Tag: European Financial Stability Facility

Euro zone summit approves fresh Greek bailout

Euro zone summit approves fresh Greek bailout

Euro zone leaders met in Brussels yesterday and have agreed a further €109 billion (£96.3 billion) bailout for debt-laden Greece. A further €135 billion will come from the private sector during the next three decade, which will include a debt buy-back programme. Stock markets have risen today following the news with the Japan’s Nikkei closing [...]

July 22, 2011 | 0 Comments More
Euro zone in no hurry to increase rescue facility

Euro zone in no hurry to increase rescue facility

Following the two-day meeting of European finance ministers in Brussels, it has emerged that Governments are in no hurry to increase the European Financial Stability Facility (EFSF) - otherwise known as the rescue fund. Greece and Ireland have received emergency bailouts from the fund and there has been speculation that weaker euro zone nations will [...]

January 18, 2011 | 0 Comments More
Euro zone ministers to discuss raising rescue fund

Euro zone ministers to discuss raising rescue fund

A meeting of euro zone finance ministers will take place today to discuss enlarging the effective capacity of the European Financial Stability Facility (EFSF). The move comes after speculation mounts that weaker euro zone nations will need to tap the facility for emergency funds. Portugal and Spain are both under scrutiny and face pressure to [...]

January 17, 2011 | 0 Comments More
No new measures for euro zone to prevent contagion

No new measures for euro zone to prevent contagion

The meeting of European finance ministers continues today with the debt crisis again to be high on the agenda. However, other issues including the EU budget and VAT are also expected to be discussed. Yesterday’s meeting ended with Jean-Claude Juncker, Luxembourg Prime Minister and Eurogroup Chairman, telling reporters that there is no need to increase [...]

December 7, 2010 | 0 Comments More