Tag: Euro zone bailouts

• Monday, April 1st 2013 - 09:46 UTC

  Cyprus depositors over 100.000 Euros could lose 60% of their savings

  

  Bank of Cyprus depositors with more than 100.000 Euros could lose up to 60% of their savings as part of an EU-IMF bailout restructuring move, officials say. The central bank says 37.5% of holdings over 100.000 Euros will become shares.

• Tuesday, October 9th 2012 - 03:10 UTC

  Euro-zone launches 500bn bailout fund; Spain “needs no aid program”

  

  Euro-zone finance ministers launched their permanent 500 billion Euro bailout fund on Monday but said Spain, the country widely expected to be first to draw on it, was taking steps to overhaul its economy and did not need a bailout for now.

• Monday, July 23rd 2012 - 08:41 UTC

  Euro-zone countdown for Greece: Germany and IMF will not yield on austerity measures

  

  German Finance Minister Wolfgang Schaeuble warned Greece in a newspaper interview Monday that it must redouble efforts to comply with bailout conditions imposed by international creditors. “If there were delays, Greece must make up for them,” he told the daily Bild.

• Saturday, September 10th 2011 - 06:04 UTC

  Germany prepares to support banks exposed to a possible Greek default

  

  Germany’s Chancellor Angela Merkel government is preparing plans to shore up German banks in the event that Greece fails to meet the terms of its aid package and defaults, three coalition officials said.

• Wednesday, September 7th 2011 - 23:30 UTC

  Germany’s high court gives Parliament greater say in Euro zone bailouts

  

  Germany's top court handed its country's parliament a greater say over Euro zone bailouts, potentially hampering Berlin's ability to act decisively against a debt crisis which Chancellor Angela Merkel said needed a fundamental rethink to solve.