Tag Archives: bailout
Rajoy vows no bailout without lower yields
Mr Rajoy made the comments in spite of the ECB reiterating that it has no plan to set an explicit yield target in the event of a bond-buying programme
Full Story: Financial Times – UK Homepage
Greece ‘wins’ vital bailout extensions
Finance Minister Yannis Stournaras finalises agreement with foreign lenders which will give a two-year extension.
Full Story: AL JAZEERA ENGLISH (AJE)
Obama touts benefits of auto bailout as debate looms
WASHINGTON (Reuters) – President Barack Obama sought on Saturday to sustain momentum from Vice President Joe Biden’s strong debate showing by touting the benefits of one of his signature actions, the rescue of the U.S. auto industry, as he prepared…
Moody’s warns on Portugal’s bailout plan
Warning follows rival Fitch’s similar prediction on Thursday as the recent backlash against austerity threatens to delay plans to return to the bond market
Full Story: Financial Times – UK Homepage
Schilling’s sock could be bailout for failed loans
Former Red Sox pitcher Curt Schilling could be forced to sell memorabilia to help pay back millions of dollars in loans he guaranteed for his failed video game company.
Full Story: ESPN.com
Spanish PM says bailout not imminent
Mariano Rajoy denies reports that Madrid is on verge of seeking a bailout while meeting leaders of country’s regions.
Full Story: AL JAZEERA ENGLISH (AJE)
Talks on Greece bailout to resume
Finance minister to meet on Monday with so-called “troika” to discuss bn cash injection for battered economy.
Full Story: AL JAZEERA ENGLISH (AJE)
German court backs ESM bailout fund
Decision removes the threat that Germany would be prevented from signing the treaty setting up the €500bn fund, designed to stave off sovereign defaults
Full Story: Financial Times – UK Homepage
Decision day looms for eurozone bailout fund
Germany’s constitutional court set to rule on fate of the €500bn ESM, potentially placing tighter limits on Angela Merkel’s plans for rescuing the euro
Full Story: Financial Times – UK Homepage
Court to rule on German role in bailout fund
Federal Constitutional Court will decide whether to allow Germany to join 8.8bn bailout fund for 17 euro countries.
Full Story: AL JAZEERA ENGLISH (AJE)
Finns loath to approve Greek bailout changes
Finland’s position underlines how opposition to further changes for the eurozone’s most troubled member comes from more than Germany
Full Story: Financial Times – UK Homepage
Monti under pressure to renounce bailout
Italy rallies to cries of using its own resources to prop up its economy and slash its debt rather than buckle to demands from Germany and Brussels
Full Story: Financial Times – UK Homepage
Greek PM in crunch bailout talks
Greek PM Antonis Samaras is set to meet international creditors to try to persuade them Athens deserves its final instalment of bailout money.
Full Story: BBC News – Home
Nowotny pushes for bailout fund banking licence
Nowotny says there are ‘pro arguments’ for giving a banking licence to the European Stability Mechanism
Full Story: Financial Times – UK Homepage
Eurozone approves Spain bank bailout
Formal approval of aid to Spanish banking sector comes as bond yields rise above 7.1 per cent and finance minister downgrades GDP forecast for 2013
Full Story: Financial Times – UK Homepage
Spain bailout dents Rajoy credibility
Prime minister’s popularity slumps after EU bank aid he described as ‘a victory’ for Spain translates into bn austerity package
Full Story: Financial Times – UK Homepage
Spanish PM explains EU bailout amid protests
Mariano Rajoy to announce new austerity measures demanded as part of deal that will provide 0bn from eurozone.
Full Story: AL JAZEERA ENGLISH (AJE)
Euro ministers agree on Spain bank bailout
Eurozone ready to offer Madrid an initial 30 billion euros to help its distressed banks.
Full Story: AL JAZEERA ENGLISH (AJE)
Greek PM seeks ‘adjustments’ to bailout deal
Antonis Samaras wants extension of “deficit benchmarks” by two years as he spells out his government’s strategy.
Full Story: AL JAZEERA ENGLISH (AJE)
Greece drops demand to ease bailout terms
New government has dropped plan to seek softer terms for second bailout following warnings it would be rejected by international lenders
Full Story: Financial Times – UK Homepage