Fox Business - The Power to Prosper
Search Site

Euro Bailout Fund

Related Topics

  1. European Stability Mechanism
  2. Road to Recovery
  3. Greece Bailout
  4. International Monetary Fund
  5. Greek Devaluation
  6. Failure Of Austerity
Get updates on Euro Bailout Fund
Exclusive: Creditors, governments must pay in any euro bank rescue - document

Bondholders and governments will always have to contribute to shoring up a failing euro zone bank even when the bloc's bailout fund ESM offers direct aid, according to an EU document obtained by Reuters.Seeking to limit the burden on euro zone taxpayers, "private capital resources will be explored as a first solution, including sufficient contributions from existing shareholders and creditors of the beneficiary institution(s)," the document said.It was prepared for euro zone finance ministers to discuss next week in Luxembourg.While already agreed, the ESM rules will be finalized only when EU institutions, including the European Parliament, agree on two pieces of legislation on guaranteeing bank deposits and closing down bankrupt banks.The document did not specify the size of the losses that would be imposed on a bank's bondholders, saying only that their level would have to be appropriate."An appropriate level of writedown or conversion of debt will have to take place, in line with Eu...

Read More ›

  1. The Countries with the Highest Unemployment

    The U.S. unemployment rate continues to tick down, hitting a more than four-year low of just 7.6% in March. In much of Europe, however, the situation is very differe...

  2. European Investors Spoilt For Choice With Numerous Bond Deals

    A large number of borrowers Thursday came to the European credit market offering bonds, presenting investors with a wide choice of currency, size and geography to ch...

  3. Big depositors in Cypriot banks to lose 8.3 billion euros: document

    Large depositors who kept their money in the two biggest Cypriot banks stand to lose up to 8.3 billion euros through the restructuring of the two institutions, a Eur...

  4. Troika concludes Greek bailout review, next aid tranche soon: source

    An inspection team of international lenders has finished its review of Greece's reforms, paving the way for another 10 billion euros aid payment, a source with knowl...

  5. Cyprus says higher financing needs won't affect banks or depositors

    Cyprus said on Friday that an increase in its total gross financing needs to 23 billion euros - most of which it will find on its own - from an initially envisaged 1...

  6. EU Economics Chief Calls for Faster Banking Union

    Rules on how to deal with troubled banks in the euro zone should be accelerated and the currency bloc's banking union should be in place by 2015, the European Commis...

  7. EU ministers to tackle Cyprus fallout, banking union at Dublin talks

    Fallout from the messy bailout of Cyprus will top the agenda of a two-day EU finance ministers meeting in Dublin beginning on Friday, with focus also on growing Germ...

  8. Euro zone governments to contribute to ESM direct bank recapitalization-official

    Euro zone governments will be expected to contribute 10-20 percent of the cost of recapitalizing a bank in their country if the institution were to be directly recap...

  9. Spanish, Slovenian economies at risk from imbalances: EU

    Spain and Slovenia have banking and labor-market problems that are causing imbalances in their economies, the European Commission warned on Wednesday after an in-dep...

  10. EU Banking Union at Center of Talks with Lew

    Plans to bring Europe's banks under unified supervision and to reform the rules governing the euro were at the core of the talks U.S. Treasury Secretary Jacob Lew he...

  11. Ireland to Refinance Banking Debts Through ESM

    The Irish finance ministry insisted Monday Ireland is still on course to refinance a large part of the huge sums it sunk into its broken lenders with the euro-zone a...

  12. Eurozone Still Making Up the Rules as it Goes

    Global financial markets were spooked on Thursday by comments from the leader of the Eurogroup that suggested the chaotic and controversial bailout of Cyprus could s...

  1. Ireland Still Hoping to Refinance Bank Debts Through ESM

    Ireland's government is still hoping the euro area authorities will allow it to refinance huge debts it ran up during the country's deep financial crisis to save its...

  2. European Credit Market Holds Steady; EFSF Sells 10-Year Bonds

    A spare smattering of new bonds were sold in Europe on Wednesday as credit markets spent the session hovering near unchanged.A quasi-sovereign borrower, a bank, and ...

  3. EU Commission or ESM could wind down ailing banks: report

    People involved in negotiating a European banking union are discussing entrusting the European Commission or the euro zone's bailout fund with winding down ailing ba...

  4. Euro -Zone Banks Assets to Undergo Evaluation

    Banks that will be supervised by the upcoming euro-zone supervisory mechanism headed by the European Central Bank will undergo an asset-quality review beforehand, a ...

  5. Most EU bank union work can be done without law change: Eurogroup head

    The euro zone's top project to boost economic growth - banking union - will not be delayed for now by a row over whether it needs EU law changed because most of the ...

  6. G20 urges EU to complete banking union fast, Germany digs in heels

    World financial leaders urged the European Union on Friday to quickly complete its banking union to help growth, but Germany stood firm that the next step toward suc...

  7. German court to hear case against ESM, ECB bond-buying in June

    Germany's Constitutional Court said on Friday it would hold a public hearing on a complaint against the euro zone's bailout fund, the European Stability Mechanism (E...

‹ Prev12345…Next ›
Freebase CC-BY
Source: Euro Bailout Fund on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL