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-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 - 9:10 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 - 1:46 pm | View Link
  • Europe Agrees to Bailout Fund for Euro of Over $1 Trillion
    Announcing a large bailout fund was viewed as crucial to putting an end to speculation ... and by others to agree on a more substantial firewall was quashed by the German finance minister, Wolfgang Schauble, who said that would be unacceptable to Germans.
    03/30/2012 - 8:00 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.
    03/30/2012 - 2:09 am | View Link
  • Euro-zone bailout capacity boosted to 700B euros
    Including a total of 102 billion euros in funds already committed to Greece and other bailout countries, the overall firewall stands at 800 billion euros, the ministers said.
    03/30/2012 - 1:53 am | View Link
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BING SEARCH:
  • 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
    11/22/2014 - 8:19 am | View Website
  • The AIG Bailout (2008 Financial Crisis)
    Why AIG needed to be bailed out and how it affected public policy. Also, how the bailout will positively affect the future of The United States. Leave your ...
    11/22/2014 - 7:44 am | View Website
  • Eurozone crisis
    The eurozone crisis (often referred to as the euro crisis or the sovereign debt crisis) is an ongoing crisis that has been affecting the countries of the eurozone ...
    11/22/2014 - 2:21 am | 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 ...
    11/22/2014 - 12:20 am | View Website
  • BBC News
    What has been done to help Greece? In short, a lot. In May 2010, the European Union and IMF provided 110bn euros ($140bn: £88bn) of bailout loans to Greece to help ...
    11/21/2014 - 6:22 pm | View Website
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