Topic: Financial Rescue Plans
The eurozone needs a rescue fund of about two trillion euros -- almost five times its current size -- to overcome its crisis, Gordon Brown said Wednesday.His comments come just hours after Slovakian lawmakers voted against an expansion of the European Financial ...
FRANKFURT (Reuters) - Europe's banks will have to achieve a significantly stronger capital position under a quick-fire regulatory health check and may need to raise some 100 billion euros ($137 billion), banking and regulatory sources said on Tuesday.The European Banking Authority (EBA) ...
FRANKFURT (Reuters) - The sovereign debt crisis has become systemic and risks to the economy are increasing swiftly, European Systemic Risk Board Chairman Jean-Claude Trichet said on Tuesday.Trichet, who heads the European Central Bank as well as the continent's super-watchdog on financial ...
European leaders have switched horses as Dexia became the first bank to need bailing out with lenders caught in a squeeze triggered by the sovereign debt crisis.While Europe's strategy had long been to exact austerity in exchange for loans to keep over-extended ...
Europe's leaders postponed Monday a key summit on the debt crisis, buying more time as they decide what to do about Greece now that their banks also need a financial leg-up.Greece completed an audit which will be key to determining whether it ...
Belgium, France and Luxembourg decided on Monday to dismantle Dexia, the first bank to fall in Europe's debt crisis, as the eurozone prepared a battle-plan to protect its banking system.It was the second time in three years that Dexia needed to be ...
DUBLIN/FRANKFURT (Reuters) - European banks may need more than 100 billion euros ($135 billion) to withstand the sovereign debt crisis, Ireland estimated on Saturday ahead of a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy to work out how ...
BRUSSELS/LONDON (Reuters) - The European Union executive flagged plans for a coordinated injection of funds into the region's banks as regulators met to reassess the resilience of stressed lenders amid fears others might face the same fate as debt crisis victim Dexia."We ...
BRUSSELS/BERLIN (Reuters) - European Union moves to shore up ailing banks moved into higher gear on Thursday and U.S. Treasury Secretary Timothy Geithner warned that the euro zone's sovereign debt crisis posed "significant risk" to global economic recovery.The EU's executive arm said ...
BRUSSELS/LONDON (Reuters) - The European Union's executive proposed coordinated recapitalization of banks on Thursday as the bloc's regulators met to review capital buffers of stressed lenders."We are now proposing member states to have a coordinated action to recapitalize banks and so to ...
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Belgium Europe Financial Crisis
Portugal's Prime Minister Jose Socrates arrives for an EU summit in ...AP News - -
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FILE - In this July 21, 2010 file photo, witnesses Elizabeth Warren, right ...AP News - -
Bailout Geithner
Treasury Secretary Timothy Geithner, foreground, testifies about TARP during a hearing of ...AP News -
