A Look At The 4 Eurozone Countries With Bailouts


Europe agreed Saturday to allow Spain to tap a rescue fund of up to (EURO)100 billion ($125 billion) to bail out its troubled banks, which are struggling under the weight of soured real estate loans after a Spanish housing bubble burst. Spanish Economy Minister Luis de Guindos said the country will reveal how much money it needs within coming weeks, after audits of its financial sector are completed.

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  • Spain education sector hit by strike against cuts
    Thousands of students and teachers staged a strike across Spain on Thursday to protest government austerity measures and a planned new education reforms. More
  • In Germany, a U.S. beer invasion
    Almost 65 years after Allied planes flew Western supplies into blockaded Berlin, a new American import is arriving by air: craft beer. The beer is being flown in as part of a new surge of German interest in American brewing, upending a centuries-old relationship in which German beer defined the golden standard for brewing and Americans emulated it. More
  • Cyprus parliament approves bailout
    Cyprus' lawmakers approved on Tuesday a multi-billion bailout agreement with international creditors aimed at preventing the crisis-hit country from going bankrupt. More
  • Baby food shortage in Europe due to China demand
    Yong-Hee Kim still can't believe that in a prosperous country like Germany, powdered baby formula would ever be rationed and that she would have to scour shops in the German capital to find the right brand for her 13-month-old son. More
  • Pope hints at possible changes to scandal-ridden Vatican bank
    Pope Francis has indicated for the first time that he may make changes to the Vatican's scandal-ridden bank as part of a broad review of the Holy See's troubled administration. More
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    07/16/2017 - 4:40 pm | View Link
  • World View: EU Countries Refuse to Help Italy Deal with Massive Refugee Crisis
    Reports are describing Italy’s Prime Minister Paolo Gentiloni with words like “furious” and “livid” over the fact that the European Union is refusing to help Italy deal with the massive refugee crisis the country is facing. Almost 100,000 ...
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  • Eurozone Fund Head Suggests New Crisis Reserve
    BERLIN (AP) — The head of the eurozone's rescue fund is suggesting the creation of a new crisis reserve that could be used to help member countries in a "sudden, severe crisis." Klaus Regling, who heads the European Stability Mechanism, pointed in an ...
    07/12/2017 - 11:19 pm | View Link
  • Avinode Passes Half-million Charter Requests in June
    Avinode, the world's leading online marketplace for buying and selling air charter, is announcing a record month in the company's history, surpassing half a million charter requests for the first time, in June 2017. In June, Avinode recorded a total of ...
    07/12/2017 - 5:00 am | View Link
  • More
  • What is Eurozone? definition and meaning
    Definition of Eurozone: The collective group of countries which use the Euro as their common currency. The Eurozone came into being in 1999, and...
    07/14/2017 - 4:30 pm | View Website
  • Eurozone
    The eurozone ( pronunciation (help · info)), officially called the euro area, is a monetary union of 19 of the 28 European Union (EU) member states which have ...
    07/14/2017 - 1:09 pm | View Website
  • 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 ...
    07/14/2017 - 7:04 am | View Website
    All EU countries - or almost all - have to join the Eurozone. But what are the rules of the common currency? Journey into the inner workings of the euro.
    07/13/2017 - 10:54 am | View Website
  • Choose a language
    Council of the European Union. Choose a language. BG Български; ES Español; CS Čeština; DA Dansk
    07/10/2017 - 1:00 pm | View Website
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