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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BING NEWS:
  • 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 ...
    06/16/2012 - 6:00 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 - 9:01 pm | 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 - 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 Bailout Fund Gets Another Boost
    WSJ MarketBeat's Steven Russolillo reports European finance ministers agreed to raise the so-called 'firewall' to 700 billion Euro to curb the region's debt crisis, while some fear it may not be enough. REUTERS/Yves Herman
    03/30/2012 - 12:02 am | View Link
  • Euro bailout funds unlikely to reach $1.3 trillion
    But Jean-Claude Juncker, the prime minister of Luxembourg who also chairs the meetings of eurozone finance ministers, said Friday "we are a slice away" from increasing the bloc's bailout funds ... would be an overall firewall worth around €800 billion ...
    03/29/2012 - 10:12 pm | View Link
  • Euro zone seeks middle ground on rescue fund size
    Finance ministers and central bankers will discuss the size of a bailout firewall in Copenhagen next Friday. That would likely be made up of the European Financial Stability Facility (EFSF) that had been due to be wound up next year, and the European ...
    03/23/2012 - 7:32 am | View Link
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