Tag Archive for Bailout

Euro firewall insufficient after Spain, says IIF – CNN Money

The recent €100 billion bailout of Spain’s banks will leave Europe’s financial rescue fund without enough money to bail out another big economy, an international banking group warned on Sunday. “[A]fter committing €100 billion for the Spanish saving banks, the Eurogroup’s rescue funds, as currently authorized and structured, will have sufficient funds to help a…

Spain suffers as sentiment sours post-Greek election | Reuters

(Reuters) – Spanish bond yields hit a new euro-era high above seven percent and Italian yields jumped on Monday as initial relief after a pro-bailout victory in Greek elections gave way to pessimism about the huge problems still facing the currency bloc. The swift reversal in sentiment saw German Bund futures rise, quickly erasing early…

Divided Greece risks social explosion | Reuters

(Reuters) – Pro-bailout party New Democracy may have come first in Sunday’s Greek election but the radical left anti-austerity SYRIZA bloc was celebrating like the real winner well into the warm Athens night. The election exposed a struggling nation deeply divided over whether to implement a harsh austerity package, the price for receiving a total…