Articles About Bailout

Author:
James I. Clark III
Posted:
07.09.2012

Back to the Drawing Board for Greece

International lenders and Greece will renegotiate the program on which the second financial bailout for Athens is based because the original has become outdated, according to a senior Eurozone official.  Greece received a €130-billion bailout in February from the European Union and the International Monetary Fund (IMF).  General elections in May and June delayed the […]

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Author:
Catalina Parada
Posted:
06.20.2012

Spain Asks the Eurozone for a Bank Bailout for up to 100 Billion Euro

Spain asked the Eurozone for a bailout of up to €100-billion to rescue its banks.  This is just a short-term fix for the troubled Eurozone because it doesn’t address the underlying problems in the monetary union.  The earlier bailouts of Greece, Ireland and Portugal didn’t resolve the problems either.  “The Spanish banking bailout is big […]

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Author:
Catalina Parada
Posted:

Spain Asks the Eurozone for a Bank Bailout

Spain asked the Eurozone for a bailout of up to €100-billion to rescue its banks.  This is just a short-term fix for the troubled Eurozone because it doesn’t address the underlying problems in the monetary union.  The earlier bailouts of Greece, Ireland and Portugal didn’t resolve the problems either.  “The Spanish banking bailout is big […]

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Author:
James I. Clark III
Posted:
04.23.2012

Is Greece Headed Towards a Third Bailout?

Lucas Papademos, Greece’s prime minister, said that his crisis-plagued country could require a third bailout just weeks after it secured a second round of rescue funds after much discussion in Brussels. Athens may have received the biggest bailout in history but another lifeline could not be ruled out, according to Papademos.  To date, the European […]

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Author:
James I. Clark III
Posted:
02.08.2012

Is Hard-Hit Ireland Resolving It’s Economic Crisis?

Ireland was one of the nations that was hardest hit by the Eurozone crisis, but now it’s being seen as leading stricken nations in their efforts to turn their economies around.  International Monetary Fund (IMF) and European Union (EU) officials are impressed by its austerity measures, imposed after the massive 2010 bailout.  For the average […]

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Author:
James I. Clark III
Posted:
12.07.2011

The Fed’s Secret Bank Loans Revealed

In a stunning revelation, Bloomberg has obtained 29,000 pages of Federal Reserve documents detailing the largest bailout in American history.  According to an article that will appear in the January issue of Bloomberg Markets magazine, the “Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on December […]

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Author:
Tom Silva
Posted:
10.19.2011

As Economic Woes Deepen, Greece Seeing More Suicides

Greece’s dire financial crisis is taking a toll on the nation’s psyche in more ways than mere worries over whether the economy will survive. A team of technical experts, primarily from the European Union (EU), are in Greece monitoring the state of its debt-stricken economy – and they are well aware of how dire the situation […]

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Author:
James I. Clark III
Posted:
06.06.2011

Portugal Becomes Third of PIGS To Seek EU Bailout

Portugal has become the third European nation to accept a financial bailout to the tune of € 78 billion, with € 12 billion going directly to the Iberian nation’s banks.  It is the third of four PIGS nations (Portugal, Ireland, Greece, Spain) to require a bailout.  Caretaker Prime Minister Jose Socrates announced that he had […]

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Author:
James I. Clark III
Posted:
06.29.2010

Treasury: TARP Repayments Now Surpass Debt

The $700 billion Troubled Asset Relief Program (TARP) is turning out to be a better bet than many thought at first. According to the Treasury Department, the amount of money repaid by banks and other recipients now exceeds TARP’s outstanding balance.  In a monthly report to Congress on the program, TARP repayments total $194 billion; […]

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Author:
James I. Clark III
Posted:
01.06.2010

TARP Savings Could Finance Jobs Program

The $700 billion Troubled Asset Relief Program (TARP) cost $200 billion less than originally anticipated,  according to a new Treasury Department report.  That reflects faster repayments by big banks, as well as less spending on rescue programs as the financial sector recovers more quickly than expected. And it’s good news for President Obama’s new job […]

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