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:
  • Greece May Need Third Program After Summer, Dijsselbloem Says - Washington Post
    Portugal's clean bailout exit more likely after Greek bond success: ... - Reuters
    04/11/2014 - 5:29 am | 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 - 9:09 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
  • Euro firewall raised to €700 billion
    NEW YORK (CNNMoney) -- Euro-area finance ministers agreed Friday to expand their financial firewall to €700 billion by combining the resources of two bailout funds. Under the agreement, bailout programs worth a combined €200 billion for Greece ...
    03/30/2012 - 3:44 am | View Link
  • Eurozone finance ministers must raise ONE TRILLION euro bailout for the 'mother of all firewalls' says OECD chief
    The eurozone bailout fund should be increased to 1 trillion euros to ... Mr Gurria said an impressive firewall was crucial because the eurozone's public debt crisis was not over despite calmer financial markets this year, warning that the bloc's banks ...
    03/27/2012 - 8:15 am | View Link
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