Tag archive for ‘bailout’
By Ana Nivtova On Monday, November 22nd, 2010

As Ireland Gets Rescued, All Eyes on Portugal and Spain, Who’s Next to Collapse?

As the Irish banks are due to be rescued with up to 100,000 million euros in bailout funds, economists, investors and financial experts are turning their eyes on Portugal and Spain, asking “Who’s next?” An More...

By Ana Nivtova On Monday, November 22nd, 2010

Ireland Confirms Billion-Euro Bailout Plea

Irish Prime Minister Brian Cowen confirmed Sunday that his country requested financial assistance, which has received the approval of European Union Finance Ministers as well as the IMF (International Monetary Fund). Didier More...

By Ana Nivtova On Tuesday, November 16th, 2010

Ireland Bailout Within 2 Weeks, Portugal in 1 Month says RBS

The public debt crisis sweeping the European Union could be moving into decisive moments. The British governement controlled RBS (Royal Bank of Scotland) is betting on a bailout for Ireland in less than 15 days More...

By Michael Walsh On Sunday, May 23rd, 2010

The Best Democracy Money Can Buy

For Argentineans currently watching Greece’s humiliating fall from fiscal grace there will be a distinct feeling of déjà-vu. Many will be excused if they are seen to be wearing their ‘Been There, Done That’ More...

By Michael Sorense On Thursday, April 29th, 2010

Debt rating of Spain suffers downgrade

Spain follows Greece’s footsteps into a severe debt crisis as Standard and Poor’s rating agency cut Spain’s debt rating following a possible further deterioration of Spain’s budgetary position. Spain’s More...

By Rajat Anand On Thursday, December 17th, 2009

Crisis in Dubai is over, says official

According to a report by Reuters, the United Arab Emirates’ foreign minister said on Thursday, “the economic crisis in Dubai is over”. Given the $10 billion bailout announced earlier this week More...

By Rajat Anand On Monday, December 7th, 2009
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Unspent TARP money to be used for jobs: Obama

Barack Obama, President of the United States of America, has said that the unspent funds from the bailout for the financial industry may be used to accelerate the growth of jobs in the country. The President is More...

By Adrian Santana On Wednesday, April 15th, 2009

UBS Expects Almost CHF2B 1Q Loss; To Cut 9000 jobs

Switzerland’s biggest bank, UBS announced Wednesday that it would look to cut costs by shedding 8,700 jobs by 2010. The statement came as the bank announced the loss of 2 billion Swiss Francs ($1.75) in the More...

By Adrian Santana On Thursday, March 26th, 2009

IMF to provide Serbia with 3 billion euros

The International Monetary Fund announced Thursday it had granted Serbia a 3 billion euro (£2.8bn; $4.1bn) bailout loan in order to come to terms with the hard hit Serbian economy. “Serbia’s GDP will More...

By Adrian Santana On Monday, March 2nd, 2009
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AIG to receive $30 Billion more

The federal government allegedly agreed Sunday night to provide an additional $30 billion in taxpayer money to the American International Group (AIG) as well as to loosen the terms of its huge loan to the insurer. The More...