With the vote, lawmakers backed talks on aid from the European Stability Mechanism, the euro area's permanent firewall fund, and a loan to keep Greece afloat during talks on the proposed three-year bailout. German lawmakers also have to vote on any deal ...
    07/17/2015 - 1:23 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 ...
    06/16/2012 - 6:00 pm | View Link
  • Euro-zone bailout capacity boosted to 700B euros
    Updates headline to correct size of euro-zone bailout capacity. FRANKFURT (MarketWatch) -- Euro-zone finance ministers meeting in Copenhagen on Friday agreed to temporarily boost the size of the firewall designed to contain the spread of the region's debt ...
    03/30/2012 - 1:53 am | View Link
  • Austria: Euro bailout fund will be $1.1 trillion
    COPENHAGEN, Denmark (AP) -- The 17 countries that use the euro are to build a €800 billion ($1.1 trillion) financial firewall against their debt crisis ... To ease the transition from the eurozone's interim bailout fund, the European Financial ...
    03/30/2012 - 12:29 am | View Link
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BING SEARCH:
  • Second Economic Adjustment Programme for Greece ...
    History Early draft (July 2011) On 21 July 2011, 17 leaders of Euro countries, meeting at an EU summit, approved a preliminary draft of a second bailout package for ...
    07/31/2015 - 6:26 pm | View Website
  • Business News, Personal Finance and Money News
    Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News
    07/31/2015 - 4:25 pm | View Website
  • International News | World News
    Get the latest international news and events from Asia, Europe, the Middle East, and more. See world news photos and videos at ABCNews
    07/31/2015 - 11:53 am | 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 ...
    07/30/2015 - 11:14 pm | View Website
  • European debt crisis
    The European debt crisis (often also referred to as the Eurozone crisis or the European sovereign debt crisis) is a multi-year debt crisis that has been taking place ...
    07/30/2015 - 5:09 pm | View Website
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