×

Congress Bailouts

  • BRUSSELS, Greece— European Commission officials say Greece will still be subject to quarterly inspections from creditors after the bailout program ends in late August. Greece has already committed to two more years of budget austerity policies after its third consecutive international rescue program is concluded. But creditors on Wednesday said Greece...

  • LJUBLJANA, July 10- Non-performing loans at Slovenian banks fell in May to 2.2 billion euros, or 5.2 percent of all loans, from 5.4 percent in April, the Bank of Slovenia said on Tuesday. Slovenia, which narrowly avoided an international bailout for its banks in 2013, when bad loans amounted to about a fifth of all loans, returned to growth a year later and banks have...

  • *Greece exits third international bailout next month. ATHENS, July 4- Greece has the capacity to finance itself unaided under a debt relief deal linked to its exit from an international bailout, the country's finance minister said, without ruling out the agreement's long-term fiscal targets could at some point be reviewed. As he prepares for meetings with...

  • *Greece exits third international bailout next month. ATHENS, July 4- Greece has the capacity to finance itself unaided under a debt relief deal linked to its exit from an international bailout, but the agreement's long-term fiscal targets may need reviewing, the country's finance minister said. As he prepares for meetings with investors in New York and Boston...

  • ATHENS, Greece— A European Union official has indicated that another cut to pensions planned for next year could be softened. He said: "We will discuss with Greece... on its own draft budgetary plan," which has to respect fiscal targets. Greece is due to exit its eight-year bailout program next month.

  • LUXEMBOURG, June 22- European Union finance ministers agreed on Friday to double a war chest for dealing with failing banks and boost powers of the euro zone bailout fund, but were split over whether to have a mechanism to restructure government debt or a euro zone budget. All the EU's finance ministers except Britain, which will leave the bloc in March, discussed...

  • LUXEMBOURG CITY- Finance ministers of euro zone countries meet in Luxembourg to decide possible new debt relief measures for Greece, the size of the cash send-off for Athens when it ends its third bailout on Aug. 20 and how to ensure Greece will not reverse already agreed reforms once the bailout is over- 1500 GMT. LONDON- British Finance Minister Philip Hammond...

  • LUXEMBOURG CITY- Finance ministers of euro zone countries meet in Luxembourg to decide possible new debt relief measures for Greece, the size of the cash send-off for Athens when it ends its third bailout on Aug. 20 and how to ensure Greece will not reverse already agreed reforms once the bailout is over- 1500 GMT. LONDON- British Finance Minister Philip Hammond...

  • ATHENS, June 20- Greece expects euro zone finance ministers to deliver on promised debt relief this week so that it can at last plan its financial future "like any ordinary country", the government spokesman said on Wednesday. Shut out of debt markets in 2010, Greece is set to exit its international bailout programme formally in August. Under the biggest sovereign...

  • WASHINGTON, June 11- Bailing out nuclear and coal-fired power plants will not toughen the U.S. power grid against cyber attacks as the Trump administration claims, according to cyber experts, because hackers have a wide array of options for hitting electric infrastructure and nuclear facilities that are high-profile targets. The announcement came as the...

  • ATHENS, June 9- Greece submitted a draft bill to parliament late on Friday outlining reforms in the energy, pension and labour sectors as the government races to secure the last loans from its international bailout programme. Athens is keen to pass a final review by its creditors ahead of a Eurogroup meeting on June 21, where it is also hoping for progress on a deal...

  • "This sale represents a significant step in returning RBS to full private ownership and putting the financial crisis behind us," Britain's Finance Minister Philip Hammond said. Once one of the largest banks in the world by assets, RBS's near collapse required Britain's biggest bailout, leaving the government still holding a large stake nearly a decade later.

  • WASHINGTON, June 4- A federal fund to help U.S. coal miners disabled by black lung disease will require a multibillion-dollar taxpayer bailout if Congress does not extend or increase the tax on coal production that funds it, according to a government report on Monday. Coal companies are currently required to pay a $1.10 per ton tax on underground coal production...

  • *Britain to sell 7.7 pct of RBS overnight. LONDON, June 4- Britain is selling around 925 million shares in Royal Bank of Scotland for about 2.6 billion pounds as it seeks to return the bank to private hands, the government unit managing its stake said on Monday. Britain will make a loss on that investment, with RBS shares having almost halved in value since the bailout,...

  • WHISTLER, British Columbia, June 2- Euro zone lenders will put together a debt relief deal for Greece that will be credible to markets and involve a rescheduling of loans from the second Greek bailout, said Mario Centeno, chairman of the euro zone finance ministers group. The aim was to secure last-minute backing from the IMF for the euro zone debt relief offer for...

  • SAO PAULO, May 30- Brazil's poultry industry will cull 24 million chickens a day from Thursday if suppliers cannot get food to birds because of a truckers' strike, and the government will need to bail out the hardest-hit producers, the agriculture minister said on Wednesday. Truckers striking over high fuel prices have choked Latin America's largest economy for...

  • SAO PAULO, May 30- Brazil's poultry industry will cull 24 million chickens a day from Thursday if suppliers cannot get food to birds because of a truckers' strike, and the government will need to bail out the hardest-hit producers, the agriculture minister said on Wednesday. Truckers striking over high fuel prices have choked Latin America's largest economy for...

  • ATHENS, May 30- Thousands of Greek workers went on strike on Wednesday to protest against years of belt-tightening and a new wave austerity measures that will kick in after the country's third international bailout expires this summer. Some flights were grounded, ships were unable to sail and public transport was disrupted in the one-day nationwide action...

  • OTTAWA/ HOUSTON, May 30- U.S. energy firm Kinder Morgan's C $4.5 billion sale of an oil pipeline to Canada's government marked an extraordinary escape from months of fraught negotiations among warring camps of Canadian officials. The arrangements, which have not been previously reported, gave Kinder Morgan unique leverage in threatening last month to walk...

  • Some flights were grounded, ships were unable to sail and public transport was disrupted in the one-day nationwide action organised by Greece's largest labour unions, the private sector union GSEE and its public sector counterpart ADEDY. Greece's largest carrier Aegean and Olympic Air cancelled three return flights and rescheduled 50 flight legs.