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   
YAHOO NEWS:
  • Portugal Aid Balk Highlights Crisis Tools Built for Show
    German Finance Minister Wolfgang Schaeuble says the euro area's firewall isn't there to be used. Portugal has taken the hint. As the government in Lisbon came to the end of a 78 billion-euro ($106 billion) bailout, Prime Minister Pedro Passos Coelho decided to take his chances on financial markets rather than seek the safety net of a precautionary credit line. Then Portugal passed up the last ...
    07/3/2014 - 7:01 pm | View Link
  • More
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 ...
    06/5/2013 - 1:00 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 - 9:09 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 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
  • More
BING SEARCH:
  • Eurozone crisis
    The eurozone crisis (often referred to as the euro crisis) is an ongoing crisis that has been affecting the countries of the eurozone since early 2009, when a group ...
    08/21/2014 - 10:44 pm | View Website
  • BBC News
    What has been done to help Greece? In short, a lot. In May 2010, the European Union and IMF provided 110bn euros ($140bn: £88bn) of bailout loans to Greece to help ...
    08/21/2014 - 11:31 am | 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
    08/21/2014 - 3:39 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 ...
    08/20/2014 - 6:53 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 ...
    08/20/2014 - 6:32 am | View Website
  • More
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News