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   
  • Next Greek Aid Deal Will Emerge in Coming Months, Moscovici Says - Washington Post
    Greek Prime Minister Rules out Third Bailout - ABC News
    02/27/2015 - 9:42 am | View Link
  • Greece has compromised, and Europe must too - Business Spectator
    ... extension of the EU/ECB/IMF bailout program kicks ... exiting the euro and the future of the euro ... the view that the . Europe now has a ...
    02/26/2015 - 11:49 am | View Link
  • The economic opportunity of Greece’s exit - Turkish Weekly
    When the euro crisis erupted in 2010, European ... would overwhelm the eurozone's firewall-free ... it reveals that the aim of the Greek bailout ...
    02/25/2015 - 4:09 am | View Link
  • U.S. stocks hit record highs on Greek accord - Los Angeles Times
    ... four-month extension of the tough bailout terms ... over the staggering 320-billion euro (about ... and that there is a stronger firewall ...
    02/20/2015 - 9:15 am | View Link
  • View from the outside: how international bond market investors see ... - Irish Times
    Monetary Fund rescue programme and aligned in the perception of investors with fellow bailout recipient Portugal, euro zone bank aid recipient...
    02/19/2015 - 9:46 am | View Link
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  • Periphery's bond yields dip as Greece says will seek loan extension
    A Greek government spokesperson said Athens would ask on Wednesday for an extension to its loan agreement with the euro zone, which it distinguishes from its international bailout programme. European Commission President Jean-Claude Juncker told a German magazine he was working with the head of the euro zone finance ministers, Jeroen Dijsselbloem, to extend the existing bailout programme until ...
    02/18/2015 - 6:38 am | View Link
  • Marsh on Monday: Greece will test the eurozone’s firewalls
    No one wants to push Greece out of the euro, but it may happen any way because politicians have no incentive to compromise, writes David Marsh.
    02/9/2015 - 12:05 pm | View Link
  • Comment: Global debt pushing Eurozone to ruin
    W e have been drawing comfort from a delusion, or two to be exact. One is that time is slowly healing the dramatic plunge into emergency debt in 2008-9. The subsequent rhetoric of western governments and central banks has been of “austerity”, deleveraging and earnest promises on debt and deficit reduction. We are making steady if slow progress towards debt reduction.
    02/7/2015 - 7:20 pm | View Link
  • Greece may lose stare-down with Troika

    02/4/2015 - 12:55 pm | View Link
  • Merkel, waiting to see Greek debt proposals, insists on troika role
    German lawmakers said Chancellor Angela Merkel had told them in closed-door talks on Tuesday that "troika" monitoring of Greece's bailout programme would not be scrapped as the new government in Athens has demanded. Publicly Merkel declined to comment on the new left-wing Greek government's plans to tackle its debt including a proposed debt swap, saying she needed first to see the details. Prime ...
    02/3/2015 - 1:23 pm | View Link
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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 - 12:48 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
  • IMF's Lagarde welcomes bigger euro-zone firewall
    FRANKFURT (MarketWatch) -- International Monetary Fund Managing Director Christine Lagarde on Friday said she welcomed the decision by euro-zone finance ministers to temporarily boost the effective lending capacity of the region's bailout funds to 700 ...
    03/30/2012 - 4:34 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
  • Berlin budges on boosting euro crisis firewall
    Germany, the bloc’s paymaster, has long been reluctant to see the euro zone’s new permanent bailout fund increased beyond the agreed 500 billion euros. This week, however, Chancellor Angela Merkel signaled that Berlin is open to boosting the firewall ...
    03/28/2012 - 11:04 pm | View Link
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  • 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 ...
    02/28/2015 - 12:32 am | View Website
  • European debt crisis
    The European debt crisis (often also referred to as the Eurozone crisis or the European sovereign debt crisis) is an ongoing multi-year long debt crisis taking place ...
    02/27/2015 - 9:19 pm | View Website
    What about the 600 odd TRILLION dollars in derivatives exposure that has been consolidated into 4-5 banks? (BoA,GS, JPM, etc). How come lying scum like ...
    02/27/2015 - 11:32 am | View Website
  • IMF Admits Mistakes on Greece Bailout
    The International Monetary Fund has admitted to major missteps over the past three years in its handling of the bailout of Greece, the first spark in a ...
    02/26/2015 - 8:45 pm | View Website
  • 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
    02/26/2015 - 12:13 am | View Website
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