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   
ASK NEWS:
  • Bundesbank wants euro zone bailout fund as new fiscal watchdog - Yahoo! Finance
    Bundesbank wants euro zone bailout fund as new fiscal watchdog - Reuters UK
    07/18/2016 - 7:09 am | View Link
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BING NEWS:
  • Bundesbank wants euro zone bailout fund as new fiscal watchdog
    The Bundesbank would like the ESM to assess the economic prospects of countries applying for a bailout and identify their financial ... The ESM was created in 2012 as a 'firewall' fund to lend money to countries in distress, provided they accepted certain ...
    07/18/2016 - 2:33 am | View Link
  • Brexit Fears Swirl Around Euro, Drag Italian Banks into Limelight
    In turn, they can't lend elsewhere as they prepare their capital firewall. When banks do loan ... (given the policymakers active and their guiding principles) is that bailout funds are coming down the pipeline. This is Italian Prime Minister Matteo ...
    07/10/2016 - 8:57 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 - 9:46 pm | View Link
  • Stocks, Euro Climb Higher After $125B Spanish Bailout Calms Fears
    From Asia to America, stocks experienced large gains this morning, as investors weighed Spain’s bailout agreement ... a real signal of intent by eurozone policymakers—a pre-emptive firewall deployment ahead of the fast approaching Greek election ...
    06/11/2012 - 1:55 am | View Link
  • Flaherty digs in heels on calls to pony up more bailout money for euro zone
    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, Flaherty told a session sponsored by the Bertelsmann Foundation in the U.S. capital. "The firewall that is being constructed ...
    04/19/2012 - 1:02 pm | View Link
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BING SEARCH:
  • Second Economic Adjustment Programme for Greece ...
    The Second Economic Adjustment Programme for Greece, usually referred to as the Second bailout package or the Second Memorandum, is a Memorandum of understanding on ...
    07/19/2016 - 3:01 pm | View Website
  • The Countdown To The Break Up Of The Euro Has Officially Begun
    The results of the elections in France and Greece have made it abundantly clear that there is a tremendous backlash against the austerity approach that Germany
    07/19/2016 - 12:24 pm | View Website
  • Eurozone economy: In depth news, commentary and analysis ...
    Eurozone economy: Europe's fragile economic recovery after the sovereign debt crisis and its struggles with austerity
    07/19/2016 - 9:25 am | View Website
  • European debt crisis
    The European debt crisis (often also referred to as the Eurozone crisis or the European sovereign debt crisis) is a multi-year debt crisis that has been taking place ...
    07/18/2016 - 11:24 pm | View Website
  • euro-zone debt crisis | Britannica.com
    Period of economic uncertainty in the euro zone beginning in 2009 that was triggered by high levels of public debt, particularly in the countries that were grouped ...
    07/18/2016 - 11:42 am | View Website
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