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
  • EUR/USD – Euro Edges Lower as Eurozone Current Account Surplus Dips
    The surprisingly strong data is welcome news from the manufacturing sector, which like other industrialized countries, has been battered by globalization. President Trump has promised to bring manufacturing jobs back to the US and invigorate the struggling ...
    02/17/2017 - 12:34 am | View Link
  • Eurozone Construction Output Falls For First Time In 3 Months
    Among member countries, the largest decreases in production in construction were registered in Romania, followed by Slovakia and Bulgaria. Meanwhile, the highest increases were seen in Sweden, Poland, and the Czech Republic.
    02/16/2017 - 9:36 pm | View Link
  • ‘The eurozone isn’t working’
    The imbalances in the economic strength of euro area countries make the continued function of the single currency area a primary concern, said former US Federal Reserve chairman Alan Greenspan in an interview with the World Gold Council. He suggests the ...
    02/16/2017 - 9:08 pm | View Link
  • Eurozone needs its own finance minister: EU's Moscovici
    It’s the fifth year in a row with growth all over Europe and the first time for the last three years, with all the countries in Europe with positive growth. So, let’s go on with that way. Euronews, Efi Koutsokosta: If you see the context of all this.
    02/16/2017 - 8:45 am | View Link
  • As the EU sends an envoy to Greece to salvage the debt deal, would the Eurozone survive Grexit?
    Eurozone economies have diverged rather than converged since the creation of the euro, with a big divide between the core industrial countries and the “periphery”. Italy’s debt stands at 132 per cent of GDP, Portugal’s at 130 per cent. Greece’s ...
    02/16/2017 - 6:16 am | View Link
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  • 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 ...
    02/16/2017 - 3:33 pm | View Website
  • Eurozone countries set to breach debt and deficit targets ...
    Under the EU’s Growth and Stability Pact, all Eurozone countries are required to bring their deficits below 3% of GDP and to work towards reducing debt down to 60% ...
    02/16/2017 - 11:37 am | View Website
  • List of Eurozone Countries | Eurozone Nations | Eurozone ...
    The eurozone is an Economic and Monetary Union (EMU) of 17 European Union (EU) member states that have adopted the euro (€) as their common currency.
    02/15/2017 - 1:33 pm | View Website
  • Policies
    Policies. The Council of the EU and the European Council work on a wide range of issues affecting the interests of the EU and its citizens. Follow the latest ...
    02/14/2017 - 1:13 pm | 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.
    02/14/2017 - 5:56 am | View Website
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