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:
  • German Leader Agrees to More Bailout Money for Euro Zone Nations
    The money already given out in loans by the temporary bailout fund — known as the European Financial ... as a way of overcoming German opposition to increasing the firewall while satisfying the demands of Germany’s partners in the Union and the G ...
    08/20/2014 - 6:10 am | View Link
  • 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 ...
    06/6/2013 - 5:30 am | 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 - 9:46 pm | View Link
  • Spain bailout helps euro bounce back, but critics warn of future Italy issues
    ‘The 100billion bailout is hopefully setting up a firewall against a much worse deterioration. ‘Here we are, saving the banks. But what is next?’ Greece’s next election is set to be held this Sunday, when a clearer direction of their government ...
    06/10/2012 - 8:02 pm | 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
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