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 members raise debt crisis firewall
    "That means budget consolidation and stimulus for growth can never be replaced by a firewall." Jens Weidmann, the president of Germany's central bank, added that the bailout funds only buy time. "The main element is addressing the causes of the crisis," he ...
    03/16/2017 - 1:00 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 ...
    08/20/2014 - 8:47 am | View Link
  • 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 ...
    06/6/2013 - 5:30 am | 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 - 9:46 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 ...
    06/10/2012 - 8:02 pm | View Link
  • More
BING SEARCH:
  • European debt crisis
    The European debt crisis (often also referred to as the Eurozone crisis or the European sovereign debt crisis) is a multi-year debt crisis that has been taking place ...
    03/23/2017 - 4:18 am | View Website
  • Greek withdrawal from the eurozone
    Detailed Events. The term 'Grexit' was coined by the Citigroup economist Ebrahim Rahbari and was introduced by Rahbari and Citigroup's Global Chief Economist Willem H ...
    03/22/2017 - 1:01 pm | View Website
  • World
    Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.
    03/22/2017 - 12:47 pm | View Website
  • European Stability Mechanism
    ESM staff members' research helps improve our understanding of the euro area economy and particularly the effect of economic policies during crisis episodes.
    03/22/2017 - 6:56 am | View Website
  • News about Politics in America & the World
    Check out Rolling Stone's latest political news and features covering today's hottest political topics and Matt Taibbi's take.
    03/22/2017 - 3:50 am | View Website
  • More
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News