About: bailout
Thirty Spanish companies ask government for COVID-19 bailout
Approximately thirty Spanish companies hit economically by the COVID-19 crisis have asked for bailouts between €3 and €3.3 billion from the government in order to survive and remain competitive, EURACTIV’s partner EFE reports.
The green compromise in the Austrian Airlines bailout
After weeks of negotiations, it is now set: Austrian Airlines (AUA) is saved from insolvency by the Black-Green government. For the Greens, who are in a governing coalition in Austria for the first time, it was a difficult litmus test. EURACTIV Germany reports.
Austria’s Greens defend airline bailout climate-strings against EU Commissioner
A state aid request by Austrian Airlines could be an opportunity to make the carrier more sustainable. But climate conditioning bailouts was recently given short shrift by the EU's transport Commissioner, who is "undermining the Green Deal", according to Austria's Greens. EURACTIV Germany reports.
Italy’s Conte rebukes opposition as debate over ESM reform heats up
Italian prime minister Giuseppe Conte called upon the right-wing opposition to act responsibly in talks over the reform of the eurozone bailout fund, the European Stability Mechanism (ESM).
Monte dei Paschi bailout accepted with severe restructuring plan
The European Commission and Italy agreed on a bailout for embattled bank Monte dei Paschi that would pave the way for the injection of billions of euros.
Greece slashes GDP forecast in new budget plans
The Greek government on Sunday (14 May) slashed its GDP growth forecast for 2017 as it moved towards submitting new austerity measures, including a wider tax net, for approval by lawmakers.
IMF holds keys to Greece’s fate
The International Monetary Fund must hold firm to its stated position in support of debt relief for Greece in meetings of finance ministers that will take place in Washington this week, writes William Rhodes.
Portugal raises wages and keeps deficit low
While the European left is largely struggling where it holds power, Portugal's government alliance stands out as a remarkable exception. It is raising wages and gaining popularity as well as delivering the lowest budget deficit in living memory.
Italy to stretch EU rules again with new bank bailout
Italy's plans to bail out two regional banks pose a dilemma for European regulators, who are still considering whether Monte dei Paschi qualifies for state aid, three months after giving a preliminary green light.
The bailout business: Who profits from bank rescues in the EU?
According to a new report by Amsterdam's Transnational Institute, bailing out banks is a lucrative business in the EU.
Moscovici says EU and Greece ‘very close’ to opening vital debt talks
Greece and its European creditors are "very close" to an agreement that would open the way to vital debt talks, EU economy commissioner Pierre Moscovici said on Monday (28 November).
Commission and IMF clash over influence of politics over bailout programmes
The European Commission has said that stabilising the eurozone was "eminently a political issue" after an independent probe into the IMF's handing of sovereign bailouts found it was vulnerable to pressure from governments.
Internal auditor hits out at IMF handling of Greece bailout
An independent probe into the IMF’s handling of European bailouts found that it bent its rules and was vulnerable to political pressure as it embarked on the ill-fated 2010 Greece rescue. The International Monetary Fund’s Independent Evaluation Office (IEO) said...
EU readies contingency plan for possible Monte Paschi wind down
European Union authorities are making contingency plans for the possible winding down of Banca Monte dei Paschi if the Italian lender has a poor reading in stress tests this week and no private or public support is available, an EU official said.
The threat of populism must be a non-issue in decision to fine Portugal and Spain
Stability and Growth Pact rules must be applied to the letter if the eurozone is to keep any kind of credibility. Populism must not be used as an excuse to reward irresponsible budgetary policies, argues Friedrich Heinemann.
ECB threatens legal action against Slovenia after police raid
The European Central Bank threatened to take legal action against Slovenia yesterday (6 July) after police seized documents from the country's central bank in a rare conflict between authorities and one of the eurozone's most respected institutions.
German constitutional court confirms complaint against ECB policy
Germany's Constitutional Court confirmed on Tuesday (17 May) it has received a complaint against the European Central Bank's monetary policy, as reported by the Welt am Sonntag newspaper at the weekend.
Tsipras requests extraordinary EU summit to break debt talks deadlock
Greek Prime Minister Alexis Tsipras yesterday (27 April) sought help from the European Union to break a deadlock in critical debt talks as his spokeswoman accused the IMF of "undermining" the process.
The Cypriot economy: Turning the page
At the time of the 2012-2013 financial crisis, few could have predicted that three years later, Cyprus would be out of the woods, writes Nikos Chistodoulides in an exclusive op-ed for Euractiv.com
Cyprus exits bailout programme
Cyprus on Thursday concluded its multi-billion-euro bailout programme with the European Union's rescue fund as it battles back from a financial crisis that ravaged its banking sector.
Portugal adopts anti-austerity budget despite concerns
Portugal's Socialist-led lawmakers on Tuesday (22 February) approved a 2016 budget that pledges to reverse unpopular austerity measures but is seen as high-risk by critics and investors, with Lisbon under EU pressure to stay on a disciplined path.
Varoufakis to launch new movement in Berlin
Former Greek Minister for Finance Yanis Varoufakis is planning a comeback - in Germany. EURACTIV Germany reports.
Greece’s proposed pension reforms get no backing from opposition
Greece's leftist-led government offered a reform plan for the country's pension system that would cut future benefits, with no backing from the political opposition, before talks with official lenders resume later this month.