Congress Bailouts

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  • LAUNCESTON, Australia, Feb 10-- When the going gets tough, the tough ask for tax relief. If you are looking for a sign that the end game of the commodity downturn is getting closer, witness the clamour for more support from Australia's embattled resources sector. "We are not looking for bailouts or subsidies but our entire sector needs certainty and support in the...

  • ATHENS, Feb 9- Greece and its international lenders must conclude a first assessment of the country's bailout reforms as quickly as possible, the government spokeswoman said on Tuesday. Talks between the mission chiefs from the European Union, International Monetary Fund, European Central Bank and the euro zone's bailout fund on reviewing Greece's progress...

  • THESSALONIKI, Greece— Farmers in northern Greece blocked traffic on the country's main highway Tuesday, intensifying nationwide protests against austerity measures demanded by bailout lenders. Protest organizers said a tractor blockade on the highway linking Athens to Greece's second largest city, Thessaloniki, would be in effect indefinitely unless...

  • ATHENS, Feb 8- Greece's lenders still need to be persuaded that Athens can plug a bigger than expected fiscal gap when talks on reforms needed under an international bailout resume next week, the finance minister said on Monday. Talks between the heads of the EU/IMF mission reviewing Greece's progress and the government over a tough pension reform plan, fiscal...

  • Banks worst hit as Greek stocks fall to 25-year low Monday, 8 Feb 2016 | 9:56 AM ET

    ATHENS/ LONDON, Feb 8- Greece's main equity index fell to its lowest level in more than 25 years, with bank shares touching record lows, driven by political uncertainty and concerns about Europe's financial sector. Greece's finance minister said on Monday that the country expected the review of its bailout performance to resume next week and conclude two weeks...

  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises it made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials who met...

  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatize its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises it made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials who met...

  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises Islamabad had made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials...

  • ATHENS, Greece— Tens of thousands joined anti-government protests in Athens Thursday as Greece was crippled by a general strike against a bailout-related overhaul of the country's ailing pension system. Unions are angry at pension reforms that are part of Greece's third international bailout. Thursday's general strike is the most significant the...

  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises Islamabad had made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials...

  • TOKYO, Feb 4- Sharp Corp board members are set to accept an offer by Taiwan's Hon Hai Precision Industry Co, rejecting a rescue plan by a Japanese state-backed fund, broadcaster NHK reported. The decision comes after months of uncertainty over the fate of the company, whose display panel business has continued to suffer massive losses despite two major bailouts...

  • ATHENS, Feb 3- International lenders were locked in talks with Greece in a crucial first assessment of compliance with bailout terms on Wednesday, the eve of a national strike called to protest at pension reforms mandated by the deal. Greece must introduce a raft of pension reforms to win a positive assessment from lenders of its level of adherence to conditions...

  • Greek journalists strike as part of anti-bailout action Wednesday, 3 Feb 2016 | 4:35 AM ET

    ATHENS, Greece— Greek journalists walked off the job Wednesday ahead of a general strike set to disrupt services across the country to protest pension reforms that are part of the country's third international bailout. The media strike pulled all news broadcasts off the airwaves and left news websites without updates, while no Thursday newspapers would be...

  • Unemployment has steadily improved since peaking at 15.1 percent in 2012, months before Ireland exited dependence on European and International Monetary Fund loans. Ireland faced bankruptcy in 2010 as the cost of rescuing six domestic banks crippled the country's ability to finance itself. The bailout gave Ireland time to restructure banks, repair its...

  • ATHENS, Feb 1- Greece's international lenders began reviewing on Monday its progress in implementing reforms set out in a multi-billion euro bailout deal to assess whether it has done enough to secure debt relief in future. Cash-strapped Greece is facing challenges on various fronts as it struggles to win public approval to overhaul the pension system and...

  • Representatives from Greece's European creditors and the International Monetary Fund began talks in Athens with Greek officials. In return for money from the country's third bailout, which was agreed last summer and is worth around 80 billion euros, Greece's left-led government has to meet a series of conditions, from reducing spending to enacting...

  • ATHENS, Greece— The Greek government enters a new round of talks with its creditors, skeptical about the depth and efficacy of its pension reform plans, facing protests over those plans from a broad spectrum of professions. Talks with the quartet of creditors— the European Commission, the European Central Bank, the European Stability Mechanism and the...

  • WASHINGTON, Jan 29- The International Monetary Fund said on Friday it is leaving the door open to large bailout loans for countries with questionable ability to repay debt, but has revised its rules for such rescues. Last week, the IMF ended the 2010 lending exemption that allowed major bailout loans to Greece, Ireland and Portugal and helped to ease a European...

  • *ECB put Ireland under "undue pressure" to enter bailout. DUBLIN, Jan 27- Failures in banking, regulation and government policy directly caused Ireland's costly banking crisis and Europe's response made it worse, a parliamentary inquiry into the 2008 crash concluded on Wednesday. The banking crisis pushed Ireland into a three-year sovereign bailout in 2010...

  • TOKYO, Jan 22- A Japanese state-backed fund and Sharp's lenders are likely to agree on a new rescue plan worth around 650 billion yen for the struggling display maker by next weekend, sources with direct knowledge of the matter said on Friday. INCJ is offering to invest 300 billion yen in Sharp, while banks were expected to offer up to 350 billion yen in financing...