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Eurozone Bailout

Cyprus Bailout: A Really Bad Deal

Elena Panaritis | Posted 05.17.2013 | World
Elena Panaritis

The big euro news this weekend is playing out in Cyprus where the newly-elected government agreed to a 10 billion euro bailout. One of the conditions of the bailout is a controversial one-off tax of 9.9% on all bank deposits of more than 100,000 Euros. This news was met with disbelief.

Eurozone To Launch Bailout Fund, With Hopes Spain Will Beg For Aid

Reuters | Posted 12.07.2012 | Business

By Jan Strupczewski BRUSSELS, Oct 8 (Reuters) - Euro zone finance ministers will launch their 500 billion euro ($653.00 billion) perma...

Bank Bailout Approved

AP | DON MELVIN | Posted 09.18.2012 | Business

BRUSSELS (AP) — Concerns about Spain's crippling financial problems flared again Friday as even news that the country had been given the final go-ah...

European Leaders Agree To Small Growth Package To Make 'Recession Less Deep'

AP | DON MELVIN and ANGELA CHARLTON | Posted 08.28.2012 | Business

BRUSSELS — European leaders have agreed to use the continent's permanent bailout fund to recapitalize struggling banks, and agreed to the idea o...

Here Comes The Spanish Firesale

Reuters | Posted 08.26.2012 | Business

* Equity stakes at risk of sale worth 22 billion euros -UBS * As much as 9 pct of blue-chip index market cap at stake * ...

Spain Debt Becomes 'Prohibitively Expensive'

AP | DANIEL WOOLLS | Posted 08.18.2012 | Business

MADRID (AP) — Spain found it increasingly difficult to find buyers for its debt Tuesday when it had to pay a sharply higher interest rate in an auct...

Europe's Recapitalization Support for Spain Should Be Sufficient

Georges Ugeux | Posted 08.10.2012 | Business
Georges Ugeux

The recent decision of the Spanish government to ask for a $125 billion recapitalization program was not an easy one. However, the Spanish package is substantially different from its predecessors.

S&P Downgrades Eurozone Bailout

AP | GABRIELE STEINHAUSER | Posted 03.17.2012 | Business

BRUSSELS — Rating agency Standard & Poor's said Monday it has downgraded the creditworthiness of the eurozone's rescue fund by one notch to AA+,...