GO
Loading...

Bailouts

More

  • Bankers at war: Portugal probe exposes crisis feud Monday, 15 Dec 2014 | 2:26 AM ET

    An investigation by Portugal's Parliament into last summer's collapse— and 4.9 billion euro bailout— of the country's largest listed bank has turned into gripping television as members of the wealthy Espirito Santo banking dynasty wash their dirty laundry in public. Regulators have already accused Banco Espirito Santo's leadership of fraud, forgery and...

  • ATHENS, Dec 13- Greece's radical leftist opposition leader, Alexis Tsipras, accused Prime Minister Antonis Samaras on Saturday of sowing fear in the country to win support for a presidential vote the government must win to avoid a snap election. Tsipras's Syriza party, which wants to tear up Greece's EU/IMF bailout deal, is likely to win an election, polls show, and...

  • ATHENS, Dec 13- Greece's radical leftist opposition leader, Alexis Tsipras, accused Prime Minister Antonis Samaras on Saturday of sowing fear in the country to win support for a presidential vote the government must win to avoid a snap election. Tsipras's Syriza party, which wants to tear up Greece's EU/IMF bailout deal, is likely to win an election, polls show, and...

  • US stocks move lower, following global declines Tuesday, 9 Dec 2014 | 12:01 PM ET

    NEW YORK— U.S. stocks are sharply lower in midday trading following a slump in global markets. European markets slid after an early presidential vote was called in Greece, which investors feared could jeopardize the struggling country's bailout program. The price of crude oil rebounded from a dip the day before, rising 58 cents to $63.63 a barrel in New York.

  • *Greece may get credit line till February- Schaeuble. If Samaras fails to secure victory in parliament for his presidential candidate, snap national elections will be called that the leftist Syriza party- a fierce opponent of Greece's bailout deal with the European Union and IMF- is likely to win. The Athens general stock index tumbled 12.8 percent, its biggest...

  • Greek share slump weighs on European equities Tuesday, 9 Dec 2014 | 10:14 AM ET

    LONDON, Dec 9- European shares fell to a two-week low on Tuesday, led down by a slump in Greek stocks after an unexpected decision to bring forward the country's presidential election in which the anti-bailout Syriza party is well placed to do well. Greek stocks sank 11.3 percent, set for their biggest single-session fall since November 1987, the Athens Stock...

  • ATHENS, Dec 9- Prime Minister Antonis Samaras named his candidate on Tuesday for the Greek presidency under a gamble that, if it fails, would force snap parliamentary elections when anti-bailout leftists would probably come out on top. Financial markets took the uncertainty badly, with Greek stocks and bonds tumbling on the plan to start voting for the...

  • LONDON, Dec 9- Greek share and sovereign bond markets plunged on Tuesday after the government brought forward a presidential vote, in a political gamble that heightened uncertainty over the country's transition out of its IMF/EU bailout. Athens stock exchange's main index was down 8.9 percent, setting it on course for its sharpest one-day drop since 2009. An...

  • Greek stocks plummet on fear of political crisis Tuesday, 9 Dec 2014 | 4:31 AM ET

    If the vote in Greece's parliament is inconclusive, investors fear it could lead to general elections and a possible victory for an opposition party that wants to modify the bailout. The main left-wing opposition party, Syriza, which is leading in the polls, has said it will demand a substantial cut to what Greece owes in rescue loans if it is elected.

  • Miranda Xafa, president of EF Consulting and former IMF board member, discusses why a snap presidential election in Greece has been called and what it could mean for the political landscape in the troubled euro zone country.

  • The decision came after euro zone finance ministers said they were in favour of granting Greece its request for only a two-month extension to its bailout programme, a boost for Prime Minister Antonis Samaras who has been pushing for an early exit from the programme which is deeply unpopular in Greece. The decision effectively throws down the gauntlet to...

  • IMF visits Ukraine for bailout talks Monday, 8 Dec 2014 | 5:00 PM ET

    *Kiev had hoped to receive next tranche of $2.7 bln by year-end. KIEV, Dec 9- An IMF mission will visit Kiev on Tuesday to start a fresh round of talks with the new government linked to a $17 billion loan package that may have to be ramped up due to the financial toll of a separatist crisis in Ukraine's east. Kiev had expected that the next loan tranche, worth $2.7 billion,...

  • ATHENS, Dec 8- Greece's government on Monday brought forward a crucial presidential vote by two months, in a surprise move after securing a two-month extension of its bailout programme. The presidential vote has created uncertainty in Greece for months as failure to elect a president would lead to snap elections and political instability.

  • BRUSSELS, Dec 8- Euro zone finance ministers are in favour of granting Greece a two-month extension of its bailout program, which Athens will ask for on Tuesday, Eurogroup chief Jeroen Dijsselbloem said on Monday. Greece's parliament approved next year's budget in the early hours of Monday, the plan being closest to a balanced budget Greece has produced in more...

  • S&P says Ireland rebounding, raises credit rating Friday, 5 Dec 2014 | 12:59 PM ET

    DUBLIN— Standard& Poor's raised Ireland's credit grade one notch to A and declared Friday that the country is rebounding with surprising strength from its 2010 international bailout. That effort ultimately failed, overwhelming Ireland's ability to borrow on bond markets and forcing it to seek a three-year emergency loan package from European Union and...

  • Euro zone mulls longer Greek bailout, Athens refuses Thursday, 4 Dec 2014 | 6:28 PM ET
    Greek Prime Minister Antonis Samaras

    Euro zone ministers are considering extending Greece's bailout by six months to mid-2015, but Athens said it was only willing to consider an extension of a few weeks to the unpopular program.

  • ATHENS, Dec 4- Euro zone ministers are considering extending Greece's bailout by six months to mid-2015, according to a document obtained by Reuters, but Athens said it was only willing to consider an extension of a few weeks to the unpopular program. "Greece has not received any written proposal on an extension," a government official told Reuters.

  • An extension of the bailout, under which Athens will have received a total of 240 billion euros since 2010, is necessary because international lenders and the Greek government are still negotiating what Athens must do to get the remaining 1.8 billion euros and secure a back-up credit line for after the bailout ends and Greece returns to market financing.

  • BRUSSELS/ ATHENS, Dec 3- Greece will have to ask for an extension on its bailout program before parliaments in euro zone nations close for Christmas because a new credit line will not be ready in time, a senior euro zone official said on Wednesday. After two bailouts totalling 240 billion euros since 2010, Greece wants to switch back to market financing from the...

  • ATHENS, Dec 2- Greek opposition leader Alexis Tsipras promised on Tuesday that if elected, he would swiftly scrap the country's EU/IMF bailout without waiting for the outcome of talks with lenders. Greece could face early elections next year, depending on the outcome of a separate vote to elect a president. Tsipras reiterated his call for the European Union to...