Sentences with phrase «imf emergency bailout»

Mr. Draghi said he was bound by the European treaty, which «embodies the best tradition of the Deutsche Bundesbank,» the German central bank, code for strict inflation - fighting and the furthest thing from a wholesale emergency bailout.

During his tenure as chairman, Bernanke was acutely aware of the public's deep resentment of the Fed's emergency bailout of financial giants such as AIG as well as policies that inevitably favored the wealthy by spurring the stock market.

«Our liquidity position in the last 24 hours had significantly deteriorated,» announced Bear Stearns CEO Alan Schwartz, explaining to shareholders why he had no other choice than to accept an emergency bailout.

The developing situation means Britain could face having to contribute # 3 billion to an EU emergency bailout, Open Europe said.

He says an IMF emergency bailout won't be enough to prevent Mongolia from defaulting on billions of dollars worth of loans.

They appealed to the United States government and were granted a 4 billion dollar emergency bailout loan by President Bush through the TARP fund.

In a dramatic meeting on September 18, 2008, Treasury Secretary Henry Paulson and Fed chairman Ben Bernanke met with key legislators to propose a $ 700 billion emergency bailout.

FirstEnergy has sought several forms of federal emergency bailouts for its struggling power plant fleet, including a failed push by the Trump administration to classify them as critical to grid reliability, and a demand to keep them open using emergency powers created for times of war and natural disaster.

PJM, in its strongly worded response to FirstEnergy's petition to DOE for an emergency bailout (see below), stated «without reservation there is no immediate threat to system reliability.»

Not exact matches

After 15 hours of talks that stretched through Sunday night and into Monday, Greece walked away from the emergency summit of Eurozone leaders with a «compromise» bailout package.

Flaherty argues there is no need for an emergency fund in Canada, where there were no taxpayer - funded bank bailouts during the recent financial crisis.

McConnell claimed to have principled objections to the bill, saying that it «institutionalizes» bailouts of Wall Street and that it would give the Federal Reserve «enhanced emergency lending authority that is far too open to abuse.»

The emergency plan to prevent the layoff of 1,300 city OTB employees was reached on April 18 after state lawmakers departed Albany without managing to reach a bailout deal.

A method like this tries to respect the taxpayer, making it unlikely that bailout funds would be tapped, while still allowing for situations where TBTF institutions could be reorganized in an emergency where the banks can't lend, rather than a quick liquidation.

Then the next day, October 3rd, Congress came to its senses, passing the Emergency Economic Stabilization Act — the bailout — which President Bush signed later that day.

As chief executives of the Big Three auto manufacturers of Detroit plead for an emergency government bailout, Custom Car Commandos, an exhibition opening at Art in General on January 16, 2009 relates the auto industry and the image industry.