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:
  • Investors see Greek upheaval ring-fenced from rest of euro zone - Yahoo! Finance
    Investors see Greek upheaval ring-fenced from rest of euro zone - Reuters
    12/16/2014 - 10:04 am | View Link
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BING NEWS:
  • Euro Zone Bailout Fund Takes Flight
    increase of the main financial firewall. Euro Zone Backs 10 Billion Euro Cyprus Bailout Calm on the streets of Cyprus and relief as capital controls there are eased. Though as Nicosia's residents fret over their money, some worry things could still get worse.
    12/17/2014 - 5:37 pm | View Link
  • Investors See Greek Upheaval Ring-Fenced From Rest Of Euro Zone
    Furthermore, if panic did spread, other debt-laden countries could seek help from the European Central Bank and the European Stability Mechanism's bailout fund ... on the legality of the ECB's bond-buying firewall is pending. However, markets still ...
    12/16/2014 - 7:00 pm | View Link
  • 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 - 2:46 pm | 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 - 8:00 am | View Link
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BING SEARCH:
  • 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 ...
    12/18/2014 - 2:48 am | View Website
  • The Bankia bailout
    On Friday 25th 2012 Spain's largest banking group Bankia went cap in hand to the Spanish government in order to ask for a €19bn state intervention, in ...
    12/17/2014 - 2:59 pm | 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.
    12/17/2014 - 7:21 am | View Website
  • European debt crisis
    The European debt crisis (often also referred to as the Eurozone crisis or the European sovereign debt crisis) is an ongoing multi-year long debt crisis taking place ...
    12/15/2014 - 10:01 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 ...
    12/14/2014 - 4:54 am | View Website
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