Posts Tagged ‘bailout’

Think Tank Says Bailout Fund Will Need $6 Trillion And France Will Lose AAA Rating

Daily Bail October 10, 2011 Pardon while we chuckle, because $1 trillion, let alone $6 trillion, is never going to happen in Europe.  Where do they plan to get the money, Euro Claus? Consisdering that the current proposal being voted on by all 17 Eurozone members calls for a fund of less than $500 billion, this […]

Dexia gets new bailout with €4bn Belgian deal

  Jill TreanorGuardian October 10, 2011 Dexia has become the first casualty of the 2011 banking crisis, with its Belgian arm being bought by the country’s government and Belgium, France and Luxembourg providing a €90bn (£78bn) guarantee for its financing. The bank, which specialises in local government financing and provides backing for more than 40 private finance initiative projects in […]

Bailout Roulette

by Stephen Lendman   Daily the charade continues as world economies crater. Longtime financial analyst and Progressive Radio News Hour regular Bob Chapman says systematic global risk “lurks around every corner.” The European Systemic Risk Board (ESRB) wants governments to increase bailing out banks close to failure. Taxpayers become lenders of last resort. When they’re […]

Greece to face inspectors as Germany hints bailout

Reuters Sept 28, 2011 Greece’s lenders are sending a team to Athens to inspect a government austerity plan they want implemented in exchange for aid, while Germany suggested a new bailout may have to be renegotiated. Facing a wave of strikes and protests, Greece’s Socialist governmentis accelerating its debt strategy to meet the terms of an International Monetary Fund and European […]

Stocks Rally 2% Amid Euro Zone Bailout Hopes

  JeeYeon ParkCNBC.com September 28, 2011 Stocks advanced Tuesday, led by energy and materials, amid growing expectations that EU officials were working on a plan to ease the region’s debt crisis. The Dow Jones Industrial Average rose sharply, led by Hewlett-Packard and JPMorgan, after closing above the psychologically-significant 11,000 level in the previous session. The […]

Wary on Greece, EU mulls deepening bailout fund

AFP Sept 26, 2011 Greece and the euro are facing a tough week as European Union and IMF experts resume an audit of progress on cutting the public deficit and reforming the economy, with default threatening. The EU and IMF will decide on the basis of the audit whether to release the next slice of […]

IMF became a bailout machine?

RT Sept 24, 2011 With the eurozone debt crisis continuing and persistent high unemployment plaguing the US, much of the world is believed to be spiraling towards recession. While global growth is expected to stall, can the International Monetary Fund offer any solutions to this worldwide crisis? Or is the very institution actually part of […]

EU Bonds Rollover Debt with a Chinese Bailout

“It is an open secret that numerous European banks would not survive having to revalue sovereign debt held on the banking book at market levels.”Deutsche Bank CEO Josef Ackerman   by Sartre Batr   The financial press is inundated with the most ominous reports of an EU meltdown. The downturn in economic activity and little […]

US Taxpayers Could Pay For European Bailout

  John W. SchoenMSNBC Saturday, September 17, 2011 The U.S. is coming to Europe’s financial rescue. So far, America’s role is fairly limited. But if the crisis continues to grow and the U.S. takes on a wider role, U.S. consumers and taxpayers could feel a bigger impact. The biggest exposure could come from America’s status […]

US taxpayers could be on hook for Europe bailout

  John W. SchoenMSNBC.com September 16, 2011 The U.S. is coming to Europe’s financial rescue. So far, America’s role is fairly limited. But if the crisis continues to grow and the U.S. takes on a wider role, U.S. consumers and taxpayers could feel a bigger impact. The biggest exposure could come from America’s status as […]

The USDA’s $40 Million Chicken Bailout

  U.S. places $40 million chicken order CNN Money Posted August 21, 2011 NEW YORK (CNNMoney) — The United States is stepping in to help bail out another American industry — chicken farmers and meat processors. The nation’s chicken industry is having a difficult year. Chicken producers are struggling with higher costs of running their […]

Insurance Giants Will Use Taxpayers to Bailout Cost from UK Riots

  Patrick Henningsen Infowars.com August 11, 2011 Following any disaster, be it man-made, or ‘Act of God’, there will be many losers, but there will also be some big winners. Some people might be surprised by who is who in this story. First, let’s look at the losers. This past week, a series of riots ravaged London […]

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