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 bailoutCyprus 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 demandBaby 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
  • EU Aims to Supply Free Wi-Fi to Eurozone by 2025
    It is not unfair to say that this is a lot to ask for countries around the EU. Read More : Juncker's WiFi4EU Factsheet The goals are not just limited to free Wi-Fi. To acknowledge the growing importance of the internet, the European Union also wishes to ...
    09/24/2016 - 9:57 pm | View Link
  • Eurozone business activity sliding again
    Although a reading above 50 points still indicates a growing economy, HIS urged governments to do more to shore up activity in the 19 countries using the euro. Senior IHS Markit Economist Rob Dobson said the report showed the eurozone economy had ended the ...
    09/23/2016 - 11:58 pm | View Link
  • Catastrophic Portuguese economy hits new low as toxic combination to BRING DOWN eurozone
    Portugal was recently let off a fine for budget failures by European policymakers The two countries were recently let off fines for budget failures, amid fears the punishment could fuel anti-euro sentiment among the populations.
    09/22/2016 - 7:40 pm | View Link
  • Eurozone slows as German growth falls behind France
    Other countries outside the big two economies are also slowing. Rob Dobson, senior economist at IHS Markit, said the figures indicated economic growth of 0.3pc in the third quarter of the year. “The eurozone economy ended the third quarter on a ...
    09/21/2016 - 10:06 pm | View Link
  • Eurozone will get out of crisis when Germany leaves it
    This policy tied the hands of the European countries and the Central Bank, ordering to focus just on inflation. So what is Stiglitz's solution? "More Europe" and "less austerity that just leads to contraction". The economist urged to use eurobonds ...
    09/16/2016 - 10:00 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 ...
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  • Eurozone economy: In depth news, commentary and analysis ...
    Eurozone economy: Europe's fragile economic recovery after the sovereign debt crisis and its struggles with austerity
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  • 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.
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    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.
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  • The Eurozone in Crisis
    The eurozone, once seen as a crowning achievement in the decades-long path toward European integration, continues to struggle with the effects of its sovereign debt ...
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