bailout

Grexit: Greece Fails to Pay €1.6 Billion Debt to IMF

Greece has failed to repay €1.6 billion loan to the International Monetary Fund (IMF), hours after eurozone ministers refused to…

9 years ago

Greece Crisis: Government Seeks Eurozone Approval of Fiscal Progress

Greece is hopeful that Eurozone ministers will recognize the fiscal progress it has made. Eurozone finance ministers are meeting in…

9 years ago

Banco Espirito Santo rescue plan unveiled by Portugal’s central bank

Portugal's central bank has announced a plan to rescue Banco Espirito Santo (BES). The group will be split into two…

10 years ago

Ukraine $17 billion bailout approved by IMF board

The IMF has approved a $17.1 billion bailout for Ukraine to help the country's beleaguered economy. The loan comes amid…

11 years ago

Cyprus central bank governor Panicos Demetriades resigns

Panicos Demetriades - the governor of Cyprus central bank - has resigned after reportedly experienced difficulties with the government and…

11 years ago

Cyprus bailout jeopardized by parliament vote against privatization plan

Cyprus' parliament rejected a key part of the country’s bailout plan. As part of the 10 billion-euro ($13.7 billion) deal…

11 years ago

Ireland to exit bailout in December, without seeking precautionary funding

Ireland is to make a clean break from its 3-year 85 billion euro bailout programme in December, without seeking precautionary…

11 years ago

Greece may need a third bailout package

Greek Finance Minister Yannis Stournaras has said the country may need a third bailout but would not accept new austerity…

11 years ago

IMF admits making mistakes in handling Greece bailout

The International Monetary Fund has admitted that it made mistakes in handling Greece's first international bailout. The IMF said it…

11 years ago

Portugal to cut 30,000 civil service jobs and to raise retirement age by one year to 66

Portugal plans to cut 30,000 civil service jobs and to raise the retirement age by one year to 66 as…

12 years ago

Cyprus seeks help from EU to reduce burden of bailout conditions

Cypriot President Nicos Anastasiades has announced he will appeal for extra assistance from the EU after it emerged yesterday that…

12 years ago

Cyprus bailout to be finalized in Dublin eurozone finance ministers talks

Eurozone finance ministers meet in Dublin on Friday to finalize Cyprus bailout amid news that the country needs much more money…

12 years ago

Cyprus bailout cost rises to 23 billion euros

According to a draft document prepared by Cyprus' creditors, the cost of the bailout for the country has increased to…

12 years ago

Cyprus sells its gold reserves to finance bailout

Cyprus has decided to sell off much of its gold reserves to help finance part of its bailout. An assessment…

12 years ago

Portugal: PM Pedro Passos Coelho announces alternative cuts to avoid second bailout

Portugal's PM Pedro Passos Coelho has said a court ruling striking down parts of his government's budget means it will…

12 years ago

Bank of Cyprus key data about bond purchases missing

Investigators have found that some key data about bond purchases by Bank of Cyprus is missing. According to Cypriot media,…

12 years ago

Cyprus initial bailout plan was not smart, says ECB President Mario Draghi

ECB President Mario Draghi has said the initial plan to make small savers pay for the Cyprus bailout was "not…

12 years ago

Cyprus agrees on challenging rescue plan to release bailout

Cyprus has officially agreed to a set of measures that will release a 10 billion-euro ($12.8 billion) IMF-EU bailout. The…

12 years ago

Cyprus eases some bank restrictions

The Central Bank of Cyprus has decided to ease some of the restrictions imposed as the country's banks reopened, following…

12 years ago

Cyprus has no intention of leaving euro currency

Cyprus President Nicos Anastasiades says his country has no intention of the leaving the European single currency. Nicos Anastasiades said:…

12 years ago

Cyprus banks to reopen on Thursday at noon after two weeks of crisis

Cyprus banks are to reopen on Thursday at 12:00 p.m. local time, two weeks after they closed to prevent a…

12 years ago

Cyprus bank deposits over 100,000 euros could be cut by 40%

Cypriot Finance Minister Michalis Sarris has confirmed that the depositors with less than 100,000 euros in their accounts "will not…

12 years ago

Cyprus banks to reopen on March 26 with temporary limits to be placed on financial transactions

Cyprus banks are to reopen on Tuesday, March 26, although the two at the centre of the crisis, Bank of…

12 years ago

US and European markets fall despite Cyprus bailout deal after Jeroen Dijsselbloem’s remarks

European and US stock markets have fallen again after the head of Eurogroup suggested that the Cyprus model, which involves…

12 years ago

Asian markets rise following Cyprus bailout deal agreement

Asian markets and the euro have risen after EU officials agreed a bailout deal for Cyprus, easing fears that the…

12 years ago