Tag: Eurozone bailout

• Thursday, March 28th 2013 - 09:30 UTC

  All EU eyes on Cypriot banks which open Thursday with tough deposit controls

  

  Cyprus trucked out cash for its banks on Wednesday night to prepare them to reopen to a siege by anxious depositors, with tough controls imposed on the use of currency to avert a bank run as a result of its harsh rescue deal.

• Monday, September 10th 2012 - 01:35 UTC

  Soros calls on Germany “to lead or leave the Euro”; suggests Euro zone target of 5% growth

  

  International financier George Soros has called for Germany to “lead or leave the euro” days before a crucial ruling on the Euro zone's bailout fund by Germany's constitutional court. Mr Soros argued that the euro zone should target 5% economic growth.

• Monday, February 27th 2012 - 04:47 UTC

  G-20 wants second 2 trillion dollars global Euro-zone rescue package by next April

  

  The world's leading economies worked to line up a deal in April on a second global rescue package worth nearly 2 trillion dollars to stop the Euro-zone sovereign debt crisis from spreading and putting at risk the tentative recovery.

• Wednesday, November 2nd 2011 - 20:35 UTC

  Germany/France lashes out at Papandreou and establish mid-December deadline

  

  Germany and France told Greece on Wednesday it should make up its mind by mid-December whether it wants to stay in the Euro zone when Greeks vote on a 130-billion-Euro bailout.

• Tuesday, November 1st 2011 - 20:52 UTC

  Merkel and Sarkozy determined to implement EU bailout plan for Greece

  

  Germany's Angela Merkel and France's Nicolas Sarkozy are “determined” to implement the EU bailout plan for Greece. That was the outcome of an emergency phone call between the two chiefs of state ahead of a G20 summit Wednesday.

• Saturday, October 29th 2011 - 10:49 UTC

  China sets out terms for supporting the Euro bail package

  

  The European Union (EU)'s new bailout deal reached Thursday served a boost to global markets. China, as a major trade partner with the EU, welcomes its step to tackle the debt crisis and expects to enhance cooperation with the regional bloc for world economic recovery.

• Friday, October 28th 2011 - 16:36 UTC

  German highest court could delay implementation of Euro bail out accord

  

  The German highest court suspended Friday a parliamentary committee's right to approve urgent actions by the Euro zone's bailout fund, potentially delaying decision-making in Europe's top economy on key moves to tackle the bloc's crisis

• Friday, October 28th 2011 - 04:42 UTC

  Brazil encouraged by Europe’s plan announcement but wants to look at details

  

  Brazil's government is encouraged by Europe's announcement of a plan to resolve the nagging debt crisis, though more details are needed on the proposal to determine its viability, Brazilian Finance Minister Guido Mantega said Thursday.

• Thursday, October 27th 2011 - 23:34 UTC

  Euro zone largest bank profits down as bad loans in Spain keep growing

  

  The Euro zone's biggest bank Santander said it expected bad loans in Spain to keep on growing as Spaniards, blighted by unemployment and heavy mortgage debt, fall into arrears on payments.

• Wednesday, October 26th 2011 - 02:45 UTC

  Euro zone bailout summit outcome in doubt; Italian government on the brink

  

  Italy's cabinet failed on Tuesday to agree on pension reforms as the country seeks to re-launch its economy and tackle its debt. Meanwhile, financial markets nervously await the outcome of Wednesday's second Euro zone summit.