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:
  • 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 - 9:10 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 - 1:46 pm | View Link
  • Europe Agrees to Bailout Fund for Euro of Over $1 Trillion
    Announcing a large bailout fund was viewed as crucial to putting an end to speculation ... and by others to agree on a more substantial firewall was quashed by the German finance minister, Wolfgang Schauble, who said that would be unacceptable to Germans.
    03/30/2012 - 8:00 am | 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 - 2:09 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 - 9:02 am | View Link
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BING SEARCH:
  • Eurozone crisis
    The eurozone crisis (often referred to as the euro crisis or the sovereign debt crisis) is an ongoing crisis that has been affecting the countries of the eurozone ...
    09/16/2014 - 11:36 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 ...
    09/16/2014 - 7:18 am | View Website
  • 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.
    09/15/2014 - 8:45 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 ...
    09/14/2014 - 2:09 pm | View Website
  • International Monetary Fund Washington, D.C.
    GREECE INTERNATIONAL MONETARY FUND 3 Authorized for distribution by the European Department and the Strategy, Policy, and Review Department
    09/14/2014 - 12:07 pm | View Website
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