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:
  • 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
  • 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
  • Euro Bailout Fund Gets Another Boost
    WSJ MarketBeat's Steven Russolillo reports European finance ministers agreed to raise the so-called 'firewall' to 700 billion Euro to curb the region's debt crisis, while some fear it may not be enough. REUTERS/Yves Herman
    03/30/2012 - 12:02 am | View Link
  • Stocks recover as euro countries lift bailout fund
    "The better mood comes as European finance ministers announced that the bailout facility will be expanded," said Benjamin Reitzes, an analyst at BMO Capital Markets. Many in the markets see increasing the firewall as a sure step in dampening down the debt ...
    03/29/2012 - 1:00 pm | View Link
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