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:
  • Bundesbank wants euro zone bailout fund as new fiscal watchdog
    FRANKFURT (Reuters) - The euro zone's bailout fund, governed by its finance ministers ... The ESM was created in 2012 as a 'firewall' fund to lend money to countries in distress, provided they accepted certain conditions. It has made loans to over-indebted ...
    07/12/2016 - 1:00 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 - 10:07 pm | 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 - 3:37 am | View Link
  • Euro zone to back higher combined bailout fund: draft
    But Germany, the euro zone's dominant economy, has been against increasing the bailout capability in advance ... Together, the ESM and the existing EFSF programs would therefore create a firewall of 700 billion euros. POSSIBILITY OF BIGGER FIREWALL ...
    03/29/2012 - 7:46 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 - 4:04 pm | View Link
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