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   
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  • 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
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    ‘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
  • Flaherty objects to calls for more euro zone bailout money
    The euro zone's bailout lending capacity is still too small and euro zone countries haven't done enough to bolster it on their own, Mr. Flaherty told a session in the U.S. capital. “The firewall that is being constructed so far is not adequately funded ...
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    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 ...
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