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:
  • 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 ...
    06/6/2013 - 4:30 am | 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 - 9:46 pm | View Link
  • Flaherty objects to calls for more euro zone bailout money
    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, Mr. Flaherty told a session in the U.S. capital. “The firewall that is being constructed so far is not adequately funded ...
    04/18/2012 - 1:00 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.
    03/30/2012 - 2:08 am | View Link
  • Euro zone to back higher combined bailout fund: draft
    COPENHAGEN (Reuters) - Euro zone finance ministers will raise the combined firepower of the region's two bailout funds to a potential 940 ... the ESM and the existing EFSF programs would therefore create a firewall of 700 billion euros.
    03/29/2012 - 7:40 am | View Link
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