About: banking crisis Archives

  • Spain quits EU’s aid programme for its banking sector

    News | Euro & Finance 15-11-2013

    Eurozone finance ministers agreed yesterday (13 November) to allow Spain to exit an aid programme for its banking sector in January without drawing more European funds.

  • Eurozone leaders snub Cyprus’ request for new bailout terms

    News | Euro & Finance 20-06-2013

    Eurozone officials have no intention of changing the terms of a bailout for Cyprus, rejecting calls by Cypriot President Nicos Anastasiades who had asked for adjustments to be made to the rescue plan.

  • New Slovenian prime minister denies bailout speculation

     Video | Promoted content | Euro & Finance 10-04-2013

    On her first visit to Brussels as Slovenian prime minister, Alenka Bratušek on Tuesday (9 April) sought to downplay reports that the eurozone country would be the next in line to seek a bailout. 

  • New Slovenian prime minister denies bailout speculation

    News | Euro & Finance 10-04-2013

    On her first visit to Brussels as Slovenian prime minister, Alenka Bratušek on Tuesday (9 April) sought to downplay reports that the eurozone country would be the next in line to seek a bailout. 

  • Cypriot banks reopen but brace for run on cash

    News | Euro & Finance 28-03-2013

    Cypriots were preparing to descend on banks, which reopen Thursday (28 March) with tight controls imposed on transactions to prevent a catastrophic bank run.

  • Small investors take a hit for Spain’s Bankia rescue

    News | Euro & Finance 05-03-2013

    EU regulators will order shares of Spain's Bankia be valued at just €0.01 each, a European Commission source said on Tuesday (5 March), meaning shareholders including thousands of ordinary Spaniards will be hit hard in a debt-for-equity swap to boost the bank's finances.

  • Spain puts the heat on eurozone

    News | Social Europe & Jobs 25-07-2012

    Spain paid the second highest yield on short-term debt since the birth of the euro at an auction yesterday (24 July), prompting market watchers to warn that such levels aren't sustainable and that the EU’s fourth largest economy will need a bailout the eurozone can barely afford.

  • Political hurdles cleared in Spanish bank bailout

    News | Euro & Finance 20-07-2012

    The Eurogroup today (20 July) announced it would grant a bailout of up to €100 billion to Spain to help the country recapitalise its banks, following a telephone conference call during which finance ministers gave their backing to the rescue plan.

  • Commission welcomes new austerity measures in Spain

    News | Social Europe & Jobs 12-07-2012

    A Commission spokesman welcomed yesterday (11 July) the new austerity measures announced by Spanish Prime Minister Mariano Rajoy, but social unrest appears to be a factor to watch in the EU’s fourth largest economy. EURACTIV Spain contributed to this article.

  • Cyprus to get bailout from EU, Russia: President

    News | Euro & Finance 05-07-2012

    Cyprus President Demetris Christofias said today (5 July) that his country, which has just taken over the rotating EU presidency, would seek financial assistance from both the European Union and Russia. While EU conditions were harsh, Moscow’s help was “not forbidden by EU law” and has no strings attached, he said. EURACTIV.com reports from Nicosia.

  • Belgian KBC bank pushes Slovenia towards bailout

    News | Central Europe 04-07-2012

    Slovenia appears to be on its way to becoming the sixth eurozone country to request an EU bailout as it seeks to prop up its struggling banking sector, including the country’s largest bank that is partly owned by Belgium’s KBC.

  • Spain joins ‘the Group of Debt’

     Video | Promoted content | Economy & Jobs 11-06-2012

    It is not a bailout, but a nearly condition-free loan. This is the message sent by the Spanish government after euro zone finance ministers agreed on Saturday to lend Madrid up to 100 billion euros for recapitalising its banks.
    Following weeks of denying the need for financial assistance, Spanish PM Mariano Rajoy gave in to international pressure. He requested a rescue package that he portrayed as a triumph, but which caused outrage among Spanish citizens.

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