The Spanish government, now struggling with its own economic crisis and likely to need a massive EU bail-out
, urged Greek politicians to resolve their differences and stick to the austerity path to avoid further economic "contagion".
Investors would flee peripherals and plunk their money in safer bets, like German or US bonds, driving up borrowing costs for Rome and Madrid and potentially forcing them into bail-outs
It is unusual for the UK to get involved in the bail-out
No one can possibly know in advance exactly how big this "bill" might be, though that question--important as that is--misses the crucial point: a common bond would be the first step down a slippery slope to bail-outs
, and thus to the end of the euro area as a zone of stability.
However it called on the Commission to closely monitor other bail-outs
Reflecting the seriousness of the bail-out
, Jean-Claude Trichet, the European Central Bank president, attended the negotiations in Brussels.
6 billion bail-out
of the troubled micro-car brand.
In its current formthe bail-out
would slam high taxes on working class, elderly, and deprived Americans - people facing the same problems as you.
DAVID Cameron has ruled out Britain contributing any more to the European bail-out
Announcing the bail-out
on Sunday, Prime Minister Cowen appealed for public solidarity.
We do not need a bail-out
but we do need the Government to keep its current commitments, to avoid diverting funds to sectors with much lower prospects of success - and return on investment - and to maintain its level of support for exports and investment in research and technology.
FEARS of a need for a fresh bail-out
of British banks emerged today after governments around the world were forced into further rescue moves.
And the funding Jaguar Land Rover is looking for is not a bail-out
, but loans or loan guarantees to be paid back in the normal way, as substitutes for credit banks would usually provide.
FEARS about the European economy collapsing rose yesterday amid concerns Portugal and Spain will soon ask for a bail-out
EU leaders yesterday flatly rejected a new multi-billion euro bail-out
for eastern Europe, suggesting that additional aid be given to struggling nations only on a case-by-case basis.