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:
  • Bundesbank wants euro zone bailout fund as new fiscal watchdog
    FRANKFURT (Reuters) - The euro zone's bailout fund, governed by its finance ministers ... The ESM was created in 2012 as a 'firewall' fund to lend money to countries in distress, provided they accepted certain conditions. It has made loans to over-indebted ...
    07/17/2016 - 1:00 pm | View Link
  • Bundesbank wants euro zone bailout fund as new fiscal watchdog
    FRANKFURT (Reuters) - The euro zone's bailout fund, governed by its finance ministers ... The ESM was created in 2012 as a 'firewall' fund to lend money to countries in distress, provided they accepted certain conditions. It has made loans to over-indebted ...
    07/12/2016 - 1:00 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 - 10:07 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 ...
    06/11/2012 - 8:02 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 - 3:37 am | View Link
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BING SEARCH:
  • European Central Bank
    The European Central Bank (ECB) is the central bank for the euro and administers monetary policy of the eurozone, which consists of 19 EU member states and is one of the largest currency areas in the world.
    06/14/2018 - 11:07 pm | View Website
  • Print 2.0: Answer to the Internet Kill Switch
    This is an article from the September issue of the all-new Infowars magazine, free hard copies of which will be available throughout Austin. To get a free digital version of the magazine, sign up to Infowars Insider by clicking here.
    06/14/2018 - 6:11 am | View Website
  • Euro-zone debt crisis | Britannica.com
    Euro-zone debt crisis: 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 under the acronym “PIIGS” (Portugal, Ireland, Italy, Greece, and Spain).
    06/14/2018 - 2:50 am | View Website
  • Eurozone crisis explained
    Eurozone ministers have agreed to cut Greece's debts by a further 40bn euros ($51bn; £32bn), as well as releasing 44bn in bailout money and aid.
    06/13/2018 - 5:39 pm | View Website
  • Eurozone economy
    Italian debt fears are a buying opportunity Italy pays up in short-term debt sale The monetary aftermath of Italy's chaotic month ...
    06/13/2018 - 7:02 am | View Website
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