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:
  • Portugal Aid Balk Highlights Crisis Tools Built for Show - Yahoo! Finance
    Portugal Aid Balk Highlights Crisis Tools Built for Show - Bloomberg
    07/4/2014 - 4:05 am | View Link
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YAHOO NEWS:
  • Portugal Aid Balk Highlights Crisis Tools Built for Show
    German Finance Minister Wolfgang Schaeuble says the euro area's firewall isn't there to be used. Portugal has taken the hint. As the government in Lisbon came to the end of a 78 billion-euro ($106 billion) bailout, Prime Minister Pedro Passos Coelho decided to take his chances on financial markets rather than seek the safety net of a precautionary credit line. Then Portugal passed up the last ...
    07/3/2014 - 7:01 pm | View Link
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BING NEWS:
  • Euro-Area Bailout Fund Faces Challenge at Highest Court
    The euro area’s 500 billion-euro ($652 billion) bailout fund faces another test as the European Union’s highest court weighs claims that the firewall violates EU law and should be banned in its current form. A complaint by Thomas Pringle, an ...
    10/22/2012 - 9:09 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 - 8:46 am | 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 firewall raised to €700 billion
    NEW YORK (CNNMoney) -- Euro-area finance ministers agreed Friday to expand their financial firewall to €700 billion by combining the resources of two bailout funds. Under the agreement, bailout programs worth a combined €200 billion for Greece ...
    03/30/2012 - 3:44 am | View Link
  • Eurozone finance ministers must raise ONE TRILLION euro bailout for the 'mother of all firewalls' says OECD chief
    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 ...
    03/27/2012 - 8:15 am | View Link
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BING SEARCH:
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    Check out Rolling Stone's latest political news and features covering todays hottest political debates and topics.
    07/28/2014 - 11:12 pm | View Website
  • European Stability Mechanism
    The European Stability Mechanism (ESM) is an international organisation located in Luxembourg which was established on 27 September 2012 as a permanent firewall for ...
    07/28/2014 - 7:49 am | View Website
  • Eurozone crisis
    The eurozone crisis (often referred to as the euro crisis) is an ongoing crisis that has been affecting the countries of the eurozone since early 2009, when a group ...
    07/28/2014 - 2:13 am | View Website
  • HOLY BAILOUT
    What about the 600 odd TRILLION dollars in derivatives exposure that has been consolidated into 4-5 banks? (BoA,GS, JPM, etc). How come lying scum like ...
    07/27/2014 - 10:38 pm | View Website
  • International Monetary Fund Washington, D.C.
    GREECE INTERNATIONAL MONETARY FUND 3 Authorized for distribution by the European Department and the Strategy, Policy, and Review Department
    07/27/2014 - 4:16 am | View Website
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