Tag Archives: bailout
Enda Kenny, Prime Minister of Ireland, said the republic is on track to exit its international bailout program by December. He told the Fine Gael party conference in Limerick that although fragile times lay ahead the economic emergency will be … Continue reading
Italy‘s near-bankrupt Alitalia was thrown a lifeline when its board members, including cautious top shareholder Air France-KLM, approved a capital increase. The move is a part of a plan led by the Italian government to bailout the company with 500 … Continue reading
Bostjan Jazbec, head of Slovenia‘s central bank, has said it will consider asking for outside help if the country’s funding costs stay high. He also said Slovenia’s GDP would shrink by 2.6% this year, more than April’s 1.9% forecast.
Greece has predicted that it will emerge from its six-year long recession next year, in a sign it may be finally recovering from its debt crisis. The Greek government made the forecast in a first draft of its 2014 budget, … Continue reading
According to official figures, the Irish Republic‘s economy has emerged from recession. The economy grew by 0.4% in the second quarter of the year, although this was much weaker than many economists had forecast. Economists had expected growth of at least 0.8%.
Antonis Samaras, Prime Minister of Greece, has said the debt-ridden country could return to pre-crisis living standards within six years. He said that, according to most experts, Greece will not need a couple of decades, not a couple of generations, … Continue reading
Representatives from the International Monetary Fund, the European Commission and the European Central Bank have begun their latest audit of Portugal’s economic health. A raft of reforms was promised by Portugal‘s leaders in return for its May 2011 bailout.
Yannis Stournaras, finance minister of Greece, said Greece may need a third bailout but would not accept new austerity measures. He said that, if there is need for further support to Greece, it will be in the order of about … Continue reading
Wolfgang Schaeuble, finance minister of Germany, has said for the first time that Greece will need another bailout to plug a forthcoming funding gap. His comments come at a sensitive time for his party as Germany will hold elections in … Continue reading
The International Monetary Fund (IMF) says Greece needs to take more action to promote growth and deliver promised structural reform. On Monday it backed the next payment of 1.7bn euros after its fourth review of the country’s international bailout.