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
  • How credit rating agencies calculated their ratings during the Eurozone crisis
    Our findings are summarised as follows. First, regulatory quality and competitiveness have a strong impact on the credit profile of low rated Eurozone countries whereas GDP per capita is a major driver of the credit profile of high rated countries.
    03/24/2017 - 8:49 pm | View Link
  • German Fin Min: Greece will remain in Eurozone only with competitive economy
    Commenting on Mr. Gabriel’s proposals that Germany could possibly offer more money to Greece and other EU countries, Mr. Schauble claimed it was the wrong way. “That is the wrong message. Europe’s problem is not primarily money. On the contrary ...
    03/24/2017 - 6:28 am | View Link
  • Fury At Eurozone Chief Dijsselbloem's 'Racist' Remarks
    Mr Dijsselbloem insisted his comments, in an interview with Frankfurter Allgemeine Zeitung, applied to all countries, north and south, and underlined the importance of solidarity and reciprocity within the union. European Competition Commissioner Margrethe ...
    03/24/2017 - 1:38 am | View Link
  • Eurozone Whistles Past its Biggest Threat
    As such, Italy has not had cause to bail out its financial system — until now. While other countries, Germany and France included, lavished tens of billions of euros on their troubled banks at the height of Europe’s banking troubles, Italy’s banking ...
    03/23/2017 - 9:00 pm | View Link
  • Eurozone banks jump on last chance for cheap ECB loans
    Politicians in countries like Germany quickly called on the bank to raise rates and wind down its bond purchases of tens of billions of euros per month, arguing policies originally designed to boost growth in a eurozone still ailing from the financial ...
    03/23/2017 - 3:17 am | View Link
  • More
  • 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.
    03/23/2017 - 2:26 pm | View Website
  • Countries Using the Euro as Their Currency
    A listing of the countries that utilize the euro as their official currency, and when these countries started to use this coin.
    03/23/2017 - 12:24 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 ...
    03/23/2017 - 4:18 am | 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% ...
    03/22/2017 - 4:07 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 ...
    03/22/2017 - 5:45 am | View Website
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