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:
  • 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 ...
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  • 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
  • Flaherty digs in heels on calls to pony up more bailout money for euro zone
    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, Flaherty told a session sponsored by the Bertelsmann Foundation in the U.S. capital. "The firewall that is being constructed ...
    04/19/2012 - 1:02 pm | View Link
  • Euro Zone Raises Ceiling on Its 'Firewall'
    Euro-zone finance ministers on Friday agreed to boost the bloc's bailout lending limit to €700 billion ($930 billion), choosing the least ambitious option on the table for reinforcing its anticrisis "firewall," one some in Europe fear won't be enough to ...
    03/30/2012 - 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
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