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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  • The Reason Why The Italian Referendum Loss Could Lead To The Death Of The Euro
    Germany opposed an Italian bank bailout, a position that grows increasingly awkward ... It looks like an excellent firewall but it has a problem. Which is that when all know this, and all know that the system needs refinancing, then who will buy newly ...
    12/4/2016 - 9:34 pm | 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
  • No Drachma: When Will Greece Leave the Euro?
    It would be the mother-of-all-bailouts to deal with the mother-of-all-bank runs. (A firewall is just a bailout fund that you haven't used yet). The ECB would have to buy bonds directly from troubled governments. And the Germans would have to give bonds to ...
    05/15/2012 - 2:47 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.
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