Sentences with phrase «bailout programme»
A "bailout programme" refers to a government's effort to provide financial assistance or support to entities like banks or companies facing financial distress or collapse. It is essentially a plan to rescue these organizations from bankruptcy or failure by injecting funds or offering loans to help stabilize them and prevent further negative consequences for the economy. Full definition
But an ECB governing council member, Ewald Nowotny, held out the possibility of bridge funding for Greece while a new bailout programme is being negotiated.
uk.reuters.com
Alexis Tsipras was on course on Monday night to sway radical - leftist Syriza MPs to accept the most draconian rescue of a sovereign nation since the second world war, after the Greek prime minister accepted a third bailout programme that one analyst said came after a weekend of «gunboat diplomacy».
But this year a combination of an IMF bailout programme, a US$ 1.8 billion cocoa syndicated loan, a US$ 750 million Eurobond and the central bank's tightening of the monetary policy has led to the cedi recording one of its best performances in recent years.
Unemployment, inflation, and mortgage repayments are soaring as a result of the crash, which has saddled Iceland with levels of debt running to tens of thousands for each of the population of 320,000 and necessitating a 10bn - dollar bailout programme led by the International Monetary Fund.
His declaration comes just hours before a crucial meeting between the finance ministers of the Eurogroup who are set to decide whether the reforms proposed by the Greek government are good enough to grant an extension on the country's bailout programme.
The process of this deal wasn't dissimilar to the bailout programmes that have already passed — the other eurozone governments were a little less sympathetic, partly due to public pressure, and the Greek government was more radical than ever.
The bottom line of Draghi's answers was that the ECB would only buy government bonds rated lower than investment grade if the countries are in a bailout programme and the programme is not in a review period.
It improved significantly the chances of Portugal following Ireland's example and exiting its bailout programme later this year — and of Greece also soon being able to tap international debt markets.
What the next step after the expiry of the 2012 bailout programme should be was put to a national vote on 25 January.
Anna Scott looks at what an exit from the bailout programme would mean for the country
«It's difficult to imagine where the Irish economy would be without the bailout programme,» says Alan Murphy, managing partner of Eversheds» Dublin office.