Bailouts
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Cyprus' president has asked euro zone leaders for a complete revamp of his country's 10 billion euro ($13.4 billion) bailout, the Financial Times reports.
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ATHENS, June 10- Greece reported its budget deficit was on track to meet targets set by foreign lenders, whose inspectors arrived in Athens on Monday to measure progress under the country's bailout program.
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WASHINGTON, June 6- The U.S. Treasury said on Thursday it was selling 30 million shares of General Motors Co at $34.41 each, raising roughly $1.03 billion as part of its ongoing effort to exit from the bailed-out company and reduce losses to taxpayers. That represents a $16.97 billion shortfall from the original $49.5 billion bailout price tag.
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BRUSSELS, June 6- The European Commission clashed with the International Monetary Fund on Thursday over their handling of the first Greek bailout, which the IMF said had pushed an extra burden on euro zone taxpayers by letting Athens delay restructuring its debts.
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*Outrage, anger on the streets of Athens. ATHENS, June 6- Greeks reacted with an air of vindication and outrage at the International Monetary Fund's admission it erred in its handling of the country's bailout, berating an apology that comes too late to salvage an economy and countless lives in ruins.
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BRUSSELS, June 6- The European Commission on Thursday rejected the International Monetary Fund's view that lenders mishandled the first Greek bailout in 2010 by allowing Athens to delay a debt restructuring to 2012..
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ATHENS, June 6- Greeks reacted with a mix of vindication and outrage at the International Monetary Fund's admission it erred in its handling of the country's bailout, berating an apology that comes too late to salvage an economy and countless lives in ruins.
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WASHINGTON, June 5- The International Monetary Fund on Wednesday said that it lowered its normal standards for debt sustainability to bail out Greece and its projections for the Greek economy may have been overly optimistic. The IMF pledged about 30 billion euros to Greece at the time, out of a total package of 110 billion euros.
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BRUSSELS, June 5- The euro zone's ESM bailout fund is likely to set a cap on the amount of money it can use for direct bank recapitalisation at between 50 and 70 billion euros, a euro zone document showed on Wednesday.
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BRUSSELS, June 5- The euro zone's ESM bailout fund is likely to set a cap on the amount of money it can use for direct bank recapitalisation at between 50 and 70 billion euros, a euro zone document showed on Wednesday.
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WASHINGTON, June 5- The International Monetary Fund on Wednesday admitted it had to lower its normal standards for debt sustainability to bail out Greece, and its projections for the Greek economy may have been overly optimistic. The IMF pledged about 30 billion euros to Greece at the time, out of a total package of 110 billion euros.
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The Treasury is accelerating its exit from the bailed-out automaker, reports CNBC's Phil LeBeau.
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WASHINGTON, June 5- The U.S. Treasury Department on Wednesday said it will begin another round of sales of the General Motors Co stock it acquired during the government's bailout of the U.S. auto sector.
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ATHENS, June 4- Greece is broadly on track with its bailout programme but must do more to crack down on tax evasion and pursue reforms to attract foreign investors, International Monetary Fund chief Christine Lagarde said on Tuesday.
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Slovenia is scrambling to sell the chain, along with more than a dozen state firms that the tiny Alpine country must divest to avoid going cap in hand to the European Union for a bailout of its floundering financial system.
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*Insurer suing Bank of America, Countrywide in California. District Judge Mariana Pfaelzer in Los Angeles that AIG did not assign $7.3 billion of those claims, which are part of a fraud lawsuit by the insurer against Bank of America Corp and its Countrywide unit.
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*AfD leader wants tougher line on aid for bailout victims. BERLIN, May 30- The leader of Germany's new anti-euro party has signalled a readiness to cooperate with Chancellor Angela Merkel's centre-right bloc after elections in September if it takes a tougher line on aid to struggling euro zone members.
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More than 11 billion shares issued as part of a 15.5 billion euro recapitalisation of the bank started trading at 0700 GMT, in what was meant to be a new beginning after a 24 billion euro bailout last year which eventually triggered a European rescue of Spain's financial system.
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*Pakistan's financing needs estimated at $6 bln- 9 bln. LAHORE, Pakistan, May 24- Pakistan's new leadership expects first results of its planned steps to shore up its finances and ease a power crisis in two or three months and only then should decide whether and on what terms to seek an IMF bailout, a senior policy adviser said on Friday.
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Tesla described itself as the only American car company to have fully repaid government loans, but Chrysler called that statement "unmistakably incorrect."
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LISBON, May 23- President Anibal Cavaco Silva thanked Portugal's patron saint for a long-delayed approval of Lisbon's bailout review last week, but the head of state could claim a share of the credit for himself.
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