About: bailout

Economy & Jobs 22-03-2021

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.
Aviation 10-06-2020

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.
Aviation 30-04-2020

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.
Economy & Jobs 03-12-2019

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).
Economy & Jobs 01-06-2017

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.
Economy & Jobs 15-05-2017

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.
Elections 03-04-2017

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.
Economic governance 23-03-2017

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.
Euro & Finance 29-11-2016

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).
Euro & Finance 29-07-2016

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.
Euro & Finance 29-07-2016

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...
Euro & Finance 27-07-2016

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.
Euro & Finance 07-07-2016

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.
Euro & Finance 17-05-2016

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.
Euro & Finance 28-04-2016

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.
Med & South 31-03-2016

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.
Euro & Finance 24-02-2016

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.
Economy & Jobs 06-01-2016

Varoufakis to launch new movement in Berlin

Former Greek Minister for Finance Yanis Varoufakis is planning a comeback - in Germany. EURACTIV Germany reports.
Euro & Finance 05-01-2016

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.
Elections 28-10-2015

Portugal’s new cabinet likely to be short-lived

Portugal's president accepted yesterday (27 October) the line-up of a new minority government that will be sworn in on Friday, starting the countdown on persuading the opposition-dominated parliament to accept its program or face the collapse of the cabinet.
Elections 26-10-2015

Political crisis boiling in Portugal

The Portuguese parliament is likely to reject the program of the centre-right government of Pedro Passos Coelho, plunging the country into uncertainty.
Elections 21-10-2015

Portugal’s Socialist leader expects to be named Prime Minister

Portugal's centre-right prime minister, and the head of the opposition Socialists, made rival offers yesterday (20 October) to form the next government, exacerbating the country's political stalemate following this month's inconclusive election.
Elections 05-10-2015

Portugal’s ruling coalition reelected, despite austerity policies

Portugal's opposition Socialist leader Antonio Costa conceded defeat in a general election on Sunday (4 October) after exit polls and partial tallies put the ruling centre-right coalition ahead.
Europe's East 25-08-2015

Poroshenko: Ukraine’s war for independence continues

President Petro Poroshenko said on Monday (24 August) that Ukraine is facing a precarious year struggling to fend off Russian efforts to undermine Kyiv's drive for closer relations with Europe.