Congress Bailouts

  • BERLIN, Dec 10- European Central Bank policymaker Jens Weidmann has said state involvement in the rescue of Italian banks can't be ruled out, piling further pressure on the Rome government to bail out Monte dei Paschi di Siena. Weidmann, the hawkish president of Germany's Bundesbank, did not mention Monte dei Paschi di Siena, Italy's third-largest bank and the...

  • *Pressure mounts on Rome to recapitalise Monte Paschi. MILAN, Dec 9- The European Central Bank has rejected a request by ailing Italian lender Monte dei Paschi di Siena for more time to raise capital, a source said on Friday, in a move that piles pressure on the Italian government to bail out the bank. The ECB's supervisory board turned down the request at a meeting on...

  • LONDON, Dec 7- Cyprus will renew its attempt to privatize state telecoms group Cyta next year after previously failing to get approval to sell it all, putting legislation before parliament in January to allow the sale of a minority stake. Sweeping privatization was a condition of a 10 billion euro bailout program from the European Union and the International...

  • *Germany insists conditions not met, irritating Greece and allies. BRUSSELS, Dec 6- Greece thanked creditors for modest debt relief on St. But others, not least German Finance Minister Wolfgang Schaeuble, made clear that is highly unlikely after a Eurogroup meeting on Monday that revealed differences over how well Greece has done in meeting reform commitments.

  • *Germany insists conditions not met, irritating Greece and allies. BRUSSELS, Dec 6- Greece thanked creditors for modest debt relief on St. But others, not least German Finance Minister Wolfgang Schaeuble, made clear that is highly unlikely after a Eurogroup meeting on Monday that revealed differences over how well Greece has done in meeting reform commitments.

  • *Germany insists conditions not met, irritating Greece and allies. BRUSSELS, Dec 6- Greece thanked creditors for modest debt relief on St. But others, not least German Finance Minister Wolfgang Schaeuble, made clear that is highly unlikely after a Eurogroup meeting on Monday that revealed differences over how well Greece has done in meeting reform commitments.

  • *Germany insists conditions not met, irritating Greece and allies. BRUSSELS, Dec 6- Greece thanked creditors for modest debt relief on St. But others, not least German Finance Minister Wolfgang Schaeuble, made clear that is highly unlikely after a Eurogroup meeting on Monday that revealed differences over how well Greece has done in meeting reform commitments.

  • ATHENS, Dec 6- Greece welcomed the euro zone's offer of short-term debt relief on Tuesday but urged Germany and the International Monetary Fund to abandon their demands for harsher austerity once its bailout programme expires in 2018.. It wants to wrap up the latest review to qualify for inclusion in the European Central Bank's quantitative easing programme...

  • ROME, Dec 6- Italy is preparing a state bailout for Monte dei Paschi di Siena as the bank's hopes of being saved by private funding fade following Prime Minister Matteo Renzi's decision to quit, sources close to the matter said on Tuesday. Monte dei Paschi must raise 5 billion euros by the end of December to avert the risk of being wound down, but investors are...

  • necessistate swift caretaker government, have to move quickly with state intervention

    Dijedon Imeri, an analyst at IHS Country Risk, discusses the political backlash of not rescuing the world's oldest bank, Monte Dei Paschi Di Siena.

  • BRUSSELS— Greece won some short-term debt relief from European creditors on Monday even though it failed to clear the latest hurdle in its bailout program that has prevented the country going bankrupt and crashing out of the euro. At a meeting of the 19 eurozone finance ministers in Brussels that was largely overshadowed by the Italian referendum result that...

  • BRUSSELS, Dec 5- Euro zone finance ministers hope to reach a compromise on Greek reforms on Monday in a final bid to get International Monetary Fund support for its bailout programme by the end of the year. Greece is required by its euro zone creditors to pass wide-ranging reforms and sell state assets under an 86 billion euros bailout programme, but negotiators...

  • HARTFORD, Conn.— A lawmaker wants the state to bail out about 20 people and businesses in Connecticut that are owed a total of about $270,000 by a now-defunct organization that operated the state's official flagship, the Amistad schooner. Diana Urban, of North Stonington, said Friday that she will propose a bill for the 2017 legislative session that calls for the...

  • ATHENS, Dec 2- Greece expects to reach an initial agreement with its official creditors at a meeting of euro zone finance ministers on Monday on the fiscal targets and reforms it needs to adopt to conclude its latest bailout review, a government official said on Friday. Greece received 240 billion euros from two earlier bailouts and is due to get 86 billion under...

  • ATHENS, Dec 2- Greece expects to reach an initial agreement with its official creditors at a meeting of euro zone finance ministers on Monday on the fiscal targets and reforms it needs to adopt to conclude its latest bailout review, a government official said on Friday. Greece received 240 billion euros from two earlier bailouts and is due to get 86 billion under...

  • ATHENS, Dec 2- Greece expects to reach an initial agreement with its official creditors at a meeting of euro zone finance ministers on Monday on the fiscal targets and reforms it needs to adopt to conclude its latest bailout review, a government official said on Friday. Greece received 240 billion euros from two earlier bailouts and is due to get 86 billion under...

  • ATHENS, Dec 2- Greece expects to reach an initial agreement with its official creditors at a meeting of euro zone finance ministers on Monday on the fiscal targets and reforms it needs to adopt to conclude its latest bailout review, a government official said on Friday. Greece received 240 billion euros from two earlier bailouts and is due to get 86 billion under...

  • ATHENS, Greece— Disabled people and patients with chronic illnesses from around Greece protested in central Athens Friday against austerity measures as the government races to clinch a new deal with bailout lenders. Unemployment among people with disabilities was more than double the national jobless rate of 23 percent with poverty levels also sharply...

  • ATHENS, Greece— Ferries across Greece are to remain tied up in port for two days as seamen walk off the job to protest proposed tax hikes. Greece's left-led government has been struggling to meet criteria that will allow the release of more funds under the country's third international bailout. Greece has relied on bailout rescue loans since 2010, and in return...

  • ATHENS, Greece— A senior European Union official says Greece could reach an agreement with its creditors by the end of the year to ease its bailout debt repayments. A deal would be key to making Greece's debt and bailout program sustainable. Dutch Finance Minister Jeroen Dijsselbloem echoed those remarks from Brussels.