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
  • 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
  • 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 ...
    04/18/2012 - 1:00 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
  • 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 - 10:55 pm | View Link
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