Topic: Financial Rescue Plans
BRUSSELS (Reuters) - The International Monetary Fund urged Europe on Wednesday to pump as much as 200 billion euros into its banks and warned of a freeze in lending and an ensuing recession if the region's leaders failed to do more to ...
How a host of divisions caused a seemingly unending string of setbacks to a deal for a new Greek bailout. First of three parts.By Luke Baker, Paul Taylor and Dina KyriakidouBRUSSELS (Reuters) - Greek Finance Minister Evangelos Venizelos came into office offering ...
ATHENS (Reuters) - Greece's admission that it will miss its deficit targets this year and next despite harsh new austerity measures sent stock markets reeling on Monday and raised new doubts over a planned second international bailout.The gloomy news from Athens brought ...
TOKYO (Reuters) - European Central Bank member Christian Noyer said on Monday it is unrealistic to expect an increase in Europe's bailout fund beyond what was agreed in July, but that he is open to schemes that would allow leveraging to expand ...
German Finance Minister Wolfgang Schaeuble ruled out Germany contributing any more money to the beefed-up EU bail-out fund than the 211 billion euros approved by parliament, in an interview published Saturday."The European Financial Stability Facility has a ceiling of 440 billion euros ...
Spain sealed a 7.55-billion-euro ($10.2 billion) overhaul of its banking sector Friday, securing savings banks that nearly bankrupted the country in the wake of the 2008 global financial crisis.Bank of Spain governor Miguel Angel Fernandez Ordonez said 568 million euros went to ...
WASHINGTON (Reuters) - Some large U.S. banks would have stronger capital bases to better deal with today's market stresses had regulators not relaxed bailout repayment criteria in late 2009, a new government audit showed on Friday.Bank of America Citigroup , Wells Fargo ...
Europe's failure to tackle crippling Greek debt is "scaring the world," US President Barack Obama warned as Germany rejected plans to boost funding for the EU's debt rescue facility.Asian stocks rallied sharply Tuesday, following a see-sawing recovery on US and European markets ...
BERLIN/PARIS (Reuters) - Talk of beefing up the euro zone's bailout fund lifted stocks on Tuesday but complicated the debate in Germany where Angela Merkel is struggling to rally her coalition behind her in aiding Europe's weak economies and banks.European shares rallied ...
Europe's failure to tackle crippling Greek debt is "scaring the world," US President Barack Obama warned as Germany stoked fears Tuesday of a worldwide plunge back into recession.Obama spoke out after Berlin shot down moves to boost debt rescue funding, bursting renewed ...
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